Tyler Technologies Acquires PulseMark, LLC to Provide Specialized Information Warehouse Solutions
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DALLAS--(Business Wire)-- Tyler Technologies, Inc. (NYSE: TYL) announced today that it has completed the acquisition of PulseMark, LLC of St. Louis, Missouri. PulseMark provides specialized information warehouse solutions for the K-12 school and local government markets. PulseMark employs new data warehouse technologies and design to address the delivery of information to key users in a school district or local government organization. Its products offer more than a typical data warehouse product by allowing users to turn raw data into meaningful, aggregated information for ready-to-use supportive analytical decision making. PulseMark brings this new technology to the Tyler brand as well as a burgeoning client base for the K-12 school product, District Pulse. Most of PulseMark`s clients are based in Georgia and Missouri. The company has also worked closely on joint projects with Tyler`s School Information Systems solution. "We welcome PulseMark to the Tyler family and are excited about the potential of its Information Warehouse Solutions. This acquisition will complement not only our K-12 school solutions but also our broader public sector solutions," explained John S. Marr, Jr., Tyler`s president and chief executive officer. "By accumulating data from various application software systems used by an organization, combining that data and generating highly processed management information, District Pulse has the ability to very positively change the way schools and the public sector do business. This will have tremendous appeal to current clients as well as prospects." "All of us at PulseMark are excited to join the Tyler team. We are confident that our District Pulse Information Warehouse will add extensive functionality and usability to all of the Tyler application software offerings," stated Mark Rigsby, president of PulseMark, LLC. "We also look forward to expanding our current customer base by combining our unique product offerings with the resources, market access and commitment to quality that is Tyler`s trademark. We believe that Tyler and PulseMark have outstanding synergy, and we look forward to our upcoming successes." 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" for two consecutive years by Forbes Magazine. 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. Tyler Technologies, Inc. Brian K. Miller, 972-713-3720 Executive Vice-President - CFO firstname.lastname@example.org Copyright Business Wire 2009
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