Texas entity to pay $84M for local tech company

Plano-based Tyler Technologies Inc. on Thursday announced it will acquire corrections industry service provider VendEngine for $84 million.

According to a release, VendEngine President and CEO Silas Deane will serve as general manager, supported by the current VendEngine leadership team of eight individuals. VendEngine — which provides trust accounting and digital messaging services to incarcerated individuals and their families — will continue to be based in Nashville. The 10-year-old company operates in more than 230 counties and 32 states and is home to 55 people.