Tyler Technologies Signs 5-Year Software as a Service Agreement with Town of Westport, Connecticut
22 Maggio 2008 - 1:03PM
Business Wire
Tyler Technologies, Inc. (NYSE: TYL) announced today that it has
entered into a five-year Application Service Provider (ASP)
contract with the Town of Westport, Connecticut. Under the
agreement, Tyler will provide its MUNIS financial management
software and related professional services. The ASP option�a
Software as a Service (SaaS) solution�places software
administration in the hands of the provider. Tyler will host
Westport�s MUNIS software applications and data at its secure
facility. It will also supply ongoing support, maintenance and
upgrades for software, hardware and operating systems. As a result,
the ASP option will free the Town�s information technology
resources to focus on other responsibilities. James Hisey, Westport
communications supervisor, commented on the decision to invest in
Tyler�s software through its ASP model. �Westport chose Tyler�s ASP
solution because it assures the most up-to-date products. Of equal
importance is the fact that it will save us time and resources on
the IT side, eliminating the need to hire personnel to manage the
MUNIS system and install new equipment related to it. Tyler will
handle these tasks for us, allowing us to concentrate on other
initiatives. Tyler has an exceptional client retention rate for its
MUNIS ASP agreements�this reflects the quality and value of the
services they provide,� he explained. Westport will utilize
software applications from the MUNIS financial and human resource
product suites. The Town has also selected several productivity
applications that will improve its workflow and reporting
capabilities. These include MUNIS Crystal Reports, Tyler GASB 34
Reporter, Tyler Forms Processing and Tyler GoDocs. Hisey noted
several additional factors influencing Westport�s reason for
selecting Tyler�s MUNIS solution to meet its Enterprise Resource
Planning (ERP) needs. �Westport needed to replace its outdated
legacy system. Our old system lacked the technology we required to
perform at our best, and we were rapidly approaching a time when
that system would no longer be supported. We sought an ERP solution
that is at the forefront of technology�one that would be a complete
solution for the Town and holds the potential to fulfill the needs
of our Board of Education in the future. Tyler�s MUNIS solution
does this. It features built-in workflow that will improve our
operating efficiency. It also has a significant client base in
Connecticut, as well as recommendations from finance directors and
members of the Government Finance Officers Association�which says a
lot,� he stated. Richard Peterson, Jr., president of Tyler�s MUNIS
Financial Management Solutions, agrees. �Tyler�s MUNIS ERP solution
has earned an exceptional reputation for meeting the challenges
faced by public sector agencies. The Town of Westport�s decision to
not only invest in our ASP model, but also to commit to a five-year
agreement, reflects Tyler�s standing as the leader in the public
sector market. The Town can expect to benefit greatly from choosing
Tyler to host and manage its MUNIS applications. We�re honored to
have been selected and look forward to a long-term partnership,� he
commented. Located in Fairfield County, Westport is a coastal
community with approximately 26,000 residents. Known for its New
England charm, it is home to museums, historic sites and parks.
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 7,000 local government offices throughout all 50 states,
Canada, Puerto Rico and the United Kingdom. Tyler has been named
one of �America�s 200 Best Small Companies� by Forbes Magazine and
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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