Tyler Technologies Secures Contract with Allegheny County Retirement Board for Pension Management Solution
20 Agosto 2008 - 2:03PM
Business Wire
Tyler Technologies, Inc. (NYSE: TYL) announced today that it has
reached an agreement with the Retirement Board of Allegheny County,
Pennsylvania to provide Tyler�s Pension Management solution for the
administration of the Allegheny County Employees Retirement Fund.
The contract includes software licenses, as well as related
professional services, ongoing maintenance and support. Allegheny
County Retirement Board President and County Treasurer John
Weinstein commented on the County�s decision to purchase the new
Pension Management solution. �Allegheny County sought to replace
its archaic system with a comprehensive pension administration
solution � one that integrates technology with the County�s other
financial applications. Tyler�s Pension Management solution will
accomplish this for us. Ultimately, we�re looking to increase
efficiencies related to the management and administration of our
employee pension fund, which serves over 7,000 active members, and
4,500 retirees which are currently pensioners. Implementing this
new system will enable us to improve service to plan members by
providing them with self-service tools to check account balances
and calculate retirement benefits via the Internet. The system will
also automate correspondence to both plan members and County
personnel with integrated forms and comprehensive reporting.�
Tyler�s Pension Management system provides public sector agencies
with a highly customizable solution for managing their pension
plans. Built on the Microsoft� .NET framework, the Web-enabled
system gives individuals convenient online access to their account
information. Allegheny County is the second county in Pennsylvania
to invest in the Pension Management solution, which is compliant
with the County Pension Law (Act 96) of the Pennsylvania state
legislature. The County is an existing Tyler client, running
Tyler�s iasWorld property tax solution since 2002 to manage its
property tax assessment, billing and administration functions. John
S. Marr, Jr., president and CEO of Tyler Technologies, believes the
flexible design and ability of Tyler�s Pension Management solution
to meet state of Pennsylvania requirements make it an excellent
investment choice for Allegheny County. �Tyler�s focus on providing
local government agencies with a Pension Management solution that
offers not only extensive functionality, but also the flexibility
to meet state-specific requirements makes it a solid match for
Allegheny County and other counties in the state. Tyler is pleased
to welcome Allegheny as the latest client to invest in our Pension
Management solution,� he stated. Allegheny County is the second
largest county in Pennsylvania with 1.3 million residents.
Pittsburgh, which is the 22nd largest metropolitan area in the
United States, serves as the county seat. Home to several Fortune
500 companies, the county is centrally located to several major
cities, including Philadelphia, Baltimore, New York and Washington,
D.C. 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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