Tyler Technologies Acquires MyGov to Expand its Public Sector Expertise

Jan 31, 2025•7 months ago

Acquiring Company

Tyler Technologies

Acquired Company

MyGov

Plano

NormanInformation TechnologySoftware

Description

Tyler Technologies, Inc. (NYSE: TYL) has announced the acquisition of MyGov LLC, a company offering cloud-based software with an integrated platform for managing and streamlining permitting, inspections, planning, and zoning. This acquisition aims to bring together Tyler’s public sector expertise with MyGov’s success in providing community development and asset management solutions, and to offer a complementary suite of community development solutions tailored for small and mid-size jurisdictions across the United States.

Company Information

Company

Tyler Technologies

Location

Plano, Texas, United States

About

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.

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M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed