StockNews.AI
TYL
StockNews.AI
200 days

Tyler Technologies Acquires MyGov

1. Tyler Technologies acquired MyGov LLC for enhanced public sector services. 2. MyGov offers cloud-based community development and asset management software. 3. The acquisition strengthens Tyler’s offerings for small and mid-sized municipalities. 4. MyGov serves approximately 150 clients, primarily in Texas, enhancing Tyler’s footprint.

M&A
-0.89%Current Return
VS
-2.57%S&P 500
$599.60501/31 09:48 AM EDTEvent Start
$594.2702/03 10:09 AM EDTLatest Updated
5m saved
Insight
Article

FAQ

Why Bullish?

This acquisition expands Tyler’s market reach and service offerings, likely driving revenue growth. Similar past acquisitions have positively influenced stock performance.

How important is it?

This acquisition could significantly impact Tyler’s service capabilities and market share. Acquisitions often lead to improved client relationships and market positioning.

Why Long Term?

The integration of MyGov's solutions may take time but will likely enhance Tyler’s position sustainably. Previous acquisitions have shown long-term positive impacts on company growth.

Related Companies

MYGV
PLANO, Texas--(BUSINESS WIRE)--Tyler Technologies, Inc. (NYSE: TYL) announced today it has acquired MyGov LLC, a company offering cloud-based software with an integrated platform for managing and streamlining permitting, inspections, planning, and zoning. Tyler’s acquisition of MyGov brings together Tyler’s public sector expertise with MyGov’s success serving municipalities utilizing MyGov’s community development and asset management solutions. MyGov will bring a complementary application to Tyler’s product portfolio providing community development, asset management, and additional services specifically tailored for towns, cities, and counties across the United States. “We are excited to join Tyler and expand the company’s expertise and footprint in the public administration market,” said Stephen Burnsworth, founder and product director of MyGov. “MyGov’s integrated community development suite will complement the rest of Tyler’s extensive enterprise portfolio, bringing another option to streamline community development and asset management.” MyGov boasts several community development modules, including permits and inspections with full automation of electronic plan submittals, reviews, and markups; tools for code enforcement, citations, hearings, and abatements; work orders to automate jobs and track cost and usage for workers, materials, and equipment; and configurable tools to track asset inventory, usage, and orders. MyGov serves approximately 150 clients, with a high concentration in Texas. The scalability and easy implementation of MyGov will enable Tyler to quickly meet the needs of small and mid-sized communities. These municipalities will also be able to leverage other Tyler solutions, including integrations with Tyler’s enterprise resource planning (ERP) systems. “Tyler’s comprehensive public administration solutions are at the heart of every connected community, and the acquisition of MyGov will allow us to offer a complementary suite of community development solutions to meet the needs of small and mid-size jurisdictions,” said Sean Marlow, president of Tyler’s Municipal & Schools Division. “Both of our companies understand the distinct needs of the public sector and have a track record of successful implementations. We are excited to elevate our public administration offerings.” Based in Norman, Oklahoma, MyGov was founded in 2002 by Stephen Burnsworth. Management and staff will become part of Tyler’s Municipal & Schools Division. About Tyler Technologies, Inc. Tyler Technologies (NYSE: TYL) is a leading provider of integrated software and technology services for the public sector. Tyler’s end-to-end solutions empower local, state, and federal government entities to operate efficiently and transparently with residents and each other. By connecting data and processes across disparate systems, Tyler’s solutions transform how clients turn actionable insights into opportunities and solutions for their communities. Tyler has more than 44,000 successful installations across 13,000 locations, with clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. Tyler has been recognized numerous times for growth and innovation, including on Government Technology’s GovTech 100 list. More information about Tyler Technologies, an S&P 500 company headquartered in Plano, Texas, can be found at tylertech.com. #TYL_Financial

Related News