Tyler Technologies closes MicroPact acquisition
- By Ross Wilkers
- Mar 01, 2019
Public sector software provider Tyler Technologies said Thursday has closed its $185 million acquisition of MicroPact in a deal to further move the needle on a federal market presence.
The deal adds almost 469 people and $70 million in annual revenue to Tyler. Herndon, Virginia-based MicroPact provides case management and business process management software to government agencies, including federal clients such as the Justice and Treasury departments, Social Security Administration and NASA.
First announced Feb. 1, the acquisition of MicroPact is Tyler’s second that carries implications for the buyer’s federal footprint. Tyler last year acquired data-as-a-service platform company Socrata.
But MicroPact is the “first company with much scale in the federal space that we’ve acquired,” Tyler Chief Financial Officer Brian Miller told WT upon the deal’s initial announcement.
Plano, Texas-based Tyler was predominantly focused on the state and local market before it acquired Socrata.
“Certainly federal is a logical extension, a big piece of the public sector market, and we’ve eyed it for some time but we wanted to enter the federal space through a consistent model with our existing model which is more product-based,” Miller said in the interview about the MicroPact deal.
MicroPact was founded in 1997 and was previously owned by private equity firm Arlington Capital Partners.
Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at email@example.com. Follow him on Twitter: @rosswilkers. Also connect with him on LinkedIn.