TYLER TECHNOLOGIES SIGNS $2.2 MILLION ASP CONTRACT WITH WAYNE COUNTY AIRPORT AUTHORITY |
Dallas, Texas, November 13, 2002 —Tyler Technologies, Inc. (NYSE: TYL) announced today that it has signed a contract valued at approximately $2.2 million to provide its integrated financial and human resource management system to the Wayne County Airport Authority in Michigan. Under the new three-year agreement, Tyler will provide Application Service Provider (ASP) hosting services and software, along with data conversion, training, project management and other professional services. The contract also includes e-services that will allow employees and other users to access data and conduct business with the Airport Authority via the Internet.
Tyler’s ASP solution removes the uncertainties and upfront costs associated with purchasing and maintaining new system hardware and software, while relieving the burden on internal IT staff of administering the system in-house, allowing them to work on other projects. With the addition of the Wayne County Airport Authority, sixteen clients have now selected the ASP hosting option for Tyler’s MUNIS(R) system. MUNIS(R) is recognized as a leader in the public sector software market, with over 800 installed client sites across the nation for its financial, human resource and revenue-based applications.
The Wayne County Airport Authority operates the Detroit Metropolitan Airport, the world’s sixth busiest, as well as the Willow Run Airport, an important cargo/general aviation airport. Under the terms of the new agreement, Tyler Technologies will convert the Airport Authority’s financial management and human resource databases and transfer the data to Tyler’s ASP Data Center in Falmouth, Maine, where it will be managed on the MUNIS(R) software system. Training, consulting and product management services will be delivered by Tyler at the Airport Authority’s facilities in Detroit.
Officials from the Wayne County Airport Authority conducted a thorough nationwide evaluation of financial management and human resource systems, including site visits to customers of several vendors, and found that the MUNIS(R) software was the clear winner in the competition. “Strong references from other clients in Michigan, together with Tyler’s ability to meet an aggressive implementation schedule, helped distance MUNIS(R) from the competition,” said Lester Robinson, Wayne County Airport Authority CEO.
“Our ASP solution for local governments continues to gain momentum,” commented John Marr, Jr., President of Tyler’s MUNIS division. “The agreement with the Wayne County Airport Authority represents our largest ASP contract to date and reflects the high degree of satisfaction among our customers with both our software and our expertise in supporting these mission-critical systems.”
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 in its operations. Tyler's client base includes nearly 6,000 local government offices in 49 states, Canada and Puerto Rico. More information about Tyler Technologies can be found at www.tylertechnologies.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. |
Nov 13, 2002 |
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