Tyler Technologies, Inc. (NYSE: TYL) announced that its board of
directors has increased the company's common stock repurchase
authorization by 2 million shares. The shares may be repurchased
periodically in the open market or through negotiated transactions. The
amount and timing of purchases under the program will be subject to,
among other things, the price and availability of Tyler's shares and
general market conditions. The repurchased shares may be reserved for
later reissue in connection with employee benefit plans and other
general corporate purposes.
Since June 30, 2011, Tyler has repurchased approximately 1,476,000
shares of its common stock at a total cost of approximately $35.7
million. Tyler may repurchase up to an additional 2.3 million shares
under the current authorization from its board of directors.
About Tyler Technologies, Inc.
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 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 9,000 local government offices
throughout all 50 states, Canada, the Caribbean and the United Kingdom. Forbes
Magazine named Tyler as one of "America's 200 Best Small Companies" for
three consecutive years. More information about Tyler Technologies can
be found at www.tylertech.com.
Tyler Technologies, Inc.
Brian K. Miller, 972-713-3720
Executive
Vice President - CFO
brian.miller@tylertech.com