Tyler Technologies Acquires ReadySub School Scheduler For Undisclosed Sum

Integrated software and technology services provider Tyler Technologies Inc TYL has acquired ReadySub, a cloud-based platform that aided school districts with nonattendance tracking, substitute teacher assignments, and automating vital payroll processes.
The financial terms of the transaction remain undisclosed.
ReadySub served 1,000 school districts across the U.S., roughly 20 of which overlap with Tyler's 2,000 school district clients.
ReadySub management and staff will become part of Tyler's Schools organization, and the current employees will continue their remote working.
Tyler recently acquired veteran claim management company DataSpec for an undisclosed sum.
Tyler held cash and investments of $758.5 million as of Dec. 31, 2020.
Price action: TYL shares traded higher by 0.13% at $432.39 on the last check Monday.

Momentum65.70

Growth89.73

Quality77.57

Value2.23

Short

Medium

Long