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PLANO, Texas - Tyler Technologies, Inc. (NYSE:TYL) announced it has acquired CloudGavel, a provider of electronic warrant solutions. The acquisition aims to strengthen Tyler's position in the courts, justice, and public safety markets by enhancing the connection between courts and law enforcement agencies. The move comes as Tyler, with a market capitalization of $20.06 billion, continues to expand its public sector software offerings despite its shares trading near 52-week lows.
CloudGavel's technology enables electronic warrant submissions and reviews to be conducted remotely on any internet-connected device. The platform allows officers to obtain warrants on scene in minutes rather than hours and provides real-time updates on warrant statuses. This acquisition aligns with Tyler's strategy of maintaining strong revenue growth, which reached 10.62% over the last twelve months.
"We're thrilled to have CloudGavel as a part of Tyler to propel our vision," said Rusty Smith, president of Tyler's Justice Group, according to a press release statement.
The companies began partnering in 2023. CloudGavel CEO and Founder Pratyush Kumar said, "We are energized to continue building on that strong foundation that is united by shared values and an entrepreneurial spirit."
The acquisition is expected to benefit public safety agencies by allowing warrants to be served and tracked more efficiently, eliminating trips to courthouses and reducing data entry efforts. The technology also provides real-time visibility into warrant statuses, which can enhance officer safety in the field.
CloudGavel is based in Baton Rouge, Louisiana. Its management and staff will join Tyler's Courts & Justice Division. Financial terms of the acquisition were not disclosed.
Tyler Technologies, an S&P 500 company headquartered in Plano, Texas, provides integrated software and technology services for the public sector with over 45,000 installations across 15,000 locations.
In other recent news, Tyler Technologies reported its third-quarter 2025 financial results, showcasing a revenue of $595.9 million, which marks a 10% year-over-year increase and slightly surpasses the consensus estimate of $595.0 million. The company's earnings per share (EPS) also exceeded expectations, coming in at $2.97 compared to the forecasted $2.86. Following these results, Tyler Technologies adjusted its revenue guidance to a range of $2.335 billion to $2.360 billion and raised its non-GAAP EPS guidance by $0.10 at the midpoint to a range of $11.30 to $11.50.
Analyst reactions to these developments varied. Truist Securities maintained a Buy rating on Tyler Technologies, citing confidence in the company's ability to drive growth in SaaS, subscription, and recurring revenue. DA Davidson lowered its price target to $540, maintaining a Neutral rating, while Evercore ISI adjusted its price target to $575, keeping an "In Line" rating. Citizens reiterated its Market Outperform rating with a $700 price target.
These developments reflect Tyler Technologies' strong performance in the third quarter and the varied perspectives of analysts on its future prospects.
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