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Announced

Tyler Technologies to acquire Rapid Financial Solutions.

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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payments

Private

Single Bidder

Friendly

Pending

Acquisition

Majority

United States

Payments / Commerce

Domestic

Synopsis

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Tyler Technologies, a digital government solutions and payments provider, agreed to acquire Rapid Financial Solutions, a provider of reliable, scalable, and secure payments, for $68m. “As a leader in the payments solutions market for 20 years, we understand our clients’ challenges when it comes to disbursing payments. This includes required paperwork, processing paper checks, and the ability to provide immediate access of funds to recipients. The acquisition of Rapid allows us to offer our public sector clients a proven and trusted payments platform which makes disbursing these payments easy, quick, and secure," Elizabeth Proudfit, Tyler President.

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