Tyler Technologies to Acquire For The Record in $258M Deal

Tyler Technologies, Inc (NYSE: TYL) has announced its definitive agreement to acquire For The Record for an enterprise value of $258 million. The acquisition aims to enhance the public sector by expediting the justice process and establishing notable courtroom efficiencies. By integrating For The Record solutions into Tyler's Courts & Justice portfolio, a more comprehensive court record will be created. This will provide courts with unprecedented visibility and productivity, connecting the digital record to the case file in near real-time.

The acquisition is set to accelerate Tyler Technologies' ability to innovate with next-generation technologies, ultimately delivering increased resources and insight to the justice system. For The Record, a global leader in courtroom recording and speech-to-text technologies, has installations in over 80 countries and aims to continue delivering transformative solutions for courts globally.

The company is focused on advancing transparency and accessibility through its innovative solutions such as FTR Justice Cloud and FTR RealTime.