iasWorld® CAMA solution selected to aid in the development of a modern property appraisal system project issued by the Ministry of Home Affairs, Brunei
Tyler Technologies, Inc. (NYSE: TYL) has signed a contract to work jointly with ITIS Wescot Technology SDN (Wescot) to deliver Tyler's iasWorld® property appraisal and tax administration software and complementary services to the Ministry of Home Affairs, Brunei, a sovereign state located on the north coast of the island of Borneo in Southeast Asia.
Brunei issued an opportunity to bid and received international responses from several appraisal companies for a computer-assisted mass appraisal (CAMA) solution to help the nation establish a modern property system and digitize property records. Tyler was selected for its leadership position in the industry based on more than 75 years of experience and the broad scope of iasWorld's CAMA functionality.
Tyler's iasWorld Web-based, GIS-enabled CAMA solution includes applications for property value estimates, inquiries and appeal tracking and field management for project planning and task assignments. As part of the agreement, Tyler will provide staff onsite during implementation, which is scheduled to begin in March. Tyler will work with Brunei contractor Wescot Technology and will provide day-to-day delivery and support of iasWorld, as well as overall project management services.
"iasWorld is a highly configurable and modern property assessment and tax administration system that has been implemented in jurisdictions across the U.S. and internationally," said Andrew D. Teed, president of Tyler's Appraisal & Tax Division. "We are confident that we can help Brunei achieve their goals of implementing a robust solution that will adapt to their changing needs."
Brunei has approximately 451,000 residents and 70,000 known taxable real estate parcels.
About Tyler Technologies, Inc.
Tyler Technologies (NYSE: TYL) is a leading provider of end-to-end information management solutions and services for local governments. Tyler partners with clients to empower the public sector - cities, counties, schools and other government entities - to become more efficient, more accessible and more responsive to the needs of citizens. Tyler's client base includes more than 11,000 local government offices in all 50 states, Canada, the Caribbean, the United Kingdom and other international locations. Forbes has named Tyler one of "America's Best Small Companies" seven times and the company has been included four times on the Barron's 400 Index, a measure of the most promising companies in America. More information about Plano-based Tyler Technologies can be found at www.tylertech.com.
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