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Tyler Technologies

Tyler Technologies

Plano, Texas, United States

Industry: Technology/Software

Region: US 🇺🇸

Year Founded: 1966

IPO Date: 11-17-1999

Market Cap: $15 billion

Number of Employees: Approx. 5,500

Revenue: $1.16 billion (2020)

Net Income: $188.1 million (2020)

Tyler Technologies, Inc.

Tyler Technologies IPO

Tyler Technologies, a leading provider of integrated software and technology solutions for the public sector, went public on April 26, 1996.

The company debuted on the New York Stock Exchange under the ticker symbol “TYL.”

Since its initial public offering (IPO), Tyler Technologies has experienced steady growth and has become a recognized name in the industry.

Tyler Technologies IPO Prospectus

A prospectus is a formal document required by and filed with the Securities and Exchange Commission (SEC) that provides details about an investment offering to the public. You can find Tyler Technologies’ Prospectus here.

Company Overview & History

Tyler Technologies is a prominent software and technology solutions provider that focuses on serving the public sector.

Founded in 1966 by Joseph F. McKinney, the company has a rich history spanning over five decades.

Initially established as an appraisal services firm, Tyler Technologies expanded its offerings over time and evolved into a comprehensive provider of integrated software solutions.

Today, Tyler Technologies offers a wide range of software products and services tailored to meet the specific needs of government entities, including local governments, school districts, and federal agencies.

The company’s solutions encompass various areas such as financial management, public safety, courts and justice, tax and appraisal, planning and permitting, and more.

With its commitment to innovation and customer satisfaction, Tyler Technologies has established itself as a trusted partner for public sector organizations seeking efficient and effective software solutions.

Financial Performance

YearRevenue($B)Net Income($B)EBITDA($B)Operational Cash Flow($B)

Business Model

Tyler Technologies operates under a business model focused on delivering cutting-edge software solutions to the public sector.

The company’s primary revenue streams come from the sale of its software licenses and related services, including implementation, training, and support.

Tyler Technologies’ software solutions are designed to streamline operations, enhance decision-making processes, and improve overall efficiency within government agencies.

By offering comprehensive and integrated software platforms, Tyler Technologies helps its clients consolidate their operations, reduce manual processes, and enhance collaboration across departments.

The company’s business model revolves around understanding the unique challenges faced by the public sector and providing tailored solutions that address these specific needs.

Tyler Technologies’ ongoing commitment to innovation ensures that its software offerings remain at the forefront of technological advancements, empowering government organizations to serve their constituents more effectively.

Market Cap Over the Years

YearMarket Cap($B)

Risk Factors

As with any business, Tyler Technologies faces several risk factors that could impact its operations and financial performance.

These risks include market competition, changes in government regulations, economic downturns, and cybersecurity threats.

Competition within the software industry is intense, with numerous companies vying for government contracts.

Tyler Technologies must continuously innovate and differentiate its offerings to maintain its market position and secure new business.

Government regulations and policies can also impact Tyler Technologies’ operations.

Changes in legislation, compliance requirements, or government funding can influence demand for the company’s software solutions.

Economic downturns and budget constraints within the public sector may lead to reduced spending on technology initiatives, affecting Tyler Technologies’ revenue and growth prospects.

Furthermore, in today’s digital landscape, cybersecurity threats pose a significant risk to any technology company.

Tyler Technologies invests heavily in cybersecurity measures to protect its systems and customer data.

However, the evolving nature of cyber threats necessitates ongoing vigilance and proactive measures to mitigate potential risks.

Market Opportunity

The market opportunity for Tyler Technologies lies in the increasing need for advanced software solutions within the public sector.

As government organizations seek to enhance operational efficiency, streamline processes, and improve service delivery, they are turning to technology solutions to achieve these objectives.

This presents a significant growth opportunity for Tyler Technologies.

The public sector software market is projected to expand further as governments recognize the transformative potential of digital solutions.

With its extensive portfolio of software offerings and a track record of successful implementations, Tyler Technologies is well-positioned to capitalize on this market opportunity.

The company’s focus on customer satisfaction, ongoing innovation, and deep industry expertise gives it a competitive edge in serving the unique needs of the public sector.


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Key/Fun Company Facts

  • Tyler Technologies has received numerous accolades for its workplace culture and employee satisfaction. The company has been recognized as one of the “Best Places to Work” by Glassdoor and Forbes.
  • Tyler Technologies’ software solutions serve over 15,000 clients across the United States, ranging from small municipalities to large metropolitan areas.
  • The company has a strong commitment to corporate social responsibility and actively participates in community engagement and philanthropic initiatives.
  • Tyler Technologies has a dedicated research and development team that continuously explores emerging technologies and industry trends to drive innovation in its software solutions.
  • The company maintains strategic partnerships with other technology providers, fostering collaboration and integration to deliver comprehensive solutions to its customers.
  • Tyler Technologies’ software platforms are designed to be highly configurable, allowing government organizations to tailor the software to their specific needs and requirements.