Tyler Technologies has acquired MicroPact a provider of case management and business process applications for government. The deal is valued at approximately $185 million in cash and is slated to close in March.
“This is the second largest acquisition in Tyler Technologies’ history and represents a continuation of our long-term strategy to add best-of-breed companies and products that complement our current offerings and support our goals for continued growth,” said Lynn Moore, president and chief executive officer of Tyler.
With MicroPact, Tyler will have a new entry point into the federal market. The company already works with the Department of Justice, Department of the Treasury, Social Security Administration, and the National Aeronautics and Space Administration, and statewide agencies such as the California Department of Consumer Affairs, the Tennessee Department of Health, and the Florida Office of Regulation.
Additionally, through the MicroPact Global Alliance program, Tyler will gain a partner network which includes companies such as Accenture, Amazon Web Services (AWS), Booz Allen Hamilton, CACI, General Dynamics Information Technology, and NTT Data.
MicroPact’s headquarters in Herndon, Va., as well as its other locations, are expected to remain in place after the acquisition, and no staff reductions are anticipated.
This is the latest deal for Tyler Technologies which recently acquired SceneDoc, Socrata, Sage Data Security, CaseloadPRO and MobileEyes. The company has created the largest public-sector only software platform. And is now offering solutions to federal, state and local agencies and offices.