Tyler Technologies, a leading vendor of integrated software and technology products to public-sector customers, is buying Socrata, a Seattle firm that develops open data platforms for governments, the companies announced Wednesday.
Once the acquisition closes April 30, Socrata will become Tyler’s new Data and Insights division, said Saf Rabah, Socrata’s chief marketing and product officer. Terms of the deal were not disclosed. Socrata has raised about $55 million in venture capital since its founding 11 years ago, while Tyler, founded in 1966 in Plano, Texas, is publicly traded.
