© 2015 The Texas Lawbook.
By Natalie Posgate
(Nov. 18) – Plano-based Tyler Technologies announced earlier this week that it completed its acquisition of Troy, Mich.-based New World Systems Corporation, a leading provider of public safety and financial solutions for local governments.
Tyler’s long-time general counsel, H. Lynn Moore Jr., turned to Randy Ray of Munck Wilson Mandala to handle the acquisition. The Dallas-based deal team also included partners Larry Mandala and Audrey Mross and associates Marc Kaliser, Beau James and Amanda Greenspon.
Ray has represented Tyler since 1998, when Tyler transformed itself into a “software as service” company. Since then, his work for Tyler has included SEC reporting and compliance, acquisitions and other corporate work.
For tax and employee benefits matters, Tyler hired Clint Davis and Linda Wilkins of Dallas firms Krage & Janvey and Wilkins Finston Friedman, respectively. Tyler used Axinn, Veltrop & Harkrider in Washington, D.C. antitrust matters.
New World Systems, which has more than 2,000 public sector customers and more than 470 employees, turned to Detroit-based Honigman Miller Schwartz and Cohn to handle its end of the deal.
Separately, Tyler also completed a $300 million senior secured credit facility this week led by Wells Fargo. Dallas of counsel Laurie Lang of K&L Gates led the offering for Tyler, who received assistance from Dallas partner Craig Budner. Wells Fargo turned to Charlotte, N.C.-based lawyers at McGuireWoods.
Tyler acquired all the equity in New World Systems for $360 million in cash and approximately 2.1 million shares of Tyler’s common stock.
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