Tyler Technologies Completes Acquisition of MicroPact, Inc. from Arlington Capital Partners
PLANO, Texas--(BUSINESS WIRE)--Feb 28, 2019--Tyler Technologies, Inc. (NYSE: TYL) announced today that it has completed the previously announced acquisition of MicroPact, Inc., a leading provider of specialized, vertically oriented case management and business process management (BPM) applications for government.
Tyler acquired MicroPact from Arlington Capital Partners. Founded in 1997, MicroPact is based in Herndon, Va., employs 469 people, and has annual revenues of more than $70 million. Its client base of more than 350 top-tier public sector clients includes the Department of Justice, Department of the Treasury, Social Security Administration, and the National Aeronautics and Space Administration.
“The decision to acquire MicroPact is in line with Tyler Technologies’ long-term strategy to add products that complement our current offerings and will support our goals for long-term growth,” said Lynn Moore, president and chief executive officer of Tyler. “The acquisition also allows us to expand our business into new markets such as health and human services, as well as the federal market, and we look forward to having MicroPact’s team join our company.”
About Tyler Technologies, Inc.
Tyler Technologies (NYSE: TYL) is the largest and most established provider of integrated software and technology services focused on the public sector. Tyler’s end-to-end solutions empower local, state, and federal government entities to operate more efficiently and connect more transparently with their constituents and with each other. By connecting data and processes across disparate systems, Tyler’s solutions are transforming how clients gain actionable insights that solve problems in their communities. Tyler has more than 21,000 successful installations across 10,000 sites, with clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. A financially strong company, Tyler has achieved double-digit revenue growth every quarter since 2012. It was also named to Forbes’ “Best Midsize Employers” list in 2018 and recognized twice on its “Most Innovative Growth Companies” list. More information about Tyler Technologies, headquartered in Plano, Texas, can be found at tylertech.com.
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CONTACT: Jennifer Kepler
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE
SOURCE: Tyler Technologies, Inc.
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PUB: 02/28/2019 04:17 PM/DISC: 02/28/2019 04:17 PM