Science & Technology
Science and Technology
Science and Technology
Tue, February 24, 2009
Tyler Technologies Wins $2.1 Million Contract with City of Bridgeport, CT for Financial Management Software
DALLAS--([ BUSINESS WIRE ])--Tyler Technologies, Inc. (NYSE: TYL) has signed an agreement to provide the City of Bridgeport, Connecticut with its financial management solution. The agreement, which is valued at more than $2.1 million, includes software licenses, related professional services, ongoing maintenance and support.
Under the contract, both the City of Bridgeport and Bridgeport Public Schools, which share a common database, will use a comprehensive suite of Tyler's MUNIS financial management software. Bridgeport will implement Tyler's Citizen, Vendor and Employee Self Service applications to enable Web access to information and online business transactions. It will also improve reporting with GASB 34 Reporter and Business Objects, as well as enhance document management with Tyler Content Manager Limited Edition.
Bridgeport will deploy its Tyler applications via the role-tailored dashboard option. In addition to software, the City has invested in Disaster Recovery and Operating System Database Administration services.
"The City of Bridgeport and its School District will gain direct access to real-time data by implementing Tyler's financial management solution. Our integrated solution will provide them with the workflow, reporting and Web capabilities they desire. We are pleased to have been selected and look forward to a long-term partnership," commented Richard Peterson, Jr., president of Tyler's MUNIS Financial Management Solutions.
"Tyler's financial management solution is well suited to the needs of the City of Bridgeport and the Board of Education," said Mayor Bill Finch. "We sought a fully integrated system with transparent workflow and reliable data that would enable our policymakers to make both timely and accurate decisions. It was important that we choose a system that will enable us to procure items, monitor staffing issues and manage resources at our various locations. We believe Tyler's solution will do this for us."
Located at the mouth of the Pequonnock River on Long Island Sound, Bridgeport is Connecticut's largest city. The Park City, as it is known, is home to approximately 137,000 residents. Bridgeport Public Schools serves over 21,200 students from pre-Kindergarten through twelfth grade at 41 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.
