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December 2022 Investor News

12/01/2022
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Volume 6 | Issue 4

Notable Contracts and Announcements

Notable Contracts*

  • Cypress-Fairbanks ISD, TX – School Transportation
  • Pierce County, WA – Enterprise Assessment & Tax
  • Hidalgo County Sheriff, TX – Enterprise Public Safety
  • Alabama Alcoholic Beverage Control Board – Digital government and payment services
  • Alachua County, FL – Enterprise ERP
  • City of South Fulton, GA – ERP Pro

Tyler signs $54 million agreement with the U.S. Department of State

Tyler signs $54 million agreement with the U.S. Department of State.
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Arizona Supreme Court selects Tyler’s Enterprise Supervision solution

Arizona Supreme Court selects Tyler’s Enterprise Supervision solution.
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Yuba County, CA, improves permitting process with Tyler’s solution

Yuba County, CA, improves permitting process with Tyler’s solution.
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Arizona State Parks and Trails goes live with reservation and call center solution from Tyler

Arizona State Parks and Trails goes live with reservation and call center solution from Tyler.
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Tyler extends its contract for digital government and payment solutions in Kansas

Tyler extends its contract for digital government and payment solutions in Kansas.
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NIC state partners receive 2022 Government Experience Awards

NIC state partners receive 2022 Government Experience Awards.
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*The above list shows a selection, not a comprehensive list, of Tyler’s recent contract signings to demonstrate the variety of Tyler’s solutions.

Tyler Leaders Participate in National Association Tradeshows

tradeshow

Tyler leaders had a busy fall, attending three association tradeshows, including NASCIO (National Association of State Chief Information Officers), ICMA (International City/County Management Association), and NLC (National League of Cities), where they were able to network with local and state government clients. Here are a few highlights from recent association engagements:

  • In October in coordination with NACo (National Association of County Officers), Tyler highlighted the important work of client Fulton County, Georgia, who showcased its use of Tyler’s Data & Insights platform to help solve deeply rooted issues in health and criminal justice. Fulton County is now able to track data on housing, homelessness, medical treatment, pre-arrest, court, and re-entry. Having a centralized solution allows various agencies to have insight into both larger datasets and a single individual’s treatment journey. One of the first data sets produced tracked the 100 people arrested most frequently in Fulton County. Administrators discovered that many of them had persistent mental health issues and had been seen by multiple healthcare providers. Previously, with each agency tracking data separately, there was no way to put together a single patient’s history. Now, if they are arrested again, law enforcement can view their history, and take proper care, transporting them to a healthcare facility instead of jail.

  • In November at NLC’s City Commissioners and Mayors conference, Tyler moderated a cybersecurity panel featuring IT government leaders and published a thought leadership blog on the benefits and practice of cybersecurity in government.

Investor Insights

Tyler CFO Brian Miller discusses the recent acquisition of Rapid Financial Solutions.

Rapid is a leading provider of card issuance services and digital disbursements, focused primarily on courts, county offices, and correctional facilities. Rapid provides services including juror payments, restitution, inmate release, and probation to more than 1,500 customers nationwide.

We see significant opportunity in adding these scalable and flexible disbursement capabilities to our current payment offering, which is focused on the acquiring side of payments (handling payments from individuals and businesses to government). It rounds out our payment offering and allows us to meet a growing demand within our local, state, and federal customer base to securely and efficiently pay out funds from government to businesses and individuals. This could include everything from state entitlement programs (i.e. unemployment or emergency relief funds) to digital accounts payable and payroll services added to our current products.

We also see value in layering in Tyler’s data and insights portal to provide government entities real-time visibility on disbursement programs, enhanced fraud monitoring, and efficient oversight.

Corporate Responsibility

The 2022 S&P Corporate Sustainability Assessment (CSA) benchmarked Tyler against 332 industry peers, recognizing Tyler in the 96th percentile, a 3% increase year-over-year. Material areas of notable gain include IT security, privacy protection, and human capital development.

The 2023 DJSI Index inclusion will be announced on December 9 and is important to all Tyler stakeholders and broadens the company’s potential shareholder universe.

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