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Date Posted: 9/12/2007

Tyler Technologies Acquires EDP Enterprises, Inc. to Expand Presence in Education Market

 
 
DALLAS--(BUSINESS WIRE)--Tyler Technologies, Inc. (NYSE: TYL - News) today announced that it has acquired all the common stock of EDP Enterprises, Inc. (EDP) of Longview, Texas. EDP develops and sells financial and student information management systems for public school districts in Texas.

EDP was founded in 1981 and has installed systems in more than 80 public school districts throughout the state of Texas. EDP had annual revenues of more than $4.5 million in its last fiscal year and has approximately 50 employees.

The addition of EDP further expands Tyler's nationwide presence in the K-12 school market. Tyler has complete education management solutions to address the financial and student information management system needs of any size school or district.

"The acquisition of EDP complements our strong financial management solutions and adds to our developing presence in the education management market. This transaction gives Tyler an established regional customer base in the K-12 schools market that we will continue to expand," commented John S. Marr, Jr., Tyler's president and chief executive officer. "EDP brings long-standing customer relationships, skilled professional staff and quality products. This transaction, together with our other recent acquisitions, demonstrates our commitment to the education software market."

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 6,000 local government offices throughout all 50 states, Canada, Puerto Rico and the United Kingdom. In April 2007, Tyler was named 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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