Tyler Technologies—whose headquarters campus is in Plano (above)—has acquired Massachusetts-based Safeground Analytics, a company providing real estate appraisals and assessments for states, counties, and municipalities.
“Tyler has been the leader in the appraisal market for more than 80 years, and we remain committed to strengthening our service offerings in this space,” Mark Hawkins, president of Tyler’s Property & Recoding Division, said in a statement. “Safeground has been our partner on numerous valuation projects over the years, and we continue to be impressed by the company’s strong client retention, their deep appraisal experience—particularly with complex commercial properties—and their commitment to supporting the education and training of assessors.”
Terms of the acquisition were not released.
Bolstering Tyler’s nationwide appraisal footprint
Safeground has an experienced team of appraisers, analysts, statisticians, economists, computer scientists, and assessors to provide residential and commercial reassessments that will bolster Tyler’s existing appraisal services business, the company said.
Tyler has worked with Safeground since 2015 on multifaceted valuation projects in New England and is contracting its services for three countywide commercial reassessments in Delaware.
Safeground has a strong presence in the New England and mid-Atlantic markets, which Tyler said complements its nationwide appraisal footprint.
Brings expertise in litigation support and expert witness testimony
In addition to appraisal services, Safeground brings expertise in litigation support and expert witness testimony for property appraisal matters, as well as auditing and monitoring services, expanding Tyler’s appraisal services offerings.
The company is experienced in providing education training courses to further strengthen and grow Tyler’s professional services offerings to the assessment community.
“Joining a company with such a broad—and growing—footprint means exciting opportunities to expand our appraisal services and benefit assessors nationwide,” John Valente, CEO of Safeground, said in a statement. “Tyler and Safeground share similar values, expertise, and a commitment to International Association of Assessing Officers technical standards for fair and equitable property assessments.”
The Safeground team will join Tyler’s Property & Recording Division but will remain in New England as remote employees, Tyler said. Valente will serve as Northeast regional appraisal manager.
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