TYLER TECHNOLOGIES Business Summary

Tyler Technologies Inc. (TYL) is the preeminent provider of integrated software and technology services dedicated exclusively to the U.S. public sector, specifically targeting state, local, and municipal governments. The company’s revenue model has undergone a decisive shift toward a recurring, high-margin structure, with subscriptions—comprising Software-as-a-Service (SaaS) and transaction-based fees—now accounting for over 70% of total revenue as of early 2026. Its operations are organized into specialized segments including Public Administration, Courts & Justice, Public Safety, and Data & Insights. For fiscal year 2026, the company has guided for total revenues between $2.50 billion and $2.55 billion, driven by a 20%+ growth rate in SaaS adoption. Tyler maintains a dominant market position, frequently outcompeting rivals such as CentralSquare Technologies, Civica, and legacy ERP offerings from Oracle and Microsoft by leveraging its deep domain expertise and a comprehensive, cloud-first product suite that facilitates end-to-end digital governance. Originally founded in 1966 by Joseph F. McKinney as a diversified holding company, the modern iteration of Tyler Technologies was forged through a strategic pivot to government software in the late 1990s, catalyzed by the acquisition of Munis. The current leadership team is led by President and CEO H. Lynn Moore Jr., a veteran executive who joined in 1998 and previously served as Chief Legal Officer, overseeing the company’s aggressive M&A strategy. Supporting him is Executive Chairman John S. Marr Jr., the former CEO credited with transforming the firm into a tech powerhouse, and Russell Gainford, who was elevated to Chief Technology Officer in March 2025 to spearhead the company’s AI-driven transcription and cloud migration initiatives. The executive bench also includes CFO Brian K. Miller and COO Jeff Puckett, both of whom possess decades of experience in public sector operations. Notable institutional backing remains strong, with major positions held by The Vanguard Group, BlackRock, and Norges Bank, while Larry D. Leinweber remains the largest individual shareholder, holding approximately 20% of the company.