Hyland to acquire Alfresco

yland, a leading content services provider, has signed a definitive agreement to acquire Alfresco, a content services platform and solutions provider. The transaction, expected to close in the fourth quarter of 2020, is subject to usual and customary closing conditions and regulatory approvals.

  • 4 years ago Posted in
Headquartered in Boston, Alfresco develops a modern, cloud-native Digital Business Platform that delivers content services solutions to connect, manage and protect organizations’ most critical information. Upon transaction close, the entire Alfresco business is expected to be managed under Hyland Software, Inc. 

 

“We continue to grow our business and advance our platform organically and via acquisitions,” said Bill Priemer, president and CEO of Hyland. “This acquisition will expand our global reach, enabling us to help more organisations achieve their digital transformation goals and become more informed, empowered and connected.”

 

"For 15 years Alfresco has had the vision to provide the most open, cloud native content services platform,” said Jay Bhatt, president and CEO of Alfresco. “With this acquisition Alfresco brings significant geographic and industry experience to Hyland as well as an open source community as a new source of product innovation. Both companies share the same passion for customer success and innovation and together will offer increased value for customers and partners.”

New state-of-the-art data centre features Vultr’s first AMD GPU supercompute cluster.
Only a quarter (25%) think their approach to the cloud is carefully considered and successful.
Moving to AWS Cloud will enable The Co-operative Bank to adopt cutting edge IT Infrastructure.
The global airline group will upgrade the value of its data and get its AI & generative AI ready...
Barracuda Networks’s award-winning Email Protection and Cloud Backup security solutions will be...
Leading company in renewables to leverage HPE’s unique turnkey AI infrastructure solution to...
The four-year project extension focuses on cloud transformation and enhanced operational efficiency...
Businesses in the UK are risking slower development as they fail to fully embrace technologies that...