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PLANO, Texas - Tyler Technologies, Inc. (NYSE:TYL) has acquired Edu.Link Incorporated (Edulink), a provider of educator evaluation, compliance tracking, and workflow automation solutions, the company announced Tuesday. The S&P 500 company, with a market capitalization of nearly $20 billion, continues its expansion in the education technology sector despite trading near its 52-week low.
The acquisition aims to strengthen Tyler’s School ERP human resources capabilities by adding deeper functionality for evaluations, clearances, professional development, and district-wide workflow automation. The combined solutions will provide districts with more unified visibility across HR, compliance, and operational processes. This strategic move aligns with Tyler’s growth trajectory, as the company has maintained 10.6% revenue growth over the last twelve months, reaching $2.3 billion according to InvestingPro data.
Edulink’s main products include PAETEP, an electronic teacher evaluation portal that streamlines observations and performance reviews, and Comply, which helps schools manage requirements such as professional development, clearances, and state mandates. Comply also handles administrative workflows including field trip requests and reimbursements.
"Supporting schools and educational institutions is foundational to Tyler’s mission of creating stronger communities," said Sean Marlow, president of Tyler’s Municipal & Schools Division, according to the company’s press release.
Edulink co-founder David Myers stated that joining Tyler will allow the company to expand its commitment to educational institutions across the country by combining its talent management expertise with Tyler’s broader offerings.
Founded in 1998 and based in Cranberry Township, Pennsylvania, Edulink’s management and staff will become part of Tyler’s Municipal & Schools 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 more than 45,000 installations across 15,000 locations.
In other recent news, Tyler Technologies has made significant strides with the acquisition of CloudGavel, a provider of electronic warrant solutions. This acquisition is expected to bolster Tyler’s position in the courts, justice, and public safety markets by enabling remote electronic warrant submissions and reviews. In terms of financial performance, Tyler Technologies reported third-quarter revenue of $595.9 million, marking a 10% increase compared to the previous year and slightly surpassing the consensus estimate of $595.0 million. Following these results, several analyst firms have adjusted their price targets for the company. Truist Securities lowered its price target to $675 while maintaining a Buy rating, citing solid results and confidence in sustainable revenue growth. DA Davidson also reduced its price target to $540, maintaining a Neutral rating, as the company’s revenue and adjusted EBITDA were within 1% of forecasts. Evercore ISI lowered its target to $575, noting the solid quarter and a slight increase in revenue and non-GAAP EPS guidance. Citizens, however, reiterated a Market Outperform rating with a $700 price target, reflecting optimism after the third-quarter results.
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