Tyler Technologies to Be Added to S&P SmallCap 600 Index
16 Agosto 2007 - 2:03PM
Business Wire
Tyler Technologies, Inc. (NYSE: TYL) announced today that the
Company will be been added to the Standard & Poor�s (S&P)
SmallCap 600 Index, effective at the close of trading on Friday,
August 17, 2007. According to a list of changes issued by Standard
& Poor�s, Tyler Technologies will be classified under the
Global Industry Classification Standard (GICS) Application Software
sub-industry index. �Inclusion in the S&P SmallCap 600 Index is
a significant milestone for Tyler Technologies,� said Tyler�s
President and Chief Executive Officer, John S. Marr, Jr.
�Membership in this prestigious index is an acknowledgement of
Tyler�s sustained growth strategy and a testament to the execution
of our business model.� The S&P SmallCap 600 Index is a core
component of the S&P U.S. index series and covers approximately
three percent of the U.S. equities market. The Index is designed to
be an efficient portfolio of companies that meet specific inclusion
criteria to ensure that they are financially viable. Criteria for
the S&P SmallCap 600 includes U.S. company status, market
capitalization in the range of $300 million to $1 billion,
financial viability, adequate liquidity and reasonable price,
public float of at least 50 percent, sector representation and an
operating company status. Complete details on the guidelines for
maintaining the index are available at www.standardandpoors.com.
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. In April 2007, Tyler
was named one of �America�s 100 Most Trustworthy Companies� by
Audit Integrity, an independent research firm. More information
about Tyler Technologies can be found at www.tylertech.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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