Core Viewpoint - Tyler Technologies, Inc. has signed a definitive agreement to acquire For The Record for approximately $212.5 million, expected to close in Q1 2026, pending regulatory approvals [1]. Company Overview - Tyler Technologies is a leading provider of integrated software and technology services for the public sector, with over 45,000 successful installations across 15,000 locations [6]. - For The Record, founded in 1993, specializes in digital court-recording solutions and is headquartered in Phoenix, Arizona, with additional offices in Boston and Brisbane [5]. Acquisition Details - The acquisition aims to enhance Tyler's Justice portfolio by integrating For The Record's advanced digital recording solutions, which include AI-powered speech-to-text and real-time multilingual transcription technology [2][3]. - The cash purchase price for the acquisition is approximately $212.5 million [1]. Strategic Benefits - The merger is expected to create a seamless courtroom ecosystem, improving access to justice and increasing courtroom efficiency by unifying fragmented data and enhancing judicial workflows [3][4]. - Incorporating For The Record's solutions will allow for the creation of a comprehensive court record, connecting digital records to case files in near real-time, thereby increasing awareness for all stakeholders [3][4]. Market Context - For The Record's solutions address operational challenges in an industry facing a declining number of court reporters, providing secure and accurate digital recordings across all 50 U.S. states [2][4].