(By Balaseshan) Tyler Technologies Inc. (NYSE: TYL) said it has agreed with the city of Naples, Florida, to provide the Tyler Munis enterprise resource planning (ERP) solution to replace the city's 18-year-old legacy system.
The agreement includes related professional services, training and support. Naples selected several applications from Tyler's Munis suite, including financial management, human capital management, and citizen, employee and vendor self service.
Munis was selected after a competitive review during which the city of Naples determined that Tyler's ERP solution was best suited to meet the city's needs.
Naples cited several key requirements in its review, including that the ERP system requires minimal customization, that it integrates with existing information, is intuitive for users, and demonstrates critical reporting capabilities and Web integration.
Naples is the county seat for Collier County in Southwest Florida. The city serves about 20,000 residents and has approximately 450 employees.
Tyler Technologies is a provider of integrated information management solutions and services for the public sector, with a focus on local governments. Tyler's client base includes more than 10,000 local government offices in all 50 states, Canada, the Caribbean and the United Kingdom.
TYL is trading up 0.74 percent at $46.54 on Wednesday. The stock has been trading between $28.74 and $49.60 for the past 52 weeks.