Tyler Technologies and Australia-based Record Holdings Form Alliance for Digital Court Recording and Case Management
03 Febbraio 2015 - 3:17PM
Business Wire
Tyler invests in Record Holdings with minority
equity stake
Tyler Technologies, Inc. (NYSE: TYL) has entered into a
strategic sales and marketing alliance with Record Holdings Pty
Limited (Record Holdings), an Australian, privately held company
specializing in digitizing the spoken word in court and legal
settings. As part of the new alliance, Tyler made a $15 million
investment in Record Holdings to help the company more rapidly
expand in the U.S. and now holds convertible preferred stock
representing a 20 percent interest in the company. The two
companies will also share certain revenues in the future.
Record Holdings is based in Brisbane and operates primarily in
Australia through its subsidiary, Auscript Australasia Pty Ltd
(Auscript). Auscript is the leading provider of court transcript
services in Australia. In 2013, Record Holdings acquired For The
Record (FTR), a U.S. company. Founded in 1993, FTR is the global
leader of digital recording software and hardware integration
services to courts in the U.S., Canada and throughout the world,
with over 27,000 installations in 61 countries. The firm’s clients
are typically court administrators and court clerks.
Tyler plans to leverage Record Holdings’ international expertise
and relationships, particularly in Australia and the British
Commonwealth, making Odyssey® court case management system
available to courts beyond Tyler’s traditional U.S. market.
FTR markets FALCON, a complete digital evidence recording
platform for court administrators, clerks and support staff. FTR
offers a diverse product suite:
- Reporter™ is a multi-channel digital
recording solution
- Interrogator™ provides digital
audio-visual recordings for law enforcement interviews
- Monitor™ centrally monitors and
remotely controls court proceedings
- Log Notes™ annotates recordings
- Manager™ stores and archives digital
recordings
- LiveCopy™ distributes court recordings
on demand
- Player™ provides full playback control
of the record
- Court.fm™ delivers near-live access to
court recordings
- Transcript Express™ is FTR’s newest
innovation for online management of the courtroom, audio
distribution, transcription process, managing assignments,
receiving payments, delivering transcripts and more, all in real
time
“FTR’s products are a natural extension to the comprehensive
solution that Odyssey provides to courts. By partnering with FTR
and building integration between our products, both Tyler and FTR
will help our clients operate more efficiently,” said Bruce Graham,
president of Tyler’s Courts & Justice Division. “We look
forward to the companies’ sales and marketing teams collaborating
to identify and pursue opportunities for Tyler to grow
internationally, and for FTR to accelerate its expansion in the
U.S.”
In total, Odyssey serves more than 100 million residents, a
third of the U.S. population, in more than 600 counties across 21
states. Odyssey has been successfully deployed statewide in
Indiana, Minnesota, New Hampshire, New Mexico, North Dakota and
South Dakota; statewide implementations in Idaho, Maryland, Oregon,
Rhode Island and Washington are currently underway.
About Record Holdings Pty
Ltd.
Brisbane-based Record Holdings is the owner of For The Record
(FTR) and Auscript. For The Record is the most tested and trusted
digital evidence recording platform in the world. 20 years ago, FTR
pioneered the technologies that have become the industry standard
for digitizing the spoken word. Its development operation, FTR
Labs, is headquartered in Brisbane, with an additional development
facility in Perth. FTR’s sales and support team are based in
Denver, Colorado and Phoenix, Arizona, and the company also has a
presence throughout Asia Pacific, Europe, the Middle East and
Africa. Auscript has been trusted for more than 90 years to
capture, store, distribute and transcribe public and confidential
records. With the highest published quality ratings in the country,
Auscript is the market leader in mission-critical recording and
transcription services for justice, business, government, and law
enforcement clients in Australia. More information about Record
Holdings and FTR can be found at www.auscript.com.au and
www.ftr.com.
About Tyler Technologies,
Inc.
Tyler Technologies (NYSE: TYL) is a leading provider of
end-to-end information management solutions and services for local
governments. Tyler partners with clients to empower the public
sector — cities, counties, schools and other government entities —
to become more efficient, more accessible and more responsive to
the needs of citizens. Tyler’s client base includes more than
11,000 local government offices in all 50 states, Canada, the
Caribbean, the United Kingdom and other international locations.
Forbes has named Tyler one of “America’s Best Small Companies”
eight times and the company has been included four times on the
Barron’s 400 Index, a measure of the most promising companies in
America. More information about Plano-based Tyler Technologies can
be found at www.tylertech.com.
Jetstream PR for Tyler TechnologiesTony Katsulos, 972-788-9456,
ext. 301katsulos@jetstreampr.comorSAS Media &
CommunicationsMalcolm Cole, + 61 7 3171
2960malcolm.cole@sasmedia.net.au
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