Science & Technology
Science and Technology
Science and Technology 
Mon, January 26, 2009
Tyler Technologies Secures Pension Management Solution Contracts with Cities of Providence, RI and Winston-Salem, NC
DALLAS--([ BUSINESS WIRE ])--Tyler Technologies, Inc. (NYSE: TYL) announced today that it will improve the management of employee pension administration for two of the nation's 150 largest cities. The Cities of Providence, Rhode Island and Winston-Salem, North Carolina will each deploy Tyler's Pension Management solution under new contracts valued at a total of more than $1.1 million.
The agreement between Tyler and Providence includes three years of Tyler's Application Service Provider (ASP) services. As part of this service, Tyler will host and manage Providence's Pension Management applications and data at a secure Tyler facility. Moreover, Tyler will supply ongoing support, maintenance and upgrades for software, hardware and operating systems based on the ASP agreement.
"Tyler's Pension Management system is known for its functionality and features—all of which Providence stands to benefit from implementing. Tyler's solution will integrate with our Enterprise Resource Planning solution and provide us with the automation our current system lacks. We were impressed by the comprehensiveness of the solution and look forward to not only improving the administration of our pension plan, but to enhancing our services to our constituents," said Providence Finance Director Bruce T. Miller.
Providence, which has a population of approximately 172,000 and is the nation's 131st largest city, is a long-time client of Tyler's Appraisal & Tax solution. Providence recently entered a separate agreement of more than $1.6 million for reappraisal services. The City has used Tyler's property revaluation services several times prior to the latest contract and also runs Tyler's iasWorld assessment software.
Home to approximately 228,000 residents, which ranks it among the 100 largest cities in the United States, Winston-Salem will host and manage its own Tyler Pension Management system data. The City has selected Web-enabled access to the system, providing pension plan members convenient access to their data over the Internet.
"The continued success and growth of Tyler's Pension Management solution can be attributed to our commitment to meeting the specific needs of our clients. Add to that the flexibility and depth of the system and it's easy to understand why Tyler has earned a strong reputation for delivering a quality solution to ease the administration of pension plans," commented, John S. Marr, Jr., president and chief executive officer of Tyler Technologies.
Built on the Microsoft® .NET framework, Tyler's Pension Management system gives public sector agencies a solution that is both powerful and highly customizable. Implementation provides pension plan administrators with improved information management and faster business processing.
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.