Tyler Technologies announced that it has closed on its deal to acquire New World Systems Corporation, a provider of public safety and financial solutions for local governments. The purchase consideration was approimately $670M in cash and stock. The company is projected to contribute $134M in revenue, $49M in adjusted EBITDA, and non-GAAP EPS of $0.56 for the year ending December 31, 2016.
The company's products include Aegis, a comprehensive suite for dispatch centers, police officers, firefighters, and first responders, and Logos, a suite of public administration software for city and county governments.
Wells Fargo Securities, LLC advised Tyler Technologies for on the transaction.
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