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BREAKING: Tyler Technologies to Acquire NIC Two of the largest gov tech companies are merging in what will almost certainly be the biggest deal the industry has ever seen.

Tyler Technologies announced Tuesday that it was acquiring NIC for $2.3 billion. Both companies are among the handful of gov tech firms that are publicly traded, and Tyler will pay NIC stockholders $34 per share.

The move, still subject to approval by regulators and NIC’s shareholders, would combine Tyler’s extensive reach into software for local government with NIC’s traditional strength among state governments. NIC, which began in 1992 under the name Kansas Information Consortium, made inroads in its niche by offering state agencies websites and digital services for no up-front cost — instead, it profits from transaction fees.

And they want to expand in the federal government market as well.

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This is a breaking news story. Follow along with Gov Tech Biz as we dive deeper into the Tyler-NIC deal and everything else happening in the industry.

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GovTechBiz is our weekly newsletter covering the companies, deals and trends in the business of gov tech. Got a news tip? Other feedback? We’re listening. Send it to GovTechBiz Writer Ben Miller at biz@govtech.com.

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