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.

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.”

DE-CIX introduces AWS Cloud On-Ramp in Istanbul for secure, high-performance cloud access,...
Hitachi Vantara's Virtual Storage Platform One lands on Google Cloud Marketplace, enhancing hybrid...
Optus partners with Nokia to enhance 5G services with a cloud-native approach, leveraging hybrid...
Numecent's latest update introduces native support for Windows on Arm, paving the way for seamless...
Leostream introduces a secure solution for external stakeholders, ensuring safe and efficient...
Zen Internet earns AWS Small and Medium Business Competency, reinforcing its dedication to SMBs...
Parallel Works introduces its ACTIVATE AI Partner Ecosystem, enhancing AI infrastructure with...
Brazil's Hcor harnesses Oracle's cloud solutions to independently manage critical immunology...