 "digital payments, online, mobile, smartphone")
Tyler Technologies Inc said on Wednesday it will buy payments company NIC Inc for about $2.3 billion, as the Covid-19 pandemic has accelerated a shift to online services and electronic payments by governments.
Tyler is a provider of emergency management and other software programs to US counties and municipalities, while NIC provides digital services that help citizens make secure payments to the government, renew licenses and submit business filings.
Under the terms of the deal, NIC shareholders will get $34 per share in cash, a premium of about 14% to its last closing price.
Shares of NIC soared about 14%
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