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.”

Insecure cloud configurations create widespread risk, highlighting the urgent need for unified...
Experian, a global data and technology company, is embarking on the next phase of its cloud...
Private cloud now rated as a strategic equal to public cloud, driven by cost predictability, GenAI...
NVIDIA is building what it says is the world’s first industrial AI cloud for European...
The pilot program allows faster, more transparent procurement for cloud software buyers.
M247 Group, a leading international provider of hosting, data transport, and cloud solutions, has...
Datacloud Global Congress has achieved record attendance, with a 49% increase on last year’s...
AI could double the strain or solve it.