WASHINGTON, DC, January 31, 2025 – Ascend Capital Group served as the exclusive financial advisor to MyGov, a leading provider of cloud-based community development and asset management solutions, in its acquisition by Tyler Technologies, Inc. (NYSE: TYL).
Founded in 2002, MyGov has developed a scalable community development platform that helps municipalities modernize permitting, code enforcement, electronic plan submittals, inspections, planning, zoning, and asset management. With a strong presence in Texas and a growing national footprint, MyGov’s technology enables local governments to streamline critical processes and improve operational efficiency.
Tyler’s acquisition of MyGov brings together Tyler’s public sector expertise with MyGov’s success serving municipalities utilizing MyGov’s community development and asset management solutions. MyGov will bring a complementary solution to Tyler’s product portfolio providing community development and asset management specifically tailored for towns, cities, and counties across the United States.
“We are excited to join Tyler and expand the company’s expertise and footprint in the public administration market,” said Stephen Burnsworth, founder and product director of MyGov. “MyGov’s integrated community development suite will complement the rest of Tyler’s extensive enterprise portfolio, bringing another option to streamline community development and asset management.”
With MyGov joining Tyler’s Municipal & Schools Division, the acquisition strengthens Tyler’s public administration offerings, integrating MyGov’s purpose-built solutions with its existing government software suite. The partnership will enhance Tyler’s ability to provide municipalities with innovative tools that drive efficiency and improve service delivery. Moreover, the scalability and easy implementation of MyGov will enable Tyler to quickly meet the needs of small and mid-sized communities. These municipalities will also be able to leverage other Tyler solutions, including integrations with Tyler’s enterprise resource planning (ERP) systems.
Reflecting on the process, Stephen noted, “Partnering with Ascend Capital Group was instrumental in guiding MyGov through this important transition. Their expertise and commitment ensured that we navigated the complexities of the sale with confidence and clarity. As we join forces with Tyler Technologies, I’m excited for the next chapter of growth and innovation, and I’m grateful for Ascend’s role in helping us reach this milestone.”
DJ Palmer, Managing Director at Ascend Capital Group, emphasized the significance of this transaction, stating, “It was a privilege to work alongside Stephen and the MyGov team throughout this process. Their dedication to building a best-in-class platform for municipalities made this a compelling partnership for Tyler Technologies. This transaction highlights the growing demand for integrated community development solutions, and we are proud to have played a role in securing the right strategic outcome for MyGov.”
The acquisition ensures continuity for MyGov’s clients while expanding Tyler’s capabilities in the sector and making government more efficient through a unified approach via OneTyler. It also underscores Ascend’s expertise in GovTech, as well as advising software companies and its commitment to guiding founders and teams through transformative transactions.
