Dallas-based Tyler Technologies completes acquisition of Advanced Data Systems

by PegNews wire

DALLAS — Tyler Technologies, Inc. today announced that it has acquired all of the common stock of Advanced Data Systems, Inc., of Bangor, Maine. ADS develops and sells fund accounting solutions, primarily in New England. The total purchase price for ADS, along with an office building used in its business, was approximately $4.2 million in cash.

Tyler has a strong presence in the K-12 school market with Tyler's Education Management and MUNIS Financial Management solutions. While MUNIS Financial Management serves the complex needs of mid-size to large schools and districts, ADS provides smaller schools and districts with financial applications suitable for their particular needs. Together with Tyler's Education Management Solution, MUNIS and now ADS give Tyler a complete school management solution for any size school or district.

With the national sales channel provided by Tyler, ADS' accounting solutions will be positioned to gain market share outside of their traditional New England market.

Based in Dallas, Tyler Technologies is a leading provider of end-to-end information management solutions and services for local governments. Tyler's client base includes more than 6,000 local government offices throughout all 50 states, Canada, Puerto Rico and the United Kingdom. Forbes magazine named Tyler one of the "200 Best Small Companies" in America in 2004.

Source: Tyler Technologies