Tyler Technologies, Inc. agreed to acquire Socrata, Inc. on April 18, 2018. Socrata had revenues of approximately $25 million in 2017. Socrata?s senior leadership team is expected to join Tyler?s team, along with substantially all of its employees. Tyler will continue to maintain Socrata?s Seattle office, as well as Tyler?s Renton, Washington, office. The transaction is expected to close on April 30, 2018. The transaction will not be accretive to Tyler?s earnings in 2018. Spurrier Capital Partners acted as financial advisor to Socrata for this transaction.

Socrata, Inc. provides cloud-based software solutions for federal, state, and local governments to transform data into actionable insights for public and government. The company offers Open Data that provides a cloud-based solution for government employees, elected officials and policymakers, residents and businesses, and developers and advocates to interact with data, create visualizations, and share insights with others; Open Performance, a performance management solution for governments to establish and communicate their goals and tangible achievements; and Perspectives that gives data owners with the ability to visualize and enrich their data. It also provides CrimeReports, an interactive crime map that helps law enforcement agencies share crime information and reach out to their communities for information and support; Open Budget, which provides an interactive experience that allows visitors to explore the operating and capital budgets of their government; Open Expenditures that provides in-depth transparency into organizational spending; and Open Payroll that provides an answer to common questions about government spending on personnel. The company serves federal, state, city, and county government; the U.S. non-profit and international organizations; and public finance and public safety in the United States and internationally. Socrata, Inc. was formerly known as blist, Inc. and changed its name to Socrata, Inc. in May 2009. The company was founded in 2007 and is based in Seattle, Washington. As of April 30, 2018, Socrata, Inc. operates as a subsidiary of Tyler Technologies, Inc.