Tyler Technologies, Inc. (NYSE:TYL) will look for acquisition opportunities. Tyler' Chief Executive Officer H. Lynn Moore said, "We also expect that we will continue to supplement our organic growth with strategic acquisitions. We are patient and disciplined acquirers and look for acquisitions that strengthen our product offerings, leverage our existing client base and sales resources and expand our addressable market, all at fair valuations. We believe that, as we have proven in the past, we will supplement our organic growth with these acquisitions and continue to achieve low double-digit total growth."
Tyler Technologies, Inc. is specialized in the development of information management software for the public sector. The group provides software solutions in the areas of financial management, education, jurisdiction, government, planning, regulation, land management, document, data and information management, assessment and taxation, public safety management and cyber security. Net sales break down by source of revenue as follows:
- sales of maintenance services (39.6%);
- sales of subscriptions (27.3%);
- sales of software-related professional services (19.6%);
- sales of licenses and royalties (9.2%);
- sales of valuation and tax software solutions (2.2%);
- other (2.1%): notably sales of computer hardware.