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Tyler Technologies Signs Property Revaluation Contracts Valued at More Than $10 Million with 23 Indiana Counties

Mon. November 02, 2009; Posted: 07:33 AM
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DALLAS, Nov 02, 2009 (BUSINESS WIRE) -- TYL | Quote | Chart | News | PowerRating -- Tyler Technologies, Inc. (NYSE: TYL | Quote | Chart | News | PowerRating) announced today that it has reached agreements with 23 Indiana counties to provide its property reappraisal services for the 2012 general reassessment. The combined value of these contracts, which have been executed over the last few quarters, exceeds $10 million.

The revaluations are part of a state-mandated general assessment, which requires a property appraisal of real property in each county.

Twelve of the 23 counties are current Tyler clients. New clients include Dearborn, Jackson, Jefferson, Owen, Parke, Porter, Ripley, Spencer, Vermillion, Washington, and White counties.

Counties partnering with Tyler include the following, listed in alphabetical order:

-- Bartholomew County (Columbus), 75,000 residents

-- Clay County (Brazil), 27,000 residents

-- Crawford County (English), 10,000 residents

-- Dearborn County (Lawrenceburg), 50,000 residents

-- Dubois County (Jasper), 41,000 residents

-- Greene County (Bloomfield), 32,000 residents

-- Jackson County (Brownstown), 42,000 residents

-- Jefferson County (Madison), 33,000 residents

-- Jennings County (Vernon), 28,000 residents

-- Johnson County (Franklin), 139,000 residents

-- Owen County (Spencer), 22,000 residents

-- Parke County (Rockville), 17,000 residents

-- Perry County (Tell City), 19,000 residents

-- Porter County (Valparaiso), 162,000 residents

-- Ripley County (Versailles), 27,000 residents

-- Scott County (Scottsburg), 24,000 residents

-- Spencer County (Rockport), 20,000 residents

-- Sullivan County (Sullivan), 21,000 residents

-- Tippecanoe County (Lafayette), 164,000 residents

-- Vermillion County (Newport), 16,000 residents

-- Warrick County (Boonville), 58,000 residents

-- Washington County (Salem), 28,000 residents

-- White County (Monticello), 24,000 residents

"Tyler's understanding of state-specific requirements and our seasoned appraisal staff make us well suited to fulfill the property reassessment needs of Indiana," commented David J. Johnson, president of Tyler's CLT Appraisal Services. "We're pleased to have been chosen and look forward to working together with counties to meet state requirements."

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 enable the public sector--cities, counties, schools and other government entities--to become more efficient, more accessible, and more responsive to the needs of citizens. Tyler's client base includes more than 8,000 local government offices throughout all 50 states, Canada, Puerto Rico and the United Kingdom. Tyler has been named one of "America's 200 Best Small Companies" for three consecutive years by Forbes Magazine. More information about Tyler Technologies can be found at www.tylertech.com.

This document may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are not historical in nature and typically address future or anticipated events, trends, expectations or beliefs with respect to our financial condition, results of operations or business. Forward-looking statements often contain words such as "believes," "expects," "anticipates," "foresees," "forecasts," "estimates," "plans," "intends," "continues," "may," "will," "should," "projects," "might," "could" or other similar words or phrases. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. We believe there is a reasonable basis for our forward-looking statements, but they are inherently subject to risks and uncertainties and actual results could differ materially from the expectations and beliefs reflected in the forward-looking statements. We presently consider the following to be among the important factors that could cause actual results to differ materially from our expectations and beliefs: (1) economic, political and market conditions, including the recent global economic and financial crisis, and the general tightening of access to debt or equity capital; (2) our ability to achieve our financial forecasts due to various factors, including project delays by our customers, reductions in transaction size, fewer transactions, delays in delivery of new products or releases or a decline in our renewal rates for service agreements; (3) changes in the budgets or regulatory environments of our customers, primarily local and state governments, that could negatively impact information technology spending; (4) technological and market risks associated with the development of new products or services or of new versions of existing or acquired products or services; (5) our ability to successfully complete acquisitions and achieve growth or operational synergies through the integration of acquired businesses, while avoiding unanticipated costs and disruptions to existing operations; (6) competition in the industry in which we conduct business and the impact of competition on pricing, customer retention and pressure for new products or services; (7) the ability to attract and retain qualified personnel and dealing with the loss or retirement of key members of management or other key personnel; and (8) costs of compliance and any failure to comply with government and stock exchange regulations. A detailed discussion of these factors and other risks that affect our business are described in our filings with the Securities and Exchange Commission, including the detailed "Risk Factors" contained in our most recent annual report on Form 10-K. We expressly disclaim any obligation to publicly update or revise our forward-looking statements.

SOURCE: Tyler Technologies, Inc.

Tyler Technologies, Inc. 
Brian K. Miller, 972-713-3720 
Executive Vice President - CFO 
brian.miller@tylertech.com
For full details on Tyler Technologies (TYL) click here. Tyler Technologies (TYL) has Short Term PowerRatings of 5. Details on Tyler Technologies (TYL) Short Term PowerRatings is available at This Link.

    


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