Tyler Technologies, Inc. (NYSE: TYL) today announced that it has acquired UniFund, L.L.C., which provides enterprise resource planning (ERP) solutions to schools and local governments. UniFund, located in Nashua, N.H., is also a reseller of Tyler’s Infinite Visions ® school enterprise solution.
As a result of the transaction, UniFund’s more than 250 BudgetSense ® clients — located throughout the Northeast — will become Tyler customers and its approximately 30 employees will join Tyler. UniFund had total revenues of approximately $5.5 million in 2011. UniFund’s programs and services will be integrated into Tyler operations and branding during the coming months.
“Acquiring UniFund is a natural progression to unify our Infinite Visions brand, simplify our sales channel and leverage common practices across the country,” said Brett Cate, president of Tyler’s Local Government Division. “UniFund is widely known and well respected in the Northeast, and we intend to continue to deliver the level of service and expertise its clients expect.”
“This transaction is good for UniFund because we are now part of a larger company, and I believe that there are some bright new roles and opportunities that will develop for our people,” said Roger Melanson, partner and co-founder of UniFund, L.L.C. “We will now be able to collaborate with Tyler to create an even stronger force in the marketplace, and with the Tyler brand standing behind our work, we can move forward much faster as a broader and more unified team.”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 citizens. Tyler’s client base includes more than 10,000 local government offices in all 50 states, Canada, the Caribbean and the United Kingdom. Forbes has named Tyler one of “America’s Best Small Companies” four times in the last five years. More information about Dallas-based Tyler Technologies can be found at www.tylertech.com.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts