Plano-based Tyler Technologies Signs Record $85 Million Software Contract

Tyler Technologies, one of North Texas' biggest software companies, has signed its largest single contract yet — a 10-year deal worth nearly $85 million.The Plano-based company sells a range of software products to schools, cities and other government offices. This contract is more than two times the size of any contract in the company's history, according to Brian Miller, Tyler's chief financial officer and executive vice president. This contract is for Tyler Technologies' Odyssey suite of criminal justice-based software products. The North Carolina Administrative Office of the Courts and North Carolina Judicial Branch will use Odyssey to create a “virtual courthouse” that provides statewide e-filing and better online access. "We look forward to helping North Carolina empower its legal community with tools that will improve all aspects of court case management," Rusty Smith, president of Tyler's Courts & Justice Division, said in a statement. It's the company's 15th statewide contract using Odyssey, and the largest statewide use by population. Tyler's Odyssey system is also used in local courts in 11 other states. The company has been a dominant force in local-level public sector contracts. In 2018, Tyler Technologies made $935.3 million in its 29th straight quarter of double-digit growth. It has been growing largely through acquisitions, with two acquisitions this year, including a record-breaking $185 million cash deal. In 2018, it spent $175 million on five deals.  Continue reading...