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Tue, December 29, 2009
Mon, December 28, 2009

Tyler Technologies Signs Five-Year Application Service Provider Contract with Enfield, Connecticut


Published on 2009-12-28 05:40:14 - Market Wire
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DALLAS--([ BUSINESS WIRE ])--Tyler Technologies, Inc. (NYSE: TYL) will enable the Town of Enfield and its Board of Education to enhance reporting, workflow, and customer service by providing its Munis® ERP (Enterprise Resource Planning) solution. The solution is backed by a support infrastructure built entirely to support the unique needs of municipalities and schools.

"It also gives us a highly available solution with full disaster recovery services and provides a higher level of service from system experts. Our onsite technical resources will be free to focus on local support of the network, end-user devices and report writing."

Enfield has invested in a full range of Tyler's Munis financial, human capital and citizen service applications. Under the five-year agreement, Tyler will host Enfield's Munis software applications and data at its secure facility. Tyler will provide ongoing support, maintenance and upgrades for software, hardware and operating systems. The contract is valued at more than $1.4 million.

"The ASP option will keep us current with hardware and networking technologies through upgrades and system enhancements," commented Paul Russell, chief technology officer for Enfield. "It also gives us a highly available solution with full disaster recovery services and provides a higher level of service from system experts. Our onsite technical resources will be free to focus on local support of the network, end-user devices and report writing."

Russell said Enfield expects to reap multiple benefits from implementation of Tyler's fully integrated solution. "Enfield looks to improve financial management for the Town and Board of Education through the enhanced reporting, dashboards and standard reports available in Munis."

He also believes using Tyler's software will automate manual and redundant processes with its built-in workflow features and improve customer service with the Citizens Self Service portal. Applicant Tracking and Employee Self Service will ease management of human resource-related information.

"Tyler's Munis system has a proven reputation for meeting the needs of municipalities and schools such as Enfield," said Richard E. Peterson, Jr., president of Tyler's ERP & School Division. "We're happy to have been selected and look forward to enabling Enfield to operate more efficiently with our fully integrated ERP solution."

Located between Hartford, Connecticut and Springfield, Massachusetts, Enfield is home to more than 45,000 residents and extends over 33 square miles. Enfield Public Schools educates 6,500 students from pre-kindergarten through 12th grade.

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.

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