Plano’s Tyler Technologies continues to grow with fourth software acquisition
Plano-based Tyler Technologies, a software company serving more than 15,000 local government offices, has made its fourth acquisition this year.
Tyler Technologies announced Monday that it bought TradeMaster Inc., commonly known in the industry as MobileEyes software for fire prevention and suppression, emergency response and structural safety. Terms of the deal weren’t disclosed.
“The acquisition of MobileEyes supports Tyler’s vision of creating safer communities through innovative technology solutions,” said Lynn Moore, president and CEO of Tyler, in a statement. “MobileEyes enhances our portfolio with flagship solutions for fire safety professionals.”
MobileEyes serves 240 clients, including fire departments in Indianapolis, Sacramento and Palm Beach County, Florida. Its staff will continue to operate from offices in Atlanta and Troy, Michigan.
Earlier this year, Tyler Technologies acquired Seattle-based Socrata Inc., Sage Data Security and CaseloadPRO, criminal justice software for managing probation. The company said it has spent $175 million combined on its 2018 acquisitions.
In addition to public safety, the company’s software also includes property appraisal and tax records and other vital information. State and local government software spending is projected to grow from $14.7 billion this year to $18.3 billion in 2021, according to research firm Gartner Inc.
Tyler Technologies, founded in 1996, employs more than 4,000 people and recorded 2017 revenue of over $840 million. It expects to surpass $1 billion in annual revenue in 2019. The company trades on the New York Stock Exchange under the ticker symbol TYL.