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Ei Dynamics Sky



Date Posted: 5/13/2008

Tyler Technologies Reinforces Commitment to Expansion in Lubbock with New Development Project


Press Conference Scheduled To Unveil Plans For Two New 75,000 sq.ft. Office Buildings
 
 
DALLAS--(BUSINESS WIRE)--Tyler Technologies, Inc. (NYSE: TYL - News), a leading provider of end-to-end information management solutions and services for local governments, announced plans for a real estate investment that will create a major new Class A office development in Lubbock. The company has purchased approximately seven acres of land and is set to construct two 75,000 square-feet, three-story office buildings at the southwest corner of Chicago Avenue and 53rd Street. Tyler’s strong growth and success in the marketplace have led to significant expansion of its operations in Lubbock. This development signifies Tyler’s commitment to continued growth in the area, as well as its commitment to provide its employees with a state of the art working environment.

“Since the early 1980’s, Tyler Technologies’ INCODE division has made a home for itself in Lubbock and has experienced tremendous growth and success,” said Tyler Technologies Executive Vice President Dustin R. Womble. “A skilled and technically sophisticated workforce, strengthened by the impressive resources available from Texas Tech University and Lubbock Christian University, make Lubbock an attractive business location for Tyler, and a place where we intend to continue to expand our nationally focused operations.”

Construction on the first of the new buildings will begin in September of this year. Tyler Technologies will consolidate its Lubbock based workforce, which currently numbers approximately 200 employees, in the new building from three separate facilities across the city. The initial new building will house up to 350 employees, providing Tyler with space to accommodate planned long-term growth. Plans for the site include a twin second building which would be occupied by other tenants or provide space for long term expansion by Tyler.

The design of the new office building will be reminiscent of the architectural style of Texas Tech University’s campus and constructed of architectural panels, masonry and glass with a clay tile roof. The new office buildings will be the largest commercial green buildings in Lubbock and are designed to be Leadership in Energy and Environmental Design (LEED) certified by the U.S. Green Building Council (USGBC), a third party participation program and the nationally recognized benchmark for the design, construction and operation of high performance green buildings. The buildings’ many green components will include:

Integrated building energy management system
Recycled construction debris and materials
Regionally extracted and manufactured building components
Alternative refrigerants
Non odorous and irritating indoor construction materials
Climate-specific, drought resistant plants
Parking for low emitting & fuel efficient vehicles
Automatic, solar powered faucets

“Tyler Technologies has been an important part of Lubbock for many years, providing local jobs and opportunities for citizens, students and recent graduates,” said LEDA Director of Business Retention Kenny McKay. “Companies like Tyler Technologies recognize that an investment in Lubbock not only makes good business sense but also helps grow a community rich in history and technical talent.”

A press conference is scheduled for May 12 at 10:00 a.m. CDT and will be held on the 15th floor of the Lubbock Club at the Wells Fargo Bank Building. The conference will feature representatives from Tyler including Corporate Executive Vice President Dustin Womble, as well as Tyler’s INCODE Division President Brett Cate, and Vice President of Development Sandy Peters. Kenny McKay, Director of Business Retention for LEDA will also participate.

For more information or to attend the press conference, please contact Ashley Johnson (Ashley@vollmerpr.com)/(972) 488-4790 at VOLLMER PR.

About Tyler Technologies

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 employs approximately 1,800 professionals nationwide and 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. Tyler’s Lubbock-based INCODE division develops, implements and supports a broad line of integrated software applications which are used by local governments to manage their daily operations. These applications span the needs of financial management, public safety, municipal courts, public works and building permits. 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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