Tyler Technologies to Acquire Rapid Financial Solutions
Summary
PLANO, Texas--(BUSINESS WIRE)--Tyler Technologies, Inc. (NYSE: TYL) announced today it has signed a definitive agreement to acquire Rapid Financial Solutions (Rapid), a leading provider of reliable, scalable, and secure payments with best-in-class card issuance and digital disbursement capabilities. This includes required paperwork, processing paper checks, and the ability to provide immediate access of funds to recipients,” said Elizabeth Proudfit, president of Tyler’s NIC Division. Its more than 1,500 customers nationwide include courts, county offices, and correctional facilities, who use Rapid’s solutions to make payments related to juries, restitution, inmate release, and probation. “Our two organizations have a common focus on continuous innovation and a shared passion for making customer interactions stronger and more secure. NIC and Tyler are united in their mission to empower public sector entities to operate more efficiently and connect more transparently with their constituents and with each other.
