24.06.2008 12:03:00
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Tyler Technologies Wins Two Financial Management Solution Clients in Midwest
Tyler Technologies, Inc. (NYSE: TYL) announced today that it has signed
agreements with the Village of Bensenville, Illinois, and the Minnesota
Historical Society (St. Paul, Minnesota) to implement its MUNIS
financial management solution. In total, the two contracts are worth
nearly $1 million.
Both Bensenville and the Minnesota Historical Society (MHS) will
implement applications from Tyler’s MUNIS
financial and revenue product suites. Each client has invested in
several integrated solutions, including Tyler GoDocs, Tyler Forms
Processing, MUNIS Office, MUNIS Business Office and Tyler Content
Manager for MUNIS. Both expect to enhance the overall approval process
within their organizations using the MUNIS system’s
electronic workflow.
The Village of Bensenville, which is located in DuPage County and has a
population of approximately 20,700, has contracted for Tyler’s
Application Service Provider (ASP) services. With this Software as a
Service solution, Tyler will host and manage Bensenville’s
MUNIS applications and data at Tyler’s secure
facility. Additionally, Tyler will supply ongoing support, maintenance
and upgrades for software, hardware and operating systems based on the
ASP agreement.
Ed Bowser, network administrator for Bensenville, explained that Tyler’s
ASP services best fit the needs of the Village. "I
am the only staff member handling network issues. While I do my best to
keep an eye on our critical systems, projects and workflow issues
consume much of my time. With Tyler’s ASP
solution in place, we feel confident that our most critical software
solution—MUNIS—will
receive its due diligence in maintenance, backups and upgrades. Having
the Tyler team in our corner is of benefit to staff at all levels.
Knowing I can concentrate on other projects to support staff and
ultimately our constituents is a major plus in both the eyes of senior
staff members and the Board,” he stated.
Bowser explained that the Village is looking forward to the integration
that Tyler’s MUNIS solution offers. "The
MUNIS solution will link all data across departments, creating an
easy-to-use solution for Bensenville. In selecting a financial
management solution, we looked for ease of use, public sector expertise
and quality support. Tyler’s solution will
deliver this,” he said.
The Minnesota Historical Society (MHS) is a non-profit organization
dedicated to the preservation of the state’s
rich history. In addition to software licenses, the MHS contract
includes associated professional services, maintenance and support. The
MHS has also purchased Operating System/Database Administration services
from Tyler. The MHS consists of 26 historic sites and museums across
Minnesota.
Thomas Krolak, director of finance for the MHS, believes the Society
will benefit from the integration and workflow features of Tyler’s
MUNIS solution. "Tyler’s
MUNIS system offers automated online approvals and routing for
requisitions and budgets—features that are
crucial to the Minnesota Historical Society’s
overall operating efficiency. The solution also provides the enhanced
electronic data features—attachments,
downloads/uploads, program integration and data storage—that
we require. We appreciate the enhanced reporting capabilities and the
ability to track projects. Tyler’s solution
will enable us to provide real-time financial information and reporting
to 26 remote sites and all program areas,” he
explained.
"Tyler is pleased to welcome the Village of
Bensenville and the Minnesota Historical Society as our two newest
clients in the Midwest. Our MUNIS financial management solution will
provide them both with the ability to integrate information across all
facets of their organization, improving their overall operations. Tyler
looks forward to long-term partnerships with both Bensenville and the
Minnesota Historical Society and anticipates continued growth in the
Midwest region,” stated Richard Peterson,
Jr., president of Tyler’s MUNIS Financial
Management Solutions.
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” 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 the forward-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 economic conditions, 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, the ability 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.
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