Tyler Technologies, Inc. (NYSE: TYL) announced today that it will empower the Antelope Valley Transit Authority (AVTA) of Lancaster, California to improve its financial management and reporting by providing Tyler’s Incode local government software solution. The agreement includes software licenses, implementation, maintenance, and support.
AVTA will implement a variety of Tyler’s Incode financial, human capital, citizen services, and document management applications. The special district looks to leverage Tyler’s Content Manager application agency wide as well as to take advantage of the advanced reporting capabilities of the Incode system.
“When choosing a financial management software solution, AVTA’s goals were clear,” stated AVTA CFO Esmyrna Agustin-Jorge. “We needed a solution that would respond to our needs for project and grant accounting, government-standard fund accounting, specialized reporting, and content management. Tyler’s Incode solution will enable us to meet these goals.”
“Tyler looks forward to providing AVTA with an exceptional customer experience,” said Brett Cate, president of Tyler’s Local Government Division. “Our knowledgeable team of product experts and sole focus on serving the software needs of the public sector puts us in a unique position to do so. Tyler is known as an industry leader and our Incode solution is recognized for its rich functionality, and user friendly design—both of which will benefit AVTA.”
Located in Los Angeles County, the cities of Lancaster and Palmdale teamed up with the county in 1992 to create AVTA in response to the growing need for public transportation in the Antelope Valley. Transit service began on July 1, 1992, and today includes transit, commuter, dial-a-ride, access services, and a medical shuttle.
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 enable the public sector–cities, counties, schools and other government entities–to become more efficient, more accessible, and more responsive to the needs of citizens. Tyler’s client base includes more than 8,000 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 three consecutive years by Forbes Magazine. More information about Tyler Technologies can be found at www.tylertech.com.
This document may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are not historical in nature and typically address future or anticipated events, trends, expectations or beliefs with respect to our financial condition, results of operations or business. Forward-looking statements often contain words such as “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates,” “plans,” “intends,” “continues,” “may,” “will,” “should,” “projects,” “might,” “could” or other similar words or phrases. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. We believe there is a reasonable basis for our forward-looking statements, but they are inherently subject to risks and uncertainties and actual results could differ materially from the expectations and beliefs reflected in the forward-looking statements. We presently consider the following to be among the important factors that could cause actual results to differ materially from our expectations and beliefs: (1) economic, political and market conditions, including the recent global economic and financial crisis, and the general tightening of access to debt or equity capital; (2) our ability to achieve our financial forecasts due to various factors, including project delays by our customers, reductions in transaction size, fewer transactions, delays in delivery of new products or releases or a decline in our renewal rates for service agreements; (3) changes in the budgets or regulatory environments of our customers, primarily local and state governments, that could negatively impact information technology spending; (4) technological and market risks associated with the development of new products or services or of new versions of existing or acquired products or services; (5) our ability to successfully complete acquisitions and achieve growth or operational synergies through the integration of acquired businesses, while avoiding unanticipated costs and disruptions to existing operations; (6) competition in the industry in which we conduct business and the impact of competition on pricing, customer retention and pressure for new products or services; (7) the ability to attract and retain qualified personnel and dealing with the loss or retirement of key members of management or other key personnel; and (8) costs of compliance and any failure to comply with government and stock exchange regulations. A detailed discussion of these factors and other risks that affect our business are described in our filings with the Securities and Exchange Commission, including the detailed “Risk Factors” contained in our most recent annual report on Form 10-K. We expressly disclaim any obligation to publicly update or revise our forward-looking statements.
Brian K. Miller, 972-713-3720
Executive Vice President - CFO