Tyler Technologies to Acquire MicroPact from Arlington Capital Partners
2019年2月1日 - 11:17PM
ビジネスワイヤ(英語)
Acquisition to augment Tyler’s solution
offerings and broaden addressable market
Tyler Technologies Inc. (NYSE: TYL)
today announced it has signed a definitive agreement to acquire
MicroPact, Inc., a leading provider of specialized, vertically
oriented case management and business process management (BPM)
applications for government, for approximately $185 million in
cash. The transaction is targeted to close on March 15, 2019,
pending federal regulatory approvals.
“This is the second largest acquisition in Tyler Technologies’
history and represents a continuation of our long-term strategy to
add best-of-breed companies and products that complement our
current offerings and support our goals for continued growth,” said
Lynn Moore, president and chief executive officer of Tyler. “The
acquisition of MicroPact will augment our product solutions,
position us in new practice areas such as health and human
services, and present opportunities to expand our business across
new and complementary markets. We’re particularly excited about the
opportunity to significantly expand our total addressable market
through MicroPact’s strong presence in the federal market.
Additionally, MicroPact brings an outstanding leadership team, an
excellent partner network, and a strong company culture that is
much like our own.”
MicroPact is a leading provider of commercial off-the-shelf
(COTS) solutions, including entellitrak®, a low-code application
development platform for case management and business process
management. Whether based on premises or in the cloud, its
Data-First™ approach allows entellitrak to be implemented
immediately and configured continuously, enabling clients to get to
work quickly while keeping costs low.
Founded in 1997 by CEO Kristoffer Collo, MicroPact was formerly
known as MicroPact Engineering and since 2012 has operated as
MicroPact through several affiliated entities. The company is based
in Herndon, Va., employs 469 people, and has annual revenues of
more than $70 million.
“We are very happy to join forces with Tyler Technologies, the
clear leader in public sector software technology with an
outstanding company culture focused on excellence in all things,
including client-centric service,” said Collo. “Tyler and MicroPact
share a common vision and passion for transforming government by
empowering organizations with solutions that create efficiencies
and abilities to quickly solve difficult problems.”
MicroPact brings an impressive roster of more than 350 top-tier
public sector clients, including the Department of Justice,
Department of the Treasury, Social Security Administration, and the
National Aeronautics and Space Administration, and statewide
agencies such as the California Department of Consumer Affairs, the
Tennessee Department of Health, and the Florida Office of
Regulation.
Additionally, through the extensive MicroPact Global Alliance
program, Tyler will gain a partner network which includes companies
such as Accenture, Amazon Web Services (AWS), Booz Allen Hamilton,
CACI, General Dynamics Information Technology, and NTT Data.
Michael Lustbader, a managing partner at Arlington Capital,
said, “MicroPact has invested heavily in its product portfolio
during our ownership, ultimately achieving market leadership in
strategic verticals within the public sector case management
software market. Through its innovative technology and knowledge of
the government marketplace, the company is uniquely positioned to
expand Tyler’s addressable market while also introducing an
additional product portfolio to its core customer base.”
MicroPact’s headquarters in Herndon, Va., as well as its other
locations, are expected to remain in place after the acquisition,
and no staff reductions are anticipated. Spurrier Capital Partners
acted as financial advisor to MicroPact for this transaction.
About Tyler Technologies,
Inc.
Tyler Technologies (NYSE: TYL) 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 their constituents. Tyler’s client base includes more
than 15,000 local government offices in all 50 states, Canada, the
Caribbean, Australia, and other international locations. Forbes has
included Tyler on its “Best Small Companies” list eight times, and
ranked Tyler on its “Best Midsize Employers” list in 2018. More
information about Tyler Technologies, headquartered in Plano,
Texas, can be found at www.tylertech.com.
About Arlington Capital
Partners
Arlington Capital Partners is a Washington, D.C.-area private
equity firm that has managed $2.2 billion of committed capital via
four investment funds. Arlington focuses on middle market
investment opportunities in growth industries, including government
services and technology, aerospace/defense, healthcare, and
business services and software. Arlington invests in companies in
partnership with high quality management teams that are motivated
to establish and/or advance their company's position as leading
competitors in their field. www.arlingtoncap.com
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version on businesswire.com: https://www.businesswire.com/news/home/20190201005032/en/
Nina MinneyTyler
Technologies972-713-3770Nina.Minney@tylertech.com
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