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Announced

Completed

Tyler Technologies completed the acquisition of VendEngine for $84m.

Financials

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Transaction Value£59m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Software

software provider

United States

Acquisition

Domestic

Private

Single Bidder

Majority

Completed

Synopsis

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Tyler Technologies, a company that provides integrated software and technology services to the public sector, completed the acquisition of VendEngine, a privately-held cloud-based software provider, for $84m. “Together, Tyler and VendEngine will provide a complete and robust cloud-based technology system aimed at making a positive impact on the courts and justice market, setting incarcerated individuals up for success, and reducing national recidivism rates,” Rusty Smith, Tyler President of the Courts & Justice Division.

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