Hyland ( https://www.hyland.com/en), a leading content services provider, has 
signed a definitive agreement to acquire Alfresco(https://www.alfresco.com/ ) , 
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 organization'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 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."
 
"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."

For more information about Hyland and its leading content services platform, 
visit Hyland.com.( https://www.hyland.com/en)

About Hyland
Hyland is a leading content services provider that enables thousands of 
organizations to deliver better experiences to the people they serve. Find us 
at Hyland.com.

About Alfresco
Alfresco is the leading open source content services and solutions provider for 
information-rich enterprises with huge volumes of unstructured content. 

SOURCE: Hyland