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Date Posted: 8/20/2008

Tyler Technologies Secures Contract with Allegheny County Retirement Board for Pension Management Solution

 
 
DALLAS--(BUSINESS WIRE)--Tyler Technologies, Inc. (NYSE: TYL - News) announced today that it has reached an agreement with the Retirement Board of Allegheny County, Pennsylvania to provide Tyler’s Pension Management solution for the administration of the Allegheny County Employees Retirement Fund. The contract includes software licenses, as well as related professional services, ongoing maintenance and support.

Allegheny County Retirement Board President and County Treasurer John Weinstein commented on the County’s decision to purchase the new Pension Management solution. “Allegheny County sought to replace its archaic system with a comprehensive pension administration solution — one that integrates technology with the County’s other financial applications. Tyler’s Pension Management solution will accomplish this for us. Ultimately, we’re looking to increase efficiencies related to the management and administration of our employee pension fund, which serves over 7,000 active members, and 4,500 retirees which are currently pensioners. Implementing this new system will enable us to improve service to plan members by providing them with self-service tools to check account balances and calculate retirement benefits via the Internet. The system will also automate correspondence to both plan members and County personnel with integrated forms and comprehensive reporting.”

Tyler’s Pension Management system provides public sector agencies with a highly customizable solution for managing their pension plans. Built on the Microsoft® .NET framework, the Web-enabled system gives individuals convenient online access to their account information. Allegheny County is the second county in Pennsylvania to invest in the Pension Management solution, which is compliant with the County Pension Law (Act 96) of the Pennsylvania state legislature.

The County is an existing Tyler client, running Tyler’s iasWorld property tax solution since 2002 to manage its property tax assessment, billing and administration functions.

John S. Marr, Jr., president and CEO of Tyler Technologies, believes the flexible design and ability of Tyler’s Pension Management solution to meet state of Pennsylvania requirements make it an excellent investment choice for Allegheny County. “Tyler’s focus on providing local government agencies with a Pension Management solution that offers not only extensive functionality, but also the flexibility to meet state-specific requirements makes it a solid match for Allegheny County and other counties in the state. Tyler is pleased to welcome Allegheny as the latest client to invest in our Pension Management solution,” he stated.

Allegheny County is the second largest county in Pennsylvania with 1.3 million residents. Pittsburgh, which is the 22nd largest metropolitan area in the United States, serves as the county seat. Home to several Fortune 500 companies, the county is centrally located to several major cities, including Philadelphia, Baltimore, New York and Washington, D.C.

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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