Tyler Technologies Acquires Windsor Management Group for $23.5M Cash

Tyler Technologies, Inc.

today announced that it has acquired Windsor Management Group, L.L.C. (

), which provides an integrated suite of financial and human capital management solutions to the K-12 education market through its flagship product, Infinite Visions® enterprise software. As a result of the transaction, more than 800 school districts in 31 states currently served by WMG will become Tyler customers, and WMG's approximately 60 employees will join Tyler. WMG's software and services will complement Tyler's other School solutions. “The addition of WMG further expands Tyler's share of the K-12 education market nationwide. We believe that the companies are a great fit because of our focus on providing superior products and support to clients, as reflected by client retention rates exceeding 97 percent,” said John S. Marr Jr., president and chief executive officer of Tyler Technologies. “The Infinite Visions product suite is competitive in the marketplace, and it is an ideal addition to Tyler's portfolio of software and services. We welcome WMG's clients and employees to the Tyler family.” Tyler acquired Windsor Management Group and its assets for $23.5 million in cash, subject to certain working capital adjustments. WMG, based in Tempe, Ariz., had total revenues of approximately $12 million in 2010, including approximately $7.8 million in recurring revenue.