Products October 14, 2011
Tyler Technologies Acquires K-12 HR Solutions Provider
October 14, 2011 (PLANSPONSOR.com) - Tyler Technologies, Inc. announced it has acquired Windsor Management Group, L.L.C. (WMG).
Reported by Tara Cantore
WMG provides an integrated suite of financial and human capital management solutions to the K-12 education market through its 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.
Tyler acquired Windsor Management Group and its assets for $23.5 million in cash, subject to certain working capital adjustments. WMG, based in Tempe, Arizona, had total revenues of approximately $12 million in 2010, including approximately $7.8 million in recurring revenue.