ST. LOUIS COUNTY, MISSOURI SELECTS TYLER TECHNOLOGIES UNIT TO PROVIDE PROPERTY TAX SOLUTION
Software and Services Contract Valued at Over $2 Million
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Dallas, Texas, May 21, 2003 —Tyler Technologies, Inc. (NYSE: TYL) announced today that its Cole Layer Trumble (CLT) division has entered into agreements with St. Louis County, Missouri to extend its Integrated Assessment System (IAS) to include Assessment Administration, Personal Property, Financial Accounting, Hearing Tracking, Tax Billing and Collection, and Delinquent Tax modules, as well as remote in-field computing capabilities. In addition to software licenses and installation, Tyler will provide the services necessary to implement the new modules, including the development of interfaces to existing County systems and custom reports. The total value of the agreements is in excess of $2 million.
The addition of these IAS modules will increase the efficiency and technical capabilities of the Assessor’s and Treasurer’s offices in St. Louis County. The new in-field computing capabilities will also provide convenient access to data on the host system from any remote site, improving accuracy and productivity for County employees. St. Louis County has been a client of Tyler’s CLT division since 1981, and originally purchased the CAMA (computer-assisted mass appraisal) module of IAS in 1998.
“We are pleased to have this opportunity to expand our long-term relationship with St. Louis County,” remarked John Baker, Senior Vice President for Marketing for Tyler’s CLT division. “These additional software applications will enhance the County’s abilities to serve the taxpayers in an efficient and cost-effective manner.”
St. Louis County, with a population of over 1,016,000, is the largest county in Missouri and has the highest per capita income in the state. Located in the east central part of the state, St. Louis County contains 384,000 parcels of property and includes the city of Clayton, the county seat.
Tyler’s CLT division is the nation’s largest provider of mass appraisal and property tax software and reassessment outsourcing services. Since its founding in 1938, CLT has provided appraisal outsourcing services and property tax administration software to over 1,200 assessing jurisdictions in the United States and Canada. Now in its fourth major release, IAS has been selected by more than 70 jurisdictions in 24 states and one Canadian province. These jurisdictions include a total population of more than 18 million, with over ten million parcels and more than one million personal property accounts.
Based in Dallas, Tyler Technologies is a leading provider of end-to-end information management solutions and services to 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 nearly 6,000 local government offices in 49 states, Canada and Puerto Rico. More information about Tyler Technologies can be found on the World Wide Web 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. |
May 21, 2003 |
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