PLANO, Texas--(BUSINESS WIRE)--Tyler Technologies, Inc. (NYSE: TYL) today announced it has acquired Modria, a company specializing in online dispute resolution (ODR) for government and commercial entities, to complement its courts and justice and appraisal and tax solutions.
With this acquisition, Tyler will broaden its portfolio of courts and justice solutions, particularly for its Odyssey File & Serve™ solution. Modria will provide Tyler’s court clients with efficient ways to handle large volumes of disputes in an automated fashion, through integration with Odyssey. Specifically, it will help reduce the number of cases that need to be heard, leading to reduced costs in the court and in clerk offices for supporting these hearings.
For appraisal and tax clients, Modria (which already integrates with Tyler’s iasWorld® solution), offers the assessor’s office an alternative to manage the appeals process online for fast and fair resolutions for their constituents. Being able to integrate Modria into Tyler products will provide clients with more opportunities to improve efficiency, reduce costs, and deliver even greater citizen engagement.
Modria, founded in 2011 and headquartered in San Jose, California, serves government agencies, including courts and property tax-related organizations, and offers a complete ODR solution. Modria’s founders developed an initial ODR platform for eBay and PayPal, and have built their platform to resolve all manner and volume of disputes through automation, limiting the need for human intervention and resources.
"This is an amazing opportunity for the Modria team to accelerate our traction with courts and appraisal offices, and Tyler’s expertise and values are in perfect harmony with Modria’s mission and vision," said Colin Rule, co-founder and chief operating officer for Modria. “ODR will be extremely valuable for Tyler clients handling heavy case loads. We look forward to working as part of Tyler to improve access to justice and deliver fast resolutions for citizens.”
"We are excited to add Modria’s offerings and expertise to Tyler's portfolio,” said Bruce Graham, president of Tyler's Courts & Justice Division. “ODR provides our clients yet another powerful technology tool to help them transform the way justice works in their jurisdictions. Modria is the clear leader in online dispute resolution, and, when combined with Odyssey Guide & File for self-represented litigants, Modria will provide our clients an even more efficient way to manage a large volume of cases."
The Modria founders, management, and employees joining Tyler will be part of the Courts & Justice Division. During the coming months, Modria’s technology and services offerings will be integrated into Tyler operations and branding.
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 their constituents. Tyler’s client base includes more than 15,000 local government offices in all 50 states, Canada, the Caribbean, the United Kingdom and other international locations. In 2016, Forbes ranked Tyler on its “Most Innovative Growth Companies” list, and it has named Tyler one of “America’s Best Small Companies” eight times. 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 tylertech.com.
