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Hyland acquires Alfresco and strengthens its global presence
16 September 2020
Hyland, publisher of the enterprise content management platform OnBase, is about to acquire Alfresco, also a specialist in content management. The transaction is expected to be finalized during the fourth quarter of 2020; at that point, all of Alfresco's activities will be transferred to the Hyland flag.
Founded in 2005, Alfresco offers an open source solution already adopted by 11 million users across 190 countries. Its clients are often in the public sector. Its platform provides paperless management solutions for the most sensitive content.
Hyland, for its part, has been developing, selling and supporting its OnBase content management platform since 1991.
Hyland, for its part, has been developing, selling and supporting its OnBase content management platform since 1991.
With this acquisition, Hyland is extending its network using a method that has been developed for several years: the strategic progressive takeover of specific competitors.
"We continue to grow our business and grow our platform organically, through acquisitions," confirmed Bill Priemer, president of Hyland. "This acquisition will expand our presence in the world, allowing us to support more clients in their digital transformation."
“For 15 years, Alfresco has been committed to providing the most open cloud-native cloud content management services platform,” said Jay Bhatt, CEO of Alfresco. "With this acquisition, Alfresco brings its geographic location and technical experience to Hyland, as well as its open source community, a true source of product innovation. Our two companies share the same passion for customer success and innovation and, together, we will be able to offer real added value to our future customers and partners."
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