(Trinity Church, Copley Square, Boston. Source: Pixabay.)
Hyland, a content services provider based in Cleveland, Ohio, has signed a definitive agreement to acquire Alfresco, a content services platform and solutions provider. The transaction is expected to close in the fourth quarter of 2020. The Alfresco announcement comes within three weeks of Hyland’s announcement of its acquisition of Another Monday, a German-based robotic process automation (RPA) software developer.
Headquartered in Boston, Alfresco develops a cloud-native Digital Business Platform that delivers content services solutions to connect, manage and protect organizations’ 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,” comments Bill Priemer, president and CEO, Hyland. “This acquisition will expand our global reach, enabling us to help more organizations achieve their digital transformation goals and become more informed, empowered and connected.”
Passion for Customer Success and Innovation
“For 15 years Alfresco has had the vision to provide the most open, cloud native content services platform,” comments 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.”