Tyler Technologies, Inc. (NYSE: TYL) has entered into a strategic sales
and marketing alliance with Record Holdings Pty Limited (Record
Holdings), an Australian, privately held company specializing in
digitizing the spoken word in court and legal settings. As part of the
new alliance, Tyler made a $15 million investment in Record Holdings to
help the company more rapidly expand in the U.S. and now holds
convertible preferred stock representing a 20 percent interest in the
company. The two companies will also share certain revenues in the
future.
Record Holdings is based in Brisbane and operates primarily in Australia
through its subsidiary, Auscript Australasia Pty Ltd (Auscript).
Auscript is the leading provider of court transcript services in
Australia. In 2013, Record Holdings acquired For The Record (FTR), a
U.S. company. Founded in 1993, FTR is the global leader of digital
recording software and hardware integration services to courts in the
U.S., Canada and throughout the world, with over 27,000 installations in
61 countries. The firm’s clients are typically court administrators and
court clerks.
Tyler plans to leverage Record Holdings’ international expertise and
relationships, particularly in Australia and the British Commonwealth,
making Odyssey®
court case management system available to courts beyond Tyler’s
traditional U.S. market.
FTR markets FALCON, a complete digital evidence recording platform for
court administrators, clerks and support staff. FTR offers a diverse
product suite:
-
Reporter™ is a multi-channel digital recording solution
-
Interrogator™ provides digital audio-visual recordings for law
enforcement interviews
-
Monitor™ centrally monitors and remotely controls court proceedings
-
Log Notes™ annotates recordings
-
Manager™ stores and archives digital recordings
-
LiveCopy™ distributes court recordings on demand
-
Player™ provides full playback control of the record
-
Court.fm™ delivers near-live access to court recordings
-
Transcript Express™ is FTR’s newest innovation for online management
of the courtroom, audio distribution, transcription process, managing
assignments, receiving payments, delivering transcripts and more, all
in real time
“FTR’s products are a natural extension to the comprehensive solution
that Odyssey provides to courts. By partnering with FTR and building
integration between our products, both Tyler and FTR will help our
clients operate more efficiently,” said Bruce Graham, president of
Tyler’s Courts & Justice Division. “We look forward to the companies’
sales and marketing teams collaborating to identify and pursue
opportunities for Tyler to grow internationally, and for FTR to
accelerate its expansion in the U.S.”
In total, Odyssey serves more than 100 million residents, a third of the
U.S. population, in more than 600 counties across 21 states. Odyssey has
been successfully deployed statewide in Indiana, Minnesota, New
Hampshire, New Mexico, North Dakota and South Dakota; statewide
implementations in Idaho, Maryland, Oregon, Rhode Island and Washington
are currently underway.
About Record Holdings Pty Ltd.
Brisbane-based Record Holdings is the owner of For The Record (FTR) and
Auscript. For The Record is the most tested and trusted digital evidence
recording platform in the world. 20 years ago, FTR pioneered the
technologies that have become the industry standard for digitizing the
spoken word. Its development operation, FTR Labs, is headquartered in
Brisbane, with an additional development facility in Perth. FTR’s sales
and support team are based in Denver, Colorado and Phoenix, Arizona, and
the company also has a presence throughout Asia Pacific, Europe, the
Middle East and Africa. Auscript has been trusted for more than 90 years
to capture, store, distribute and transcribe public and confidential
records. With the highest published quality ratings in the country,
Auscript is the market leader in mission-critical recording and
transcription services for justice, business, government, and law
enforcement clients in Australia. More information about Record Holdings
and FTR can be found at www.auscript.com.au
and www.ftr.com.
About Tyler Technologies, Inc.
Tyler Technologies (NYSE: TYL) is a leading provider of end-to-end
information management solutions and services for local governments.
Tyler partners with clients to empower the public sector — cities,
counties, schools and other government entities — to become more
efficient, more accessible and more responsive to the needs of citizens.
Tyler’s client base includes more than 11,000 local government offices
in all 50 states, Canada, the Caribbean, the United Kingdom and other
international locations. Forbes has named Tyler one of “America’s Best
Small Companies” eight times and the company has been included four
times on the Barron’s 400 Index, a measure of the most promising
companies in America. More information about Plano-based Tyler
Technologies can be found at www.tylertech.com.
Copyright Business Wire 2015