NYSE: TYL
Sectors:
Business Software & Services
Computer Software
Application Software
Information & Delivery Services
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Highlights:
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State and local government and primary and secondary education annual spending for applications and vertical-specific software is currently estimated at $15 billion, with a compound annual growth rate of approximately 2.9 percent forecast through 2015. -
Tyler is continuing to enhance its offerings of products and services to add value to local governments, adding features such as Web-based solutions for real-time public access to a variety of public information, electronic commerce solutions for traffic tickets, utility bills and taxes. Competition includes regional and local technology firms that offer limited products and services. Often, these small companies lack the resources for the development needed to keep pace with technology advancements. In contrast, Tyler has the widest breadth of products in the industry, providing an integrated system of applications for several different government offices within the same jurisdiction. Tyler provides customers with the latest technology available and has invested significantly in product development over the last two years. - The company is profitable and has experienced above-market growth rates from its core business. Substantial growth opportunities from sales to new customers, additional sales to existing customers and new product offerings have the potential to accelerate growth.
Summary
Tyler Technologies is a leading provider of integrated, end-to-end information management solutions and services to local governments. Headquartered in Dallas, Texas, the company provides software & services to more than 11,000 local government offices throughout all 50 states, the US Virgin Islands, Canada, Puerto Rico, and the United Kingdom. These mission-critical applications provide counties and municipalities with the ability to streamline and automate operations, resulting in improved productivity and reduced costs. Tyler’s professional services for local government clients include consulting, network design and management, installation, conversion, customization, training, and ongoing support. Tyler Technologies’ business units have provided software and services to customers for an average of 20 years and have long-standing reputations in the local government market for quality products and customer service. Tyler Technologies is now the largest company solely focused on providing software and services to the local government market. Tyler has the broadest product line in the industry, a national presence, a loyal customer base and “best of breed” products.
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