Tyler Technologies Acquires Socrata

Contract Deal Business Signature Document

Plano, Texas-based Tyler Technologies has acquired Socrata, a provider of open data tools and technology. The transaction is expected to close at the end of the month.

Tyler Technologies is most well known for its technology suite built exclusively for public sector organizations. Tyler’s offerings include systems for appraisal and tax; courts and justice; government finance; planning, regulatory and maintenance; public safety; records and documents, and education. With the Socrata acquisition, Tyler customers will be able to dovetail open data projects into their existing technology platform.

“With Socrata, we can help our clients make a real impact by enabling them to manage, share, and analyze their data more effectively,” said Tyler President Lynn Moore.

In a statement, Tyler Technologies said the Socrata transaction will also support the company’s “Connected Communities” initiative which focuses on enabling data sharing and data-driven decision making in local government. “Our combined offering will enable public sector leaders to use data to improve program outcomes at the local, county, and statewide levels,” Moore added.

As part of the deal, Socrata’s current clients will be brought over to Tyler. Socrata’s senior leadership team is expected to join Tyler’s team, along with substantially all the company’s employees. Tyler will continue to maintain Socrata’s Seattle office, as well as Tyler’s Renton, Washington, office.