Dallas, November 6, 2008 -- Tyler Technologies, Inc. (NYSE: TYL) today announced the addition of Bruce Graham and Bret Dixon to its executive leadership team. Serving respectively as President and Chief Operating Officer of Tyler's Courts & Justice Solutions, Graham and Dixon will lead that business unit, which is based in Plano, Texas. Proven leaders in the information technology industry, they bring to Tyler experienced leadership for the next stage of expansion in this high growth arena. Both come to Tyler from BEA Systems, a $1.5 billion publicly-held software company that provided application infrastructure software to the world's largest enterprises, which was acquired by Oracle in April 2008.
Graham was Senior Vice President of BEA Consulting and Global & Enterprise accounts, responsible for a $140 million worldwide P&L as well as its 75 largest customers. He was one of the key initiators of BEA's leadership in service-oriented architecture (SOA), which included the development of an SOA product line and global implementation method. Prior to BEA, Graham was a founding partner in The Feld Group, a technology consulting and management firm acquired by EDS in 2002. His experience includes serving as CIO of multiple billion dollar enterprises, and as COO and then CEO of a publicly owned application service provider.
Dixon joined BEA as a Sales Executive responsible for the worldwide Systems Engineering organization. Later, as Senior Vice President of Americas Services, Dixon oversaw strategic and operational aspects of this $500 million services organization. He was responsible for the profitable management of three lines of business — customer support, consulting services, and customer education. During his tenure the services business grew revenues by 45% and expanded operating margins by 600 basis points. He joined BEA from The Feld Group after beginning his career at IBM.
"We are delighted to be joined by not one, but two dynamic individuals with proven industry leadership skills and a passion for this business," commented John Marr, Jr., president and chief executive officer of Tyler Technologies. "Both Bruce and Bret are ideally suited to marshal the talent and resources of Tyler's Courts & Justice Solutions and maximize our potential as a leader in that market."
Graham and Dixon recognized the unique strengths and opportunities at Tyler Technologies — with a 16% compound annual growth rate in a market characterized by $13 billion in local government spending on information technology solutions. According to Dixon, "Tyler has established itself as one of the largest software providers to the public sector. The opportunity to continue Tyler's growth with scale and quality is fantastic."
Graham added "Tyler has delivered dramatic growth since the launch of Odyssey, its judicial management product suite. Significantly, from 2006 to 2008 Courts & Justice Solutions revenues have increased approximately 60%. Our goal is to scale Tyler's Courts & Justice infrastructure to match this pace, and set a foundation for additional vertical and horizontal opportunities in the integrated justice sector. I believe Tyler is uniquely positioned to deliver increased value to both its customers and shareholders in the coming years."
As described by Dustin R. Womble, executive vice president of Tyler Technologies and previous president of Tyler's Courts & Justice Solutions, "Bruce and Bret are experienced industry leaders. They understand the issues faced by both Tyler staff and clients and clearly have a real awareness of what it means to occupy leadership positions in the information technology industry as well as tackle the challenges that high growth entails."
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" for two consecutive years 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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