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Tyler Technologies (TYL) delivers essential software solutions that power modern government operations. This news hub provides investors and public sector stakeholders with timely updates on the company's strategic developments.
Access official press releases and curated analysis covering quarterly earnings, product innovations, and public sector partnerships. Our repository helps you track TYL's progress in digitizing court systems, municipal services, and educational administration through integrated technology platforms.
Discover updates on Tyler's ERP enhancements, cloud migration initiatives, and cybersecurity measures designed for government clients. Bookmark this page for streamlined access to financial disclosures and operational milestones that shape the future of civic technology.
Tyler Technologies (NYSE: TYL) updated its 2021 financial guidance following the acquisition of NIC Inc. This includes a projected GAAP revenue of $1.507 to $1.537 billion and non-GAAP revenue of $1.510 to $1.540 billion. NIC is expected to contribute approximately $310 million in non-GAAP revenue, with significant COVID-related impacts estimated at $57 million. GAAP EPS is forecasted between $3.58 and $3.74, with non-GAAP EPS ranging from $6.65 to $6.77. The company anticipates total capital expenditures of $40 million to $42 million and a pretax share-based compensation expense of around $100 million.
Tyler Technologies (NYSE: TYL) announced an agreement to acquire VendEngine for approximately $84 million in cash. This acquisition aims to enhance Tyler's offerings in the corrections market, serving over 300 facilities across 32 states. VendEngine is known for its innovative financial technology solutions that support incarcerated individuals and their families through services like digital messaging and educational opportunities. The transaction is expected to close in Q3, bringing significant growth potential and innovation to Tyler's corrections suite.
Tyler Technologies (NYSE: TYL) will share its fiscal year 2021 financial guidance and updates on the acquisition of NIC Inc. during a conference call on June 7, 2021. Hosted by CEO H. Lynn Moore Jr. and CFO Brian K. Miller at 10:00 a.m. ET, the event will be accessible via pre-registration or direct dial-in. A replay will be available until June 14, 2021. Tyler Technologies, established in Plano, Texas, provides integrated software and technology services for public sector entities, with over 27,000 installations in 11,000 sites worldwide.
Tyler Technologies (NYSE: TYL) has announced that the city of Amarillo, Texas, has successfully implemented the EnerGov civic services solution. This deployment includes the EnerGov citizen self-service solution, workforce applications, Tyler Content Manager, Tyler Cashiering, and electronic plan reviews. The initiative aims to enhance citizen access to information and improve inter-department connectivity. Initial benefits include reduced application processes, improved transparency, and more efficient resource management, making it easier for residents to engage with city services.
Tyler Technologies (NYSE: TYL) has secured a multi-year SaaS agreement with the city of Fresno, California, to implement its Munis® enterprise resource planning (ERP) solution. This agreement aims to improve financial management, human resources, utility billing, and streamline city operations through an integrated system. Fresno officials emphasized the need for modernization to enhance efficiency and transparency in their operations. The Munis solution will enable easier access to information, efficient workflows, and accountability among staff, ultimately benefiting the community.
Tyler Technologies (NYSE: TYL) announced that its redesigned Expresslane.org website, developed by NIC Louisiana, received two international awards: gold at the Hermes Creative Awards and silver at the MUSE Creative Awards. The site enhances government interactions for Louisiana citizens, offering services such as vehicle registration and driver's license renewals. Since its relaunch in January 2021, Expresslane.org has set new user records in January and March, indicating a significant improvement in digital experience for users.
Tyler Technologies (NYSE: TYL) will participate in four investor conferences in May and June 2021. These events include:
- Needham Virtual Technology & Media Conference on May 18
- William Blair Virtual Growth Stock Conference on June 2
- Evercore ISI TMT Conference on June 8
- Baird Global Consumer, Technology & Services Conference on June 10
Live webcasts for all discussions, except for the Baird conference, will be available on their investor presentation site.
NIC Utah has requested the cancellation of their press release regarding the redesign of Utah.gov, titled “Utah.gov Redesign Helps Utahns Conduct State Business Easily.”
This press release was issued in error, and NIC Utah has clarified that no replacement release will be distributed.
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