Tyler Technologies, the provider of end-to-end information management solutions and services for local governments that is headquartered in Plano, announced Friday that it has agreed to buy MicroPact Inc. from Maryland-based Arlington Capital Partners in a $185 million all-cash deal.
Tyler CEO and President Lynn Moore said the acquisition is part of a growth strategy for the company. The deal should close in March, pending regulatory approvals.
“This is the second largest acquisition in Tyler Technologies’ history and represents a continuation of our long-term strategy to add best-of-breed companies and products that complement our current offerings and support our goals for continued growth,” Moore said in a statement. “The acquisition of MicroPact will augment our product solutions, position us in new practice areas such as health and human services, and present opportunities to expand our business across new and complementary markets.”
Tyler Technologies excited about MicroPact’s federal presence
He said the company is particularly excited about how MicroPact’s presence in the federal market will help Tyler grow.
MicroPact is a provider of commercial off-the-shelf solutions, including entellitrak, a low-code application development platform for case management and business process management, Tyler said in a press release.
Herndon, Virginia-based MicroPact was founded in 1997 by CEO Kristoffer Collo. It employs 469 people, and has annual revenues of more than $70 million. It has a list of more than 350 top-tier public sector clients, including the Department of Justice, Department of the Treasury, Social Security Administration, and the National Aeronautics and Space Administration, and statewide agencies such as the California Department of Consumer Affairs, the Tennessee Department of Health, and the Florida Office of Regulation.
Through the MicroPact Global Alliance program, Tyler said it will gain a partner network that includes such companies as Accenture, Amazon Web Services (AWS), Booz Allen Hamilton, CACI, General Dynamics Information Technology, and NTT Data.
Firm has been busy making acquisitions
Tyler Technologies has been aggressive in the acquisition market.
In December, it announced the acquisition of Canada-based SceneDoc Inc., a provider of mobile-first, software-as-a-service field reporting for law enforcement agencies.
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