Tyler Technologies Acquires ResourceX; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Tyler Technologies (NYSE:TYL) has acquired ResourceX, a provider of priority-based budgeting software for the public sector. The acquisition will add ResourceX's solutions to Tyler's portfolio, enhancing its offerings in the public sector budgeting space. ResourceX's applications use machine learning and AI to predict and identify multi-million-dollar opportunities, allowing clients to reallocate resources to meet desired outcomes. The company has over 60 clients across the U.S. and Canada.
October 31, 2023 | 8:54 pm
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Tyler Technologies' acquisition of ResourceX could enhance its public sector budgeting offerings and potentially attract more clients, which could positively impact its stock price.
The acquisition of ResourceX could enhance Tyler Technologies' offerings in the public sector budgeting space, potentially attracting more clients and increasing revenues. This could have a positive impact on its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100