Tyler Technologies, Inc. (NYSE: TYL) announced today that seven Utah counties have signed contracts to purchase Tyler's EagleSoftware(TM) integrated land records solutions. The seven counties, which are members of Utah's Multi County Computer Trust, include Washington, Juab, Sevier, Summit, Millard, Kane, and Iron counties. The contracts include a number of Tyler software applications, including EagleRecorder(TM), EagleClerk(TM), EagleOCR(TM), EagleAppraiser(TM), EagleAssessor(TM), EagleAuditor(TM) and EagleTreasurer(TM) software, as well as implementation services and ongoing maintenance and support. In addition to contracting with Tyler for its EagleSoftware land records solution, several of the counties also purchased Tyler's INCODE financial software. The total estimated value of the contracts is greater than $3 million.
These contracts mark the first installations of Tyler's new Java-based EagleSoftware as a totally integrated county-wide solution. "The powerful and configurable workflow in Tyler's EagleSoftware will tightly integrate our County Recorder, Clerk, Assessor, Auditor, and Treasurer offices. The ability to address the County's land records software needs with a single solution was an important aspect of our decision to choose Tyler," stated Alan Spriggs, Summit County Recorder and President of the Multi County Computer Trust. "Tyler was selected after a two year search during which many systems were considered. The Trust felt that Tyler's system was the best available. There is no question we will experience productivity gains across the various offices in each county."
Mr. Spriggs also indicated that the technology behind the software was an important aspect of choosing Tyler. "One of the key factors in selecting Tyler's EagleSoftware is the fact that the software does not force all the counties to use the same underlying database and operating system software. We were each able to choose the database and operating systems our IT departments are most familiar with, and to have continued flexibility in future years."
"The selection of Tyler Technologies' software by seven counties in Utah is a significant unveiling of Tyler's new Java-based, EagleSoftware suite of land records applications," stated Steve Nieman, President of Tyler's Eagle division. "Tyler's release of its EagleSoftware is an example of Tyler's commitment to grow its market share in the land records market in counties across the United States."
Tyler's EagleSoftware offers built-in workflow, geographic information system (GIS), optical character recognition (OCR), automated indexing, document management, public Web access, e-commerce capabilities, and Apex sketch integration, in addition to the core functionality required by Recorders, Clerks, Assessors, and Treasurers' offices. All applications are built upon the same open systems Java-based framework developed by Tyler.
Based in Dallas, Tyler Technologies is a leading provider of end-to-end information management solutions and services for local governments. Tyler partners with clients to make local government more accessible to the public, more responsive to needs of citizens, and more efficient. Tyler's client base includes nearly 6,000 local government offices throughout all 50 states, Canada, Puerto Rico and the United Kingdom. Forbes Magazine named Tyler one of the "200 Best Small Companies" in America in November 2004. More information about Tyler Technologies can be found at http://www.tylerworks.com .
Tyler Technologies, Inc. has included in this press release "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning its business and operations. Tyler Technologies expressly disclaims any obligation to release publicly any updates or revisions to these forward-looking statements to reflect any change in its expectations. These expectations and the related statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, changes in competition, changes in general economic conditions, changes in the budgets and regulatory environments of the Company's customers, risks associated with the development of new products and the enhancement of existing products, the ability to attract and retain qualified personnel, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.