KUALA LUMPUR, Sept 22 -- Hyland, a leading content services provider, has signed a definitive agreement to acquire Alfresco, a content services platform and solutions provider.
According to a statement, the transaction, expected to close in the fourth quarter of this year, 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 organisation's 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 Hyland president and CEO, Bill Priemer.
"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."
Alfresco president and CEO, Jay Bhatt said: “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.”
More information at https://www.hyland.com/en
-- BERNAMA
Tuesday, 22 September 2020
Hyland enters agreement to acquire Alfresco
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