Public sector software provider Tyler Technologies (NYSE: TYL) has agreed to purchase MicroPact from Arlington Capital Partners for approximately $185M in cash in a move to broaden its footprint in the federal government sector.
Plano, Texas-based Tyler said Friday the companies expect to close the transaction on March 15, subject to federal approvals and other customary closing conditions.
Established in 1997, Herndon, Va.-based MicroPact operates with 469 employees and provides commercial off-the-shelf business process management and case management applications to government clients, including the entellitrak app based on the Data-First approach.
“We’re particularly excited about the opportunity to significantly expand our total addressable market through MicroPact’s strong presence in the federal market,” said Lynn Moore, president and CEO of Tyler.
Moore said the acquisition will allow Tyler to expand its business across complementary and new markets, position the company in health and human services and other practice areas and build up its product portfolio.
Under the transaction, Tyler will gain access to MicroPact’s Global Alliance program, which includes Amazon Web Services, Accenture (NYSE: ACN), Booz Allen Hamilton (NYSE: BAH), CACI International (NYSE: CACI), NTT Data and General Dynamics’ (NYSE: GD) information technology business as well as public sector customers including NASA and the departments of Justice and Treasury.
Spurrier Capital Partners served as MicroPact’s financial adviser in the deal.