PLANO, Texas--(BUSINESS WIRE)--Tyler Technologies, Inc. (NYSE: TYL) has signed a US$10 million agreement with BC Assessment, based in Victoria, British Columbia, for Tyler’s iasWorld® property appraisal and tax administration software. The contract includes software licenses, implementation, maintenance and support for the property valuation functions.
BC Assessment is a Crown corporation for the Province of British Columbia that creates uniform assessments and trusted property information. The province’s most recent assessment included nearly two million properties collectively valued at approximately $1.3 trillion, which raised more than $7 billion in property taxes in support of local community services.
BC Assessment’s legacy assessment system was reaching the end of its useful life, and a modern system was needed to accommodate increased workloads and customer demand. BC Assessment wanted appraisal software from a well-established and financially strong company that could become a long-term technology partner for both BC Assessment and British Columbia.
After a competitive review process, BC Assessment selected Tyler’s iasWorld CAMA™ solution, which helps jurisdictions improve assessment quality, reduce operational and overhead costs, enhance data flow between agencies, and improve employee productivity. iasWorld has been implemented in 25 U.S. states, Nova Scotia, Newfoundland and the Commonwealth of the Bahamas.
BC Assessment purchased several add-ons for the software, including iasWorld Field Mobile™ for collecting and reviewing property data in the field; iasWorld Inquiry & Appeals™ to better manage property appeals, from informal filings to formal or judicial appeals; and the iasWorld® SmartFile integrated solution for capturing virtually any type of data electronically.
“Our relationships in technology are aimed at continuously improving the accuracy and efficiency of our work,” says David Highfield, interim president and CEO of BC Assessment. “By partnering with Tyler Technologies, we will have a greatly enhanced software system that is more adaptable to the evolving needs of both our employees and customers.”
“We’re proud to partner with BC Assessment, and we look forward to blending our proven best practices with BC Assessment’s expertise,” said Andrew D. Teed, president of Tyler’s Appraisal & Tax Division. “By modernizing their software systems, Tyler is helping BC Assessment provide a more efficient and better overall experience for British Columbia property owners.”
BC Assessment will benefit from Tyler’s evergreen perpetual licensing approach that provides regular and significant, yet manageable, software enhancements without an additional relicensing fee, ensuring all systems are the latest technology.
About Tyler Technologies, Inc.
Tyler Technologies (NYSE: TYL) is a leading provider of end-to-end information management solutions and services for local governments. Tyler partners with clients to empower the public sector — cities, counties, schools and other government entities — to become more efficient, more accessible and more responsive to the needs of citizens. Tyler’s client base includes more than 14,000 local government offices in all 50 states, Canada, the Caribbean, the United Kingdom and other international locations. Forbes has named Tyler one of “America’s Best Small Companies” eight times and the company has been included six times on the Barron’s 400 Index, a measure of the most promising companies in America. More information about Tyler Technologies, headquartered in Plano, Texas, can be found at www.tylertech.com.