Dallas, October 13, 2008 -- Tyler Technologies, Inc. (NYSE: TYL) announced today that it has signed a contract to provide its financial management and property tax assessment solutions to Archuleta County, Colorado. The agreement, which is funded in part by a grant from the Colorado Department of Local Affairs and 1A Funds, includes software licenses, related professional services, ongoing maintenance and support.
Archuleta County will implement Tyler's Eagle Assessor, Appraiser and Treasurer applications to manage assessment administration, tax billing and collection. The County has chosen to invest in Disaster Recovery services whereby Tyler will transparently retrieve a copy of the County's assessment system data nightly, hosting it at Tyler's secure facility. Should Archuleta County experience system failure, Tyler's services will enable it to get these critical processes running within hours.
Archuleta County will also deploy a comprehensive suite of Tyler's INCODE financial and human resource software applications. Additionally, Archuleta County has purchased Tyler's Student Center, a subscription-based service that will allow County staff unlimited access to all training features, including online self-study courses and Webinars.
"Archuleta County's investment in Tyler's financial management and assessment software solutions is a prime example of our ability to serve as a single source provider of a broad range of information management solutions for local governments. Our software will facilitate the sharing of data across County offices, bringing greater efficiency and effectiveness to daily operations. We're pleased that Archuleta County has joined the growing list of clients who have recognized the depth of our expertise by choosing to invest in multiple Tyler systems," stated John S. Marr, Jr., president and chief executive officer of Tyler Technologies.
Karin Kohake, special projects manager for Archuleta County, said the intention of the County's Integrated Software Project was to upgrade technology within the County's Assessor, Treasurer, Finance, GIS and IT offices, enabling data from these offices to integrate with other County offices. "The most critical technical need for Archuleta County is to replace the antiquated software systems currently used by our Assessor's and Treasurer's offices, while linking the new systems to the Finance office," she explained.
"Archuleta County voters overwhelmingly approved the use of 1A funds for this software upgrade. It's clear they understood the new technology would save taxpayer dollars by reducing redundancy, improving effectiveness and providing access to pertinent, useful and important information—all benefits the County will reap by implementing Tyler's solutions. This software will facilitate the sharing of information between departments, leading to superior efficiency and improved accuracy for County offices. We're excited to fully deploy Tyler's solutions and to gain the ability to offer residents access to the most current information possible," Kohake stated.
Archuleta County is home to approximately 12,000 residents and covers 1,350 square miles. Pagosa Springs is the county seat.
Based in Dallas, Tyler Technologies is a leading provider of end-to-end information management solutions and services for local governments. Tyler partners with clients to make local government more accessible to the public, more responsive to needs of citizens, and more efficient. Tyler's client base includes more than 7,000 local government offices throughout all 50 states, Canada, Puerto Rico and the United Kingdom. Tyler has been named one of "America's 200 Best Small Companies" by Forbes Magazine and one of "America's 100 Most Trustworthy Companies" by Audit Integrity, an independent research firm. More information about Tyler Technologies can be found at www.tylertech.com.
Tyler Technologies, Inc. has included in this press release "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning its business and operations. Tyler Technologies expressly disclaims any obligation to release publicly any updates or revisions to these forward-looking statements to reflect any change in its expectations. These expectations and the related statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, changes in competition, changes in general economic conditions, changes in the budgets and regulatory environments of the Company's customers, risks associated with the development of new products and the enhancement of existing products, the ability to attract and retain qualified personnel, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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