M&A Deal Summary

Tyler Technologies Acquires Rapid Financial Solutions

On October 27, 2022, Tyler Technologies acquired financial services company Rapid Financial Solutions

Acquisition Highlights
  • This is Tyler Technologies’ 1st transaction in the Financial Services sector.
  • This is Tyler Technologies’ 26th transaction in the United States.
  • This is Tyler Technologies’ 1st transaction in Utah.

M&A Deal Summary
Date 2022-10-27
Target Rapid Financial Solutions
Sector Financial Services
Buyer(s) Tyler Technologies
Deal Type Add-on Acquisition

Target

Rapid Financial Solutions

Logan, Utah, United States
Rapid Financial Solutions is a provider of frictionless fintech, payment, and engagement solutions for corporations, state and county governments, municipalities, schools, and sports associations. The company's technology platform empowers organizations to step into today’s technology and go beyond pay disbursements, giving consumers greater choice and connection to the services they want and need. Rapid Financial Solutions is based in Logan, Utah.

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Buyer(S) 1

Buyer

Tyler Technologies

Plano, Texas, United States
Category Company
Founded 1966
Sector Information Technology
Employees7,305
Revenue 2.0B USD (2023)
DESCRIPTION

Tyler Technologies is a 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 Technologies was founded in 1966 and is based in Plano, Texas.

DEAL STATS #
Overall 28 of 32
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 27 of 31
State (Utah) 1 of 1
Country (United States) 26 of 30
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Quatred

Center Barnstead, New Hampshire, United States

Quatred is a systems integrator and solution provider that assists clients with implementing advanced touchless technologies, including barcoding. The company's QUICK foundation supports mobile inventory and mobile fixed asset management. The solution allows clients to print barcoded labels and accurately scan them, reducing errors and eliminating paperwork. Quatred was formed in 2005 and is based in Center Barnstead, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Safeground Analytics

Northampton, Massachusetts, United States

Safeground Analytics is a company providing exemplary real estate appraisals and assessments for states, counties, and municipalities. Safeground Analytics is based in Northampton, Massachusetts.

Buy -
Mergr

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