TYLER TECHNOLOGIES EXPANDS PRESENCE IN CALIFORNIA WITH CONTRACT TO PROVIDE FINANCIAL SOFTWARE TO THE CITY OF VENTURA |
Dallas, July 21, 2004 -- Tyler Technologies, Inc. (NYSE: TYL) announced today that the City of San Buenaventura (Ventura), California has signed a contract to purchase Tyler's MUNIS® financial and human resource software. The total estimated value of the contract, including software licenses and professional services, is $1.2 million.
Ventura has purchased the MUNIS Financial and Human Resource software application suites, as well as the Utility Billing, Business Licenses and Permits & Code Enforcement applications. Ventura will also implement MUNIS® productivity tools, including MUNIS Office and the MUNIS Management Portal, to augment the reporting and documentation capabilities of the MUNIS applications and to allow the City's managers and administrators to combine real-time MUNIS content with other enterprise data, such as Web-based information. In addition, Tyler will provide the City with implementation, training, support, and disaster recovery services.
Ventura's selection of MUNIS as the preferred solution for replacement of the City's legacy financial system is the outcome of a comprehensive 18-month needs assessment and product review process involving staff from all City departments. Ventura's objective is to implement an intuitive, integrated and state-of-the-art software system that will yield productivity gains and reduce overall costs. By using MUNIS software applications and services from Tyler, the City expects to increase staff efficiency, enhance decision making, improve communication between departments, and provide better service to the public.
Located on the Pacific coast, just north of Los Angeles, Ventura's population has quadrupled in the last two decades to approximately 105,000. Ventura was recently named one of America's most livable communities by Partners for Livable Communities. The City was honored with this designation because of its novel approach to economic development, use of assets such as arts and cultural resources, creative financing strategies, and collaborative leadership.
Tyler's selection by the City of Ventura follows two other recent contract awards for Tyler's MUNIS software from the cities of La Mirada and San Carlos, California. "We are very committed to growth in the Pacific region of the country," commented John Marr, Jr., Chief Operating Officer of Tyler Technologies. "With our new office in Concord, California, we are able to respond more efficiently to the needs of our rapidly growing list of west coast clients and provide them with the high level of service on which Tyler has built its reputation."
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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Jul 20, 2004 |
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