More Topics:
Tyler Technologies Acquires Windsor Management Group
Posted October 14, 2011
We Recommend...
Infinite Visions Product Suite to be Integrated Into Tyler's Portfolio of School Offerings
DALLAS--(BUSINESS WIRE)--Tyler Technologies, Inc. (NYSE: TYL) today announced that it has acquired Windsor Management Group, L.L.C. (WMG), which provides an integrated suite of financial and human capital management solutions to the K-12 education market through its flagship product, Infinite Visions enterprise software.
As a result of the transaction, more than 800 school districts in 31 states currently served by WMG will become Tyler customers, and WMG's approximately 60 employees will join Tyler. WMG's software and services will complement Tyler's other School solutions.
"The addition of WMG further expands Tyler's share of the K-12 education market nationwide. We believe that the companies are a great fit because of our focus on providing superior products and support to clients, as reflected by client retention rates exceeding 97 percent," said John S. Marr Jr., president and chief executive officer of Tyler Technologies. "The Infinite Visions product suite is competitive in the marketplace, and it is an ideal addition to Tyler's portfolio of software and services. We welcome WMG's clients and employees to the Tyler family."
Tyler acquired Windsor Management Group and its assets for $23.5 million in cash, subject to certain working capital adjustments. WMG, based in Tempe, Ariz., had total revenues of approximately $12 million in 2010, including approximately $7.8 million in recurring revenue.
"We are pleased to add WMG's Infinite Visions product suite to Tyler's school financial and human capital management solutions, and we are eager to begin working with WMG's team," said Brett Cate, president of Tyler's Local Government Division. "WMG is a deeply respected company with more than 30 years of K-12 business experience, and we look forward to building on the successful track record that the Infinite Visions product suite has established with clients across the country. Together with the management and employees of WMG, Tyler looks forward to providing the same level of excellence in service and product for which both organizations are known."
WMG's programs and services will be integrated into Tyler operations and branding during the coming months.
"We are excited to join Tyler Technologies," said Bruce Borcher, president of Windsor Management Group. "Tyler shares the same high level of commitment to customers and staff that has made WMG one of the leaders in the K-12 Education market and we look forward to being a significant part of Tyler's K-12 business software offerings."
About Tyler Technologies, Inc.
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 empower 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 10,000 local government offices throughout all 50 states, Canada, the Caribbean and the United Kingdom. Forbes Magazine named Tyler as one of "America's 200 Best Small Companies" for three consecutive years. More information about Tyler Technologies can be found at www.tylertech.com.
To find out more about the company in this article and to see if you
have business connections, click below:
blog comments powered by