Posted September 08, 2021
Tyler Technologies, Inc. (NYSE:TYL) and VendEngine, Inc. jointly announced today that Tyler has completed the previously announced acquisition of VendEngine, a privately-held cloud-based software provider focused on financial technology for the corrections market.
Tyler and VendEngine will boost innovation and further integrate technology to better serve incarcerated individuals and their families. In addition, with a shared commitment of leveraging technology aimed at improving communities, Tyler's acquisition of VendEngine enables both companies to better respond to the evolving needs of local and state government agencies, and the residents they serve.
"Together, Tyler and VendEngine will provide a complete and robust cloud-based technology system aimed at making a positive impact on the courts and justice market, setting incarcerated individuals up for success, and reducing national recidivism rates," said Rusty Smith, president of the Courts & Justice Division at Tyler. "VendEngine supports inmates and their families throughout the period of incarceration, and Tyler will maintain this focus while leveraging its size and scale to expand upon VendEngine's mission. This transaction provides significant opportunities to continue innovating and expanding offerings across Tyler's entire corrections client base and throughout the market."
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