Tyler Technologies has agreed to will buy payments company NIC for about $2.3 billion.
Tyler is a provider of emergency management and other software programs to U.S. counties and municipalities, while NIC provides digital services that help citizens make secure payments to the government, renew licenses and submit business filings.
“The pandemic has accelerated the shift by governments to online services and electronic payments as more citizens and businesses are interacting digitally with government,” Tyler Chief Executive Lynn Moore said.
Olathe, Kansas-based NIC serves more than 7,100 federal, state and local government agencies in the United States.
Tyler said it plans to fund the deal with about $700 million of cash and new debt. The deal is expected to add to Tyler’s adjusted earnings in 2021.
