Tyler Technologies Expands Presence in Schools Nationwide with New Contracts
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Dallas, December 1, 2004 -- Tyler Technologies, Inc. (NYSE: TYL) announced today several recent contracts that significantly expand the company’s presence in the K-12 school market nationwide. The total value of the six new contracts for Tyler’s MUNIS® financial software is approximately $4 million. Tyler’s new MUNIS clients include the following school districts:
- Norfolk (Virginia) Public Schools – 36,700 students
- Irving (Texas) Independent School District – 30,800 students
- Phoenix (Arizona) Union High School District – 23,600 students
- Tempe (Arizona) Elementary School District – 13,400 students
- Spartanburg (South Carolina) County School District No. 6 – 9,500 students
- Regional School District No. 4 (Connecticut) – 900 students
Tyler’s MUNIS software is used in well over 300 school districts nationwide and, as indicated by these recent new contracts, continues to build upon its reputation as the vendor of choice in the market. “MUNIS is emerging as a clear leader among software providers to school business offices,” commented Richard Peterson, Jr., President of Tyler’s MUNIS division. “Quite frankly, we don’t believe that any other company in our marketplace is as committed to meeting the functional and operational needs of schools as Tyler is, nor do we see other software companies expending the resources necessary to do so.”
Tyler Technologies is firmly committed to providing K-12 school business offices with financial, payroll and human resources, revenue, and productivity applications tailored to fit their unique operational needs. Tyler’s employees have a deep understanding of the business of schools and their special requirements, including special general ledger account structures and payroll and personnel processing functionality. Additionally, MUNIS meets all federally-mandated reporting requirements and provides state-specific reporting, such as for teacher retirement. The functionality of MUNIS results from years of experience working with school business offices. Tyler uses its exceptionally strong working relationships with its school customers to continue to develop additional features and enhancements specifically for their needs, which in turn drives Tyler’s continued success in this market.
Tyler is a participant in the Schools Interoperability Framework (SIF), which is an industry initiative to develop a technical blueprint for K-12 schools software that will enable diverse applications to interact and share data. The goal of SIF is to maximize the value of software investments and more efficiently use staff and faculty time.
According to Jeff Allemang, Information Technology Services Division Manager for the Phoenix Union High School District in Phoenix, Arizona, “We selected Tyler’s MUNIS software to support our core values of fiscal responsibility, accountability, service, accuracy and sound decision making. The reputation of Tyler Technologies and the functionality of MUNIS were critical factors in the district’s financial system selection.”
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, Puerto Rico and the United Kingdom. Tyler was recently named one of the "200 Best Small Companies" in America by Forbes Magazine. 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, 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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Dec 01, 2004 |
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