| NYSE: TYL |
| Sectors: |
| Computer Software |
| Application Software |
| Business Software & Services |
| Information & Delivery Services |
| Information Technology Services |
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| Investment Style: |
Cash Flow
Growth
Value
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| Highlights: |
| The state, local and municipal government market is one of the most decentralized information technology markets in the United States. In 2005, local government agencies spent approximately $44 billion on information technology; total annual expenditures are expected to grow to $55 billion in 2008. (Source: The Gartner Group) The market for information management in the public sector is growing, as local government agencies struggle to keep pace with the private sector’s initiatives to automate processes and provide Internet access. As the demand for improved service and greater access to public information increases, elected officials will look to companies like Tyler to meet these higher expectations for technology and to control costs. Moreover, cities and counties are finding it difficult to compete with the private sector in attracting and retaining qualified IT personnel. As a result, many rely on Tyler Technologies to meet their information technology needTyler 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 9,000 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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News: |
| Jul 29, 2010 |
Tyler Technologies to Provide Appraisal & Tax Software and Services to Allegheny County, Pennsylvania
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| Jul 28, 2010 |
Tyler Technologies Reports Earnings For Second Quarter 2010
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| Jul 22, 2010 |
Tyler Technologies Announces Second Quarter 2010 Earnings Conference Call and Webcast
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| Jul 15, 2010 |
Tyler Technologies and El Paso County, Texas Expand Partnership
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| Jul 13, 2010 |
Tyler Technologies Introduces Odyssey File & Serve
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| Jul 08, 2010 |
Tyler Technologies and Knox County, Indiana Sign Reassessment Contract
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| Jul 01, 2010 |
Tyler Technologies Signs Multi-Solution Contract with the City of Madison, Wisconsin
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| Jun 22, 2010 |
Tyler Technologies Strengthens Nationwide Presence
with Two Student Information System Contracts
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| Jun 16, 2010 |
Tyler Technologies Signs Contract for Appraisal & Tax Software with Olmsted County, Minnesota
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| Jun 08, 2010 |
Tyler Technologies Signs Reassessment Contract with Oconee County, South Carolina
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