By Reuters Staff
(Adds details on companies, background, shares)
Feb 10 (Reuters) - Tyler Technologies Inc said on Wednesday it will buy payments company NIC Inc for about $2.3 billion, as the COVID-19 pandemic has accelerated a shift to online services and electronic payments by governments.
Tyler is a provider of emergency management and other software programs to U.S. counties and municipalities, while NIC provides digital services that help citizens make secure payments to the government, renew licenses and submit business filings.
Under the terms of the deal, NIC shareholders will get $34 per share in cash, a premium of about 14% to its last closing price.
/PRNewswire/ Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS.
/PRNewswire/ Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies: RigNet, Inc. (NASDAQ: RNET) concerning.
Plano-based Tyler Technologies Inc. is growing again with a $2.3 billion all-cash deal to acquire a government payments company that handled 400 million.
Tyler Technologies Inc said on Wednesday it will buy payments company NIC Inc for about $2.3 billion, as the COVID-19 pandemic has accelerated a shift to online services and electronic payments by governments.