FOUR MARYLAND GOVERNMENTS SELECT MUNIS® FINANCIAL SOFTWARE FROM TYLER TECHNOLOGIES
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Dallas, March 9, 2004 - Tyler Technologies, Inc. (NYSE: TYL) announced today that four local governments in Maryland have signed contracts to purchase its MUNIS® financial software. Howard and Wicomico Counties, along with the Cities of Salisbury and Bowie, each will replace their existing systems with Tyler's MUNIS® products. In addition to the software, Tyler will provide implementation, training and support services. The total estimated value of the contracts is $1.3 million.
The Cities of Salisbury and Bowie will both implement Tyler's MUNIS® Financials, Human Resources, and Utility Billing product suites, while Salisbury will also add MUNIS® Tax applications. Howard and Wicomico Counties will each implement MUNIS® Tax systems.
"These contracts bring our total number of MUNIS® software customers in Maryland to 14," commented John S. Marr, Jr., Tyler's Chief Operating Officer. "Six of those customers have joined us within the last year. Cities, counties and schools across the country recognize the long-term value of an investment in MUNIS® software; from a company with the strength and stability of Tyler Technologies."
"One of the key factors in Wicomico County's decision to purchase MUNIS® was Tyler's existing client base in Maryland," noted Pat Peterson, Director of Finance for Wicomico County. "MUNIS® was able to provide off-the-shelf software specific to Maryland requirements, along with the ability to customize it to our needs."
Howard County is the fifth largest county in Maryland, with a population of more than 247,000. Wicomico County has a population of approximately 85,000 and an annual budget of $99 million. The City of Salisbury is located in Wicomico County and has nearly 24,000 residents. The City of Bowie, with a population of more than 50,000, is located just fifteen miles from Baltimore.
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 6,000 local government offices throughout all 50 states, Canada, Puerto Rico and the United Kingdom. More information about Tyler Technologies can be found 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, the ability of the Company to successfully integrate acquisitions, 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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Mar 09, 2004 |
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