DALLAS, Feb. 24 /PRNewswire-FirstCall/ -- Tyler Technologies, Inc. announced today that it has signed a contract with the Montana Department of Revenue to provide Tyler's real and personal property valuation and assessment software for use statewide. The total value of the contract, which includes software, professional services and support, is approximately $4.8 million.
The state of Montana has used Tyler's MAS software for property tax administration for a number of years and will now upgrade to Tyler's newest property tax applications. Tyler's new tax administration product is a browser-based system designed to provide assessing and taxing jurisdictions with an easy-to-learn and easy-to-use interface with property information databases. The software offers imbedded document imaging, property inquiries and appeals, and extensive linking capabilities to track owners, related properties, multiple mailing addresses, and exemption information. Scalable and robust, the system incorporates leading-edge technology to maximize the value of a government's investment in new software.
"We are pleased to expand our long-term relationship with the Montana Department of Revenue's Property Assessment Division," commented John S. Marr, Jr., Tyler's President and Chief Executive Officer. "We believe that our domain expertise in the area of property taxes is unmatched, and taxing authorities across the United States and Canada continue to look to us to provide the latest in software and services."
Based in Dallas, Tyler Technologies is a leading provider of end-to-end information management solutions and services to local governments. Tyler partners with clients to make local government more accessible to the public, more responsive to needs of citizens, and more efficient. Tyler's client base includes nearly 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 November 2004. More information about Tyler Technologies can be found at http://www.tylerworks.com/ .
Tyler Technologies, Inc. has included in this press release "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning its business and operations. Tyler Technologies expressly disclaims any obligation to release publicly any updates or revisions to these forward-looking statements to reflect any change in its expectations. These expectations and the related statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, changes in competition, changes in general economic conditions, changes in the budgets and regulatory environments of the Company's customers, risks associated with the development of new products and the enhancement of existing products, the ability to attract and retain qualified personnel, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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