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March 2024 Investor News

03/04/2024

Volume 8 | Issue 1

Notable Contracts*

  • City of St. Paul, MN – Enterprise Permitting & Licensing
  • City of Lauderhill, FL – Enterprise ERP
  • Rensselaer County, NY – Enterprise Public Safety
  • McLennan County, TX – Enterprise Corrections
  • State of Hawaii – Outdoor Recreation
  • Clermont County, OH – Appraisal

Tyler named to Forbes Best Large Employers list for 2024.
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Tyler announces its Q4 2023 earnings.
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Tyler signs agreement with California State Parks.
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State of Idaho to transition from on-premises to SaaS deployment.
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Tyler and AWS announce strategic collaboration agreement.
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RI Dept. of Business Regulation selects Tyler’s state regulatory platform.
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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 Celebrates 10 Years of E-Filing Success in Texas

Tyler recently announced the impressive milestone and success of 10 years of mandatory electronic filing (e-filing) in all 254 counties in the state of Texas, in close partnership with the Texas Office of Court Administration (OCA).

Together over the past decade, Tyler and the Texas OCA have achieved notable milestones related to e-filing, including:

  • More than 100 million filings and 75 million envelopes, equating to almost 750 million sheets of paper. When stacked, this translates to more than 47 miles high.
  • More than 760,000 registered e-filing users
  • More than 130,000 attorney users
  • Nearly 465,000 self-represented litigants
  • Nearly 22 million financial transactions collected and processed, representing $1.5 billion to keep the Texas court system running efficiently
  • Partnerships with 24 electronic filing service providers and 11 integrated case management system vendors

President of Tyler’s Courts & Justice Division Brian McGrath commented, “We’re so proud of the success of our long-standing partnership with the Texas OCA. The smooth rollout of this project has made Texas a model for other e-filing implementations in states like California, Illinois, Indiana, and Georgia. We are also proud to bring increased access to justice to self-represented litigants and the entire legal community.”

Tyler CFO Brian Miller comments on Tyler’s progress in transitioning clients to the cloud, as well as the recently announced Strategic Collaboration Agreement with AWS.

2023 was a pivotal year in our cloud transition. Our SaaS mix expanded to 89% of new software contract value and recurring revenue growth was nearly 10% for the year. We have also seen a steady increase in the pace of on-premises flips, which are conversions of existing clients to our AWS-powered public cloud-based solutions. We signed 340 flips in 2023, and we expect that pace to accelerate as we progress toward our 2030 goals.

Speaking of AWS, we announced an expanded eight-year Strategic Collaboration Agreement (SCA) with AWS, with plans to further enable the growing demand for Tyler clients and public sector agencies to move to the cloud. Specifically, under the expanded SCA, Tyler and AWS will expand their framework and shared programs to streamline migrations from on-premises solutions to Tyler’s next-generation cloud applications. This can help both new agencies and existing customers to quickly adopt and leverage new technologies to service their constituents, provide transparency of operations, and further empower those employees who serve the public.

We have tremendous optimism for 2024 to complete our cloud optimization initiatives and execute our planned exit of our first data center in mid-2024, with the second scheduled in 2025. Our guidance for 2024 reflects that optimism, with acceleration in growth and a return to operating margin expansion. We look forward to reporting our progress throughout the coming year.

At Tyler, we believe that continuous improvement against our key business drivers further supports our mission to empower the public sector to create smarter, safer, and stronger communities. Our corporate responsibility initiatives include conducting a double materiality assessment – meaning that we collect data and report on financially material topics that influence enterprise value as well as topics material to the economy, environment, and people. We completed our most recent research in January 2024 and gathered key data and insights from valued stakeholders to help inform Tyler’s future corporate responsibility strategic initiatives. These highlights will be shared in our fifth annual 2023 Corporate Responsibility Report which will be released in the Spring of 2024. Take a look at our previous reports here.

Our more than 7,300 Tyler employees are dedicated to advancing our vision of a transformed public sector. We foster a sense of belonging for every employee, and recent national observances have provided an opportunity to enhance culture and drive value for one of Tyler’s greatest assets – its people. In February, we celebrated Black History Month and presented opportunities for internal education to inspire learning and spark conversations. This March, we want to recognize the important work of Tyler’s Women’s Leadership Network (WLN) whose mission is to empower the professional development of women at Tyler by championing opportunities and initiatives for career growth, advancement, and ongoing support. Established in 2017, the WLN supports this important internal stakeholder group to achieve their full potential.


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