Tyler Technologies Acquires Rapid Financial Solutions
October 27, 2022
Tyler Technologies has signed a definitive agreement to acquire Rapid Financial Solutions for approximately $68 million in cash and Tyler stock. Rapid, a Logan, Utah-based payments platform provider with more than 1,500 customers in courts, county offices and correctional facilities, will join Tyler's Payments business unit within the NIC Division to expand Tyler's payment disbursement and card issuance capabilities for government clients.
- Buyers
- Tyler Technologies, Inc.
- Targets
- Rapid Financial Solutions
- Industry
- Payments & Fintech
- Location
- Utah, United States
- Transaction Type
- Buyout
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