TYLER TECHNOLOGIES UNIT SIGNS $4.7 MILLION CONTRACT TO PROVIDE PROPERTY TAX SYSTEM TO FULTON COUNTY, GEORGIA |
Dallas, July 23, 2003 —Tyler Technologies, Inc. (NYSE: TYL) announced today that its Cole Layer Trumble (CLT) division has signed a contract with Fulton County (Atlanta), Georgia valued at more than $4.7 million for the installation and implementation of CLT's Integrated Assessment System (IAS).
Fulton County's move to IAS is an upgrade from the legacy property assessment software previously provided by Tyler's CLT division. IAS is comprised of several modules that will provide Fulton County with the ability to maintain property descriptions, establish values, administer exemptions, calculate property taxes, produce tax bills and collect property taxes. The new system includes the latest Web-enabled features in the iasWorld component, which was recently added to the IAS suite of products.
When the Fulton County Information Technology department, headed by Chief Information Officer & Director of Information Technology Robert E. Taylor, recommended Tyler Technologies for an upgrade of the County's systems that manage tax assessments and billings, the Georgia Technology Authority (GTA) performed a detailed evaluation and supported that recommendation as the right choice.
"The upgraded system will be easier for employees to use and require less training. It will eventually allow taxpayers to access the department over the Internet," noted the GTA. GTA team member Bruce Brownlee added, "The upgrade will result in a Web-based system using a single consolidated database and technology that has become Fulton County’s standard."
Bruce Nagel, President of Tyler's CLT division, said, "CLT has been continuously providing property tax related software and services to Fulton County since the late 1980s. This partnership will be extended for several years into the future as a result of the County's decision to upgrade its legacy software from CLT with our Oracle-based Integrated Assessment System. We consider our relationship with Fulton County to be one of the finest examples of how government and the private sector can work together to effectively manage local government's single most important source of revenue – the property tax."
Fulton County was recently recognized for its innovative use of technology as one of the nation's "Top Ten Digital Counties" in a joint survey conducted by the National Association of Counties, the Center for Digital Government, and Government Technology magazine. The County encompasses over 500 square miles and is home to more than 800,000 residents. The largest city in Fulton County is Atlanta, the state capital. Fulton County’s tax commissioner bills $1.4 billion annually for personal and real property taxes.
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.tylerworks.com.
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.
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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Jul 23, 2003 |
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