Tyler Technologies Completes Acquisition of VendEngine
02 September 2021 - 6:17AM
Business Wire
Acquisition will drive innovation and bring an
expanded set of offerings to clients, incarcerated individuals, and
their families
Tyler Technologies, Inc. (NYSE: TYL) and VendEngine, Inc.
jointly announced today that Tyler has completed the previously
announced acquisition of VendEngine, a privately-held cloud-based
software provider focused on financial technology for the
corrections market.
Tyler and VendEngine will boost innovation and further integrate
technology to better serve incarcerated individuals and their
families. In addition, with a shared commitment of leveraging
technology aimed at improving communities, Tyler’s acquisition of
VendEngine enables both companies to better respond to the evolving
needs of local and state government agencies, and the residents
they serve.
“Together, Tyler and VendEngine will provide a complete and
robust cloud-based technology system aimed at making a positive
impact on the courts and justice market, setting incarcerated
individuals up for success, and reducing national recidivism
rates,” said Rusty Smith, president of the Courts & Justice
Division at Tyler. “VendEngine supports inmates and their families
throughout the period of incarceration, and Tyler will maintain
this focus while leveraging its size and scale to expand upon
VendEngine’s mission. This transaction provides significant
opportunities to continue innovating and expanding offerings across
Tyler’s entire corrections client base and throughout the
market.”
VendEngine is one of the fastest growing technology companies in
North America. Operating in more than 230 counties and 32 states,
VendEngine’s leading cloud-based platform provides a comprehensive
suite of applications including deposit technologies for
commissary, ordering and warehouse management, and various
informational, electronic communications, security, accounting, and
financial trust management components.
Many key services from VendEngine are offered at no cost to
incarcerated individuals or their families, including free inbound
emails and texts, onsite video visitation, medical requests, access
to education, certificates and legal research resources, inmate
trust management and grievance management, which Tyler will
continue. During COVID-19, VendEngine has worked to expand support
networks of families and friends for incarcerated individuals,
including providing more than 40 million free connections – texts,
emails and video visitation – to incarcerated individuals across
the nation.
With the completion of the acquisition, VendEngine founder Silas
Deane will serve as general manager, supported by the current
VendEngine leadership team. A member of the Technology Advisory
Council for the Corrections & Prisons Association, Deane brings
significant public policy experience and strong relevant
relationships. The VendEngine business unit will continue to be
based in Nashville.
About Tyler Technologies,
Inc.
Tyler Technologies (NYSE: TYL) provides integrated software and
technology services to the public sector. Tyler's end-to-end
solutions empower local, state, and federal government entities to
operate more efficiently and connect more transparently with their
constituents and with each other. By connecting data and processes
across disparate systems, Tyler's solutions are transforming how
clients gain actionable insights that solve problems in their
communities. Tyler has more than 27,000 successful installations
across more than 11,000 sites, with clients in all 50 states,
Canada, the Caribbean, Australia, and other international
locations. Tyler has been named to Government Technology's GovTech
100 list five times and has been recognized three times on Forbes'
"Most Innovative Growth Companies" list. More information about
Tyler Technologies, an S&P 500 company headquartered in Plano,
Texas, can be found at tylertech.com.
About VendEngine
VendEngine is a cloud-based technology provider specifically
focused on financial technology for the corrections market. The
Nashville, Tennessee-based company provides a suite of financial
and communications applications ranging from deposit technologies
for commissary, ordering, and warehouse technology to a host of
informational, electronic communications, security, accounting, and
financial trust management components for more than 300
correctional facilities across 32 states and the Caribbean. For
more information, visit www.VendEngine.com or download the free
VendEngine JailFunds app in the Apple or Android app stores.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210901005799/en/
Investor Relations Contact:
Brian K. Miller Executive Vice President – CFO Tyler
Technologies, Inc. 972-713-3720 brian.miller@tylertech.com
Media Contact:
Jennifer Kepler Tyler Technologies 972.713.3770
media.team@tylertech.com
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