Tyler Technologies Acquires Assets From Software Systems, Inc.
12 Settembre 2006 - 3:03PM
PR Newswire (US)
DALLAS, Sept. 12 /PRNewswire-FirstCall/ -- Tyler Technologies, Inc.
(NYSE:TYL) announced today that it has completed the acquisition of
certain assets from Software Systems, Inc. (SSI) of Gibsonia,
Pennsylvania. SSI has been a reseller of Tyler's MUNIS(R) financial
software for more than 20 years and provided professional services
and support to certain MUNIS users. Tyler acquired the assets
associated with SSI's MUNIS-related business, including
relationships with approximately 70 MUNIS users, primarily local
governments in Pennsylvania. SSI's annual revenues from its
MUNIS-related business were approximately $700,000. "We are pleased
to strengthen and expand our relationships with these MUNIS users
through this acquisition," stated John Marr, Jr., President and CEO
of Tyler Technologies. "As a result of this transaction, we will
now provide front-line support, as well as additional professional
services, to the local governments that implemented our MUNIS
software through SSI. We look forward to providing them with the
same level of exceptional service and support that our other
clients have come to expect from Tyler." 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. Forbes Magazine named Tyler one of the "200
Best Small Companies" in America in 2004. More information about
Tyler Technologies can be found at http://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.
http://www.newscom.com/cgi-bin/prnh/20020416/TYLLOGO
http://photoarchive.ap.org/ DATASOURCE: Tyler Technologies, Inc.
CONTACT: Brian K. Miller, Senior Vice President - CFO of Tyler
Technologies, Inc., +1-972-713-3720, or Web site:
http://www.tylerworks.com/
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