Tyler (TYL) to Improve Probation Supervision at Arizona SC
Tyler Technologies TYL recently announced that it has signed an agreement with the Arizona Supreme Court to provide its Enterprise Supervision solution. The integrated justice solution will support Arizona’s 15 Adult Probation Departments, including the Superior Court in Maricopa County.
Tyler’s web-based software-as-a-service solution, Enterprise Supervision, is a single, comprehensive solution that provides full case monitoring and reporting for probation. It coordinates, communicates, records and tracks each step of the probation process, along with providing pretrial services. Its intuitive features streamline client management while multiple layers of security provide system protection at the data center, application and user levels.
Currently, over 200 clients across 33 states, with more than 5,000 total users, are managing clients and caseloads with the Tyler Supervision. The solution is Criminal Justice Information Services compliant and meets Amazon GovCloud requirements, further ensuring strong data integrity and security across users. By implementing this tool, the Arizona Supreme Court is likely to minimize paper-based processes, reduce manual data re-entry and increase the accessibility of key information via mobile and office devices.
It is worth mentioning that Tyler has been benefiting from the public sector’s ongoing transition from on-premise and outdated systems to scalable cloud-based systems. It has been consistently enhancing its core software applications and expanding complementary product and service portfolios to cater to the changing needs of customers while keeping pace with technological advancements.
Tyler Technologies, Inc. Price and Consensus
Tyler Technologies, Inc. price-consensus-chart | Tyler Technologies, Inc. Quote
The company has been pursuing strategic takeovers to broaden its product and service offerings, enter new markets related to local governments, attract clients and expand geographically. In May, Tyler acquired Quatred, a systems integrator and solution provider that assists clients by implementing advanced touchless technologies, including barcoding. However, Tyler faces significant integration risks due to frequent acquisitions.
Shares of the company have decreased 46.8% in the past year.
Zacks Rank & Key Picks
Tyler currently carries a Zacks Rank #3 (Hold).
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