Tyler Technologies Acquires DataSpec
March 31 2021 - 9:17AM
Business Wire
Acquisition positions Tyler as the market
leader of electronic veterans’ claims solutions
Tyler Technologies, Inc. (NYSE: TYL) today announced that it has
acquired DataSpec, a market leader dedicated to providing better
electronic management of veterans’ claims. DataSpec was developed
by sisters Tina Roff and Ann Graham. The acquisition offers
existing DataSpec clients the strength and stability of Tyler, as
well as a simple path forward to a next generation of
technology.
DataSpec’s web-based, software-as-a-service (SaaS) veterans’
claims management system, VetraSpec, is the current market share
leader. The solution allows for secure electronic claims submission
to the federal Department of Veterans Affairs (VA) and reporting
capabilities, in addition to scheduling, calendaring, and payments.
DataSpec offers county, state, and national versions of VetraSpec,
with state solutions making up the majority of implementations. The
solution allows state departments to execute and analyze reports on
the entire state, individual offices, regions and districts, and
individual users.
Tyler has a similar veterans’ benefits solution based on the
Entellitrak® platform that uses newer technology. Tyler’s Veterans
Benefits™ solution will provide VetraSpec clients a great migration
path when they are ready and, in the meantime, Tyler will continue
to support them on the VetraSpec platform. Tyler’s Entellitrak is a
low-code application development platform for case management that
is purpose-built for the public sector.
“We are excited about our new relationship with Tyler
Technologies,” said Ann Graham, vice president of DataSpec. “We are
happy that our 5,000 users will be in good hands with a stable and
innovative company like Tyler who will provide them a path forward
with a modern veterans’ benefits solution, as well as providing
other solutions for veteran’s service organizations.”
This acquisition will position Tyler as the new market leader in
veterans’ benefits management solutions. Tyler also has the
opportunity to expand its veteran-focused software offerings to VA
departments in additional states.
“DataSpec is a good fit with Tyler’s acquisition philosophy,
which includes adding best-of-breed companies and products that
complement our current offerings,” said Lynn Moore, president and
chief executive office of Tyler. “By acquiring DataSpec’s client
base, Tyler will be able to provide Veterans’ Affairs clients with
a premier solution for better management of veterans’ claims. We
look forward to incorporating DataSpec’s expertise and experience
while offering their clients a solution with a more modern
technology stack and more powerful and flexible reporting
features.”
DataSpec’s clients include veteran’s service organizations, 32
state departments of Veteran’s Affairs, VA attorneys, as well as
hundreds of counties and municipalities. It has a base of more than
5,000 users across the United States.
DataSpec was founded in 2007 and currently has four employees,
who will continue to work remotely as part of Tyler’s Federal
Division.
About Tyler Technologies,
Inc. Tyler Technologies (NYSE: TYL) provides integrated
software and technology services to the public sector. Tyler's
end-to-end solutions empower local, state, and federal government
entities to operate more efficiently and connect more transparently
with their constituents and with each other. By connecting data and
processes across disparate systems, Tyler's solutions are
transforming how clients gain actionable insights that solve
problems in their communities. Tyler has more than 27,000
successful installations across more than 11,000 sites, with
clients in all 50 states, Canada, the Caribbean, Australia, and
other international locations. Tyler has been named to Government
Technology's GovTech 100 list five times and has been recognized
three times on Forbes' "Most Innovative Growth Companies" list.
More information about Tyler Technologies, an S&P 500 company
headquartered in Plano, Texas, can be found at tylertech.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210331005175/en/
Jennifer Kepler Tyler Technologies 972.713.3770
Jennifer.Kepler@tylertech.com
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