Hyland Software, best known for its OnBase and Perceptive content management portfolios, has just announced it will acquire Alfresco Software. Both vendors were named as “Leaders” in The Forrester Wave: ECM Content Platforms, Q3 2019 (subscription required).
This is a natural next step in Hyland’s recent rejuvenation strategy. Hyland’s investments over the last year include the distributed ledger (aka blockchain) company, Learning Machine, focused on higher education credentials, and most recently the European RPA vendor (Another Monday), revealing an appetite to leapfrog into newer, adjacent markets. Historically, Hyland’s acquisitions have been smaller, natural tuck-in technologies to further entrench itself in its key verticals – insurance, higher education, healthcare, and public sector.