Hyland, a leading content services provider, has signed a definitive agreement to acquire Alfresco, a content services platform and solution provider. The transaction, which is expected to close in the fourth quarter of 2020, is subject to customary closing conditions and regulatory approvals.
Boston-based Alfresco is developing a state-of-the-art, cloud-native digital business platform that provides content service solutions to connect, manage and protect the most important information of companies. Upon completion of the transaction, it is expected that all of Alfresco’s business will be managed by Hyland Software, Inc.
“We are continuing to grow our business and develop our platform organically and through acquisitions,” said Bill Priemer, President and CEO of Hyland. “This acquisition will expand our global reach and enable us to help more companies achieve their digital transformation goals and be better informed, empowered and connected.”
“For 15 years, Alfresco has had a vision of delivering the most open platform for native cloud content services,” said Jay Bhatt, President and CEO of Alfresco. “With this acquisition, Alfresco brings significant geographic and industry expertise to Hyland, as well as a community of origin as a new source of product innovation. Both companies share the same passion for customer success and innovation and together will deliver more value for customers and partners.”
About Hyland
Hyland is a leading content services provider that enables thousands of organizations to deliver better experiences to the people they serve. Find us at Hyland.com.
About Hyland
Hyland is a leading content services provider that enables thousands of organizations to deliver better experiences to the people they serve. Find us at Hyland.com.
About Alfresco
Alfresco is the leading open source content services and solutions provider for information-rich enterprises with huge volumes of unstructured content.
