Tyler Technologies completes acquisition of For The Record

Tyler Technologies (TYL) has completed the previously announced acquisition of For The Record, a digital court-recording pioneer with over 30 years of experience as a trusted category innovator. The acquisition includes a cash purchase price of approximately $212.5M For The Record’s SaaS solutions offer sophisticated, secure, and accurate digital recordings for the court room. Incorporating these offerings as part of Tyler’s justice portfolio will give clients the opportunity to create a seamless courtroom ecosystem, expanding efficiencies for judges, clerks, and attorneys. For The Record brings its advanced “legal grade” speech-to-text and real-time, multilingual transcription technology powered by AI to Tyler’s justice portfolio. Its proprietary, cloud-enabled software is specifically designed for the complexities of today’s courtrooms. Augmented transcription, along with digital distribution and connectivity to case management systems, will provide near real-time access to transcripts. The result will be modernized, efficient court systems which can help reduce backlogs, improve access to justice, and align more closely with digital transformation initiatives. For The Record management and team members will remain in place and continue to manage operations from their offices in Phoenix, Arizona; Boston, Massachusetts; and Brisbane, Queensland. Tyler is working closely with For The Record on an integration plan for the benefit of the combined operations.