TYLER TECHNOLOGIES ROLLS OUT NEW ORION PROPERTY TAX ADMINISTRATION SYSTEM WITH CONTRACT AWARD FROM STATE OF KANSAS
|
Dallas, October 20, 2003 —Tyler Technologies, Inc. (NYSE: TYL) announced today that it has signed a contract with the state of Kansas to install Tyler’s new Orion property tax administration software. Tyler will initially install Computer Assisted Mass Appraisal, Assessment Administration and Inquiry/Appeals Tracking software modules in three Kansas counties, and the state intends to eventually implement the Orion software statewide in all of its 105 counties. The initial phase of the contract is valued at $2.8 million, with a total contract value of approximately $7.6 million, including software support and services through 2010, if the state exercises its options to implement the software statewide.
Johnson, Douglas, and Riley counties will serve as pilots for the new software implementations, with expected live dates by summer 2004. Johnson County, located in the Kansas City metropolitan area, is the state’s largest county and ranks as the third fastest-growing county in the nation. Douglas County, which includes the city of Lawrence, and Riley County, which includes the city of Manhattan, both rank among the state’s eight largest counties. Implementation in seven counties in the next phase of the project is planned for 2005. The software is scheduled to be implemented in the remaining 95 counties by the end of 2008.
Tyler Technologies’ Orion property tax administration product is a new browser-based system designed to provide assessing and taxing jurisdictions with an easy-to-learn and easy-to-use interface with property information databases. The software offers imbedded document imaging, property inquiries and appeals, and extensive linking capabilities to track owners, related properties, multiple mailing addresses, and exemption information. Orion is built on the same technology platform Tyler Technologies developed for its Odyssey court case management system. Scalable and robust, it incorporates leading-edge technology, including XML, n-tier architecture, an ultra-thin client footprint and component-based design – to encourage growth and maximize the value of a government’s investment in new software.
Kansas has used legacy property tax software from Tyler’s CLT division since the mid-1980s. Counties throughout the state are currently using either a mainframe or AS 400 property assessment solution. Upgrading to Orion as the statewide standard will provide a customizable user interface, access to Marshall & Swift valuation calculations for residential and commercial properties, and hyperlinks providing easy access to related data.
“The selection of our Orion system by the state of Kansas validates Tyler’s plan to build a next generation property tax administration system that will allow existing Tyler clients to easily migrate to a common platform,” said Bruce Nagel, President of Tyler’s Property Appraisal and Tax division. “Further, the new platform will allow us to sell Orion to new clients of any size, regardless of location or appraisal / assessing methodology. The Tyler development team has truly done a remarkable job. Orion will continue in the tradition of our feature-rich and functional legacy property tax products that have been implemented in many jurisdictions in the United States and Canada with widely different business process needs, but with a single set of source code.”
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 throughout all 50 states, Canada and Puerto Rico. More information about Tyler Technologies can be found on the World Wide Web at www.tylerworks.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.
####
|
Oct 20, 2003 |
|