Hyland to acquire Alfresco
Hyland, a content services provider, 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.
Headquartered in Boston, Alfresco develops a 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 organizations achieve their digital transformation goals and become more informed, empowered and connected."
"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," said Jay Bhatt, president and CEO of Alfresco. "Both companies share the same passion for customer success and innovation and together will offer increased value for customers and partners."
For more information, go to www.hyland.com.