Tyler Technologies Named to Forbes “Most Innovative Growth Companies 2016” List
July 07 2016 - 8:17AM
Business Wire
Tyler among 25 companies known for investing in
innovation
Tyler Technologies, Inc. (NYSE:TYL) was recently named to
Forbes’ “Most Innovative Growth Companies 2016” list. Tyler was
cited by Forbes among 25 companies that investors could expect to
be innovative now and in the future.
According to Forbes, companies were ranked by their innovation
premium, or the difference between their market capitalization and
the net present value of cash flows from existing businesses. The
difference between them is the bonus given by equity investors on
the estimate that the company will continue to generate profitable
new growth.
“We are pleased to be recognized by Forbes for our steady growth
and innovative business practices,” said John S. Marr Jr.,
president and chief executive officer of Tyler Technologies. “The
Forbes recognition underscores Tyler’s commitment to continued,
sustainable investments in technology to ensure our clients have
the most advanced solutions essential to local government.”
Tyler Technologies, ranked No. 24 on the “Most Innovative Growth
Companies 2016” list, joins other firms that met Forbes’ ranking
requirements, including having at least seven years of public
financial data, and a market capitalization of between $2 billion
and $10 billion. The Forbes list focused on industries known for
investing in innovation, including making measurable
research-and-development expenditures.
About Tyler Technologies,
Inc.
Tyler Technologies (NYSE: TYL) is a leading provider of
end-to-end information management solutions and services for local
governments. Tyler partners with clients to empower the public
sector — cities, counties, schools and other government entities —
to become more efficient, more accessible and more responsive to
the needs of citizens. Tyler’s client base includes more than
14,000 local government offices in all 50 states, Canada, the
Caribbean, the United Kingdom and other international locations.
Forbes has named Tyler one of “America’s Best Small Companies”
eight times and the company has been included six times on the
Barron’s 400 Index, a measure of the most promising companies in
America. More information about Tyler Technologies, headquartered
in Plano, Texas, can be found at www.tylertech.com.
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Jetstream PR for Tyler TechnologiesTony Katsulos, 972-788-9456,
ext. 301Tony.katsulos@jetstreampr.com
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