Benzinga | Apr 5, 2021 11:38AM EDT

Tyler Technologies Acquires ReadySub School Scheduler For Undisclosed Sum

* Integrated software and technology services provider Tyler Technologies Inc (NYSE: TYL) has acquired ReadySub, a cloud-based platform that aided school districts with nonattendance tracking, substitute teacher assignments, and automating vital payroll processes.

* The financial terms of the transaction remain undisclosed.

* ReadySub served 1,000 school districts across the U.S., roughly 20 of which overlap with Tyler's 2,000 school district clients.

* ReadySub management and staff will become part of Tyler's Schools organization, and the current employees will continue their remote working.

* Tyler recently acquired veteran claim management company DataSpec for an undisclosed sum.

* Tyler held cash and investments of $758.5 million as of Dec. 31, 2020.

* Price action: TYL shares traded higher by 0.13% at $432.39 on the last check Monday.