Tyler Technologies Inc. (TYL), a provider of integrated software and technology services to the public sector, has agreed to acquire all outstanding shares of NIC Inc. (EGOV) in an all-cash transaction valued at about $2.3 billion, the two companies said Wednesday.
Olathe, Kansas-based NIC is a digital government solutions and payments company, serving more than 7,100 federal, state, and local government agencies across the nation. The transaction is expected to close in the second quarter of 2021.
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