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New Deal


Announced

Completed

Tyler Technologies completed the acquisition of NIC for $2.3bn.

Financials

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Transaction Value£1,668m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium22%
One Off Charge-

Tags

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Completed

United States

Acquisition

Payments / Commerce

Public

digital payment

Friendly

Majority

Single Bidder

digital solutions

Domestic

Synopsis

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Tyler Technologies, a provider of integrated software and technology services, completed its acquisition of NIC, a government solutions and payments company, for $2.3bn. “It was clear to us when we first announced this transaction in February that NIC is uniquely positioned to help make government more efficient as it continues to add online services for residents. After working closely with the NIC team over the past few months, we are more confident than ever in the cultural alignment across our organizations and the opportunities ahead for our combined company,” Lynn Moore, Tyler President and CEO.

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