Tyler Technologies announced today it has acquired Massachusetts-based Safeground Analytics, which provides real estate appraisals and assessments for states, counties, and municipalities, according to a news release.
Terms of the deal were not disclosed.
Plano-based Tyler (NYSE: TYL) has been working with Safeground since 2015 on complicated valuation projects in New England and is currently using the company for three county-wide commercial reassessments in Delaware.
According to the release, Safeground has a big presence in the New England and mid-Atlantic markets, which complements Tyler’s nationwide footprint in appraisals.
“Tyler has been the leader in the appraisal market for more than 80 years, and we remain committed to strengthening our service offerings in this space,” Mark Hawkins, president of Tyler’s Property & Recoding Division, said in a prepared statement. “Safeground has been our partner on numerous valuation projects over the years. We continue to be impressed by the company’s strong client retention, their deep appraisal experience – particularly with complex commercial properties – and their commitment to supporting the education and training of assessors.”
Safeground’s experienced team, which provides residential and commercial reassessments, will bolster Tyler’s existing business in this space, the release said.
Safeground also has expertise in litigation support and expert witness testimony for property appraisal cases, expanding Tyler’s offering in that area.
“Joining a company with such a broad – and growing – footprint means exciting opportunities to expand our appraisal services and benefit assessors nationwide,” John Valente, CEO of Safeground, said. “Tyler and Safeground share similar values, expertise, and a commitment to International Association of Assessing Officers technical standards for fair and equitable property assessments. We are excited to integrate our expertise and make an impact on nationwide appraisal services.”
Safeground is based in Northampton, Massachusetts, and will join Tyler’s Property & Recording Division but remain remote employees in New England. Valente founded the company and will serve as Northeast Regional Appraisal Manager.
In November 2022, Tyler signed a $54 million agreement with the U.S. Department of State’s Diplomatic Security Service for its continued use of the tech company’s case management platform.
In October, Tyler signed a definitive agreement to acquire Utah-based Rapid Financial Solutions for approximately $68 million in cash and stock. The acquisition allows Tyler to offer Rapid’s payments platform to local, state and federal government clients to strengthen the payments disbursement process and improve consumer transactions.
In May, Tyler acquired Quatred, which assists clients with implementing touchless features, including barcodes. The acquisition target came with more than 150 public sector clients, including many already using a Tyler offering for assets and inventory management.
