Tyler Technologies Acquires Modria
31 May 2017 - 3:00AM
Business Wire
Tyler broadens offerings with addition of
industry-leading online dispute resolution software
Tyler Technologies, Inc. (NYSE: TYL) today announced it has
acquired Modria, a company specializing in online dispute
resolution (ODR) for government and commercial entities, to
complement its courts and justice and appraisal and tax
solutions.
With this acquisition, Tyler will broaden its portfolio of
courts and justice solutions, particularly for its Odyssey File
& Serve™ solution. Modria will provide Tyler’s court clients
with efficient ways to handle large volumes of disputes in an
automated fashion, through integration with Odyssey. Specifically,
it will help reduce the number of cases that need to be heard,
leading to reduced costs in the court and in clerk offices for
supporting these hearings.
For appraisal and tax clients, Modria (which already integrates
with Tyler’s iasWorld® solution), offers the assessor’s office an
alternative to manage the appeals process online for fast and fair
resolutions for their constituents. Being able to integrate Modria
into Tyler products will provide clients with more opportunities to
improve efficiency, reduce costs, and deliver even greater citizen
engagement.
Modria, founded in 2011 and headquartered in San Jose,
California, serves government agencies, including courts and
property tax-related organizations, and offers a complete ODR
solution. Modria’s founders developed an initial ODR platform for
eBay and PayPal, and have built their platform to resolve all
manner and volume of disputes through automation, limiting the need
for human intervention and resources.
"This is an amazing opportunity for the Modria team to
accelerate our traction with courts and appraisal offices, and
Tyler’s expertise and values are in perfect harmony with Modria’s
mission and vision," said Colin Rule, co-founder and chief
operating officer for Modria. “ODR will be extremely valuable for
Tyler clients handling heavy case loads. We look forward to working
as part of Tyler to improve access to justice and deliver fast
resolutions for citizens.”
"We are excited to add Modria’s offerings and expertise to
Tyler's portfolio,” said Bruce Graham, president of Tyler's Courts
& Justice Division. “ODR provides our clients yet another
powerful technology tool to help them transform the way justice
works in their jurisdictions. Modria is the clear leader in online
dispute resolution, and, when combined with Odyssey Guide &
File for self-represented litigants, Modria will provide our
clients an even more efficient way to manage a large volume of
cases."
The Modria founders, management, and employees joining Tyler
will be part of the Courts & Justice Division. During the
coming months, Modria’s technology and services offerings will be
integrated into Tyler operations and branding.
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, the United Kingdom and other international locations. In
2016, Forbes ranked Tyler on its “Most Innovative Growth Companies”
list, and it has named Tyler one of “America’s Best Small
Companies” eight times. The company has been included six times on
the Barron’s 400 Index, a measure of the most promising companies
in America. More information about Tyler Technologies,
headquartered in Plano, Texas, can be found at tylertech.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170530005673/en/
Richards Partners for Tyler TechnologiesKurt Watkins,
214-891-7624TylerPR@Richards.com
Tyler Technologies (NYSE:TYL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Tyler Technologies (NYSE:TYL)
Historical Stock Chart
From Jul 2023 to Jul 2024