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Tyler Technologies Continues Growth in Texas School Market with Deer Park, Texas, School District Contract

^{Published on 2008-12-08 05:46:38 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--Tyler Technologies, Inc. (NYSE: TYL) announced today that the Deer Park Independent School District (ISD) of Deer Park, Texas, has signed a contract for the purchase of Tyler's financial management solution. The agreement includes software licenses, related professional services, maintenance and support.

Deer Park ISD becomes the tenth school district in Texas to invest in Tyler's MUNIS financial management solution—a reflection of Tyler's growing presence across the state. Deer Park ISD will implement a full suite of financial and human resource applications. The District will also improve reporting and document management with Tyler Business Objects, GASB 34 Reporter and Content Manager Limited Edition. The District has elected to deploy its Tyler applications using the role-tailored dashboard option. This Web-based tool, which operates on the Microsoft SharePoint platform, enables users to launch their Tyler system programs and additional applications from a single work area.

"Deer Park ISD expects to benefit from implementing Tyler's financial management solution in several important ways. Tyler's system will improve automation of routine, repetitive, recurring and reversing entries, as well as offer enhanced payroll and HR functionality and segregation of duties between departments," stated David Webb, chief financial officer for the District.

"We like the Accounts Payable functionality of the system. It offers a paperless environment and the opportunity for vendor direct deposit payments. The solution will ease the tracking of fixed assets and inventory for us. It features greatly improved functionality in purchasing, a vendor e-catalog interface and contract management," he added.

Webb explained that Tyler's solution will provide better access to financial information for Deer Park ISD's Board and for public reporting. He believes the role-based dashboard will make financial and other data readily available.

"Tyler is confident that Deer Park ISD will realize significant benefits from implementing our financial management solution. Our system is designed to enable public sector organizations such as the District to operate at their best. Improving efficiency by enhancing the management of financial data will enable Deer Park to focus on what matters most—educating students," commented Richard Peterson, Jr., president of Tyler's MUNIS Financial Management Solutions.

Located 20 miles southeast of downtown Houston, Deer Park ISD educates approximately 11,700 students from pre-kindergarten through grade 12 at 14 schools.

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 more than 7,000 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 two consecutive years by Forbes Magazine and one of "America's 100 Most Trustworthy Companies" by Audit Integrity, an independent research firm. More information about Tyler Technologies can be found at [ www.tylertech.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 theforward-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 economicconditions, 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, theability 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.