M&A Deal Summary

Hyland Acquires Alfresco Software

On September 9, 2020, Hyland acquired software company Alfresco Software from Thomas H. Lee Partners

Acquisition Highlights
  • This is Hyland’s 8th transaction in the Software sector.
  • This is Hyland’s 14th transaction in the United States.
  • This is Hyland’s 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2020-09-09
Target Alfresco Software
Sector Software
Buyer(s) Hyland
Sellers(s) Thomas H. Lee Partners
Deal Type Add-on Acquisition

Target

Alfresco Software

Wellesley, Massachusetts, United States
Alfresco Software, Inc. is an enterprise open-source software company focused on making business flow quickly, seamlessly, and intelligently, by driving the convergence of enterprise content management and business process management. Alfresco Software was founded in 2005 and is based in Wellesley, Massachusetts.

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Buyer(S) 1

Buyer

Hyland

Westlake, Ohio, United States

Category Company
Founded 1991
Sector Software
DESCRIPTION

Hyland is a developer and marketer of enterprise content management (ECM) software. The company's OnBase enterprise content management solution is deployable at both the departmental and enterprise levels and provides organizations with unique, modular solutions that help them streamline their work processes and share information among their employees, business partners, and customers. Hyland was founded in 1991 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 15 of 16
Sector (Software) 8 of 9
Type (Add-on Acquisition) 11 of 12
State (Massachusetts) 2 of 2
Country (United States) 14 of 15
Year (2020) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-21 Another Monday

Cologne, Germany

Another Monday is a robotic process automation (RPA) software developer. Another Monday is based in Cologne, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Nuxeo

Brooklyn, New York, United States

Nuxeo provides an extensible and modular Enterprise Content Management Platform enabling architects and developers to easily build and run business applications. The Nuxeo Platform offers modern technologies, a powerful plug-in model and extensive packaging capabilities for Document Management, Digital Asset Management and Case Management applications. Over 1,000 organizations rely on Nuxeo to run business-critical applications, including TBWA, Electronic Arts, Verizon, Sharp, Capital One, and the U.S. Navy.

Buy -

Seller(S) 1

SELLER

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. THL was formed in 1974 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 49 of 54
Sector (Software) 5 of 6
Type (Add-on Acquisition) 17 of 18
State (Massachusetts) 5 of 5
Country (United States) 41 of 45
Year (2020) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-28 Juvare

Atlanta, Georgia, United States

Juvare is a provider of critical incident management and emergency preparedness software. The company’s innovative solutions optimise information sharing and streamline data into a common operating picture and workflow, enabling government agencies, corporations, healthcare facilities, academic institutions and public health departments to prepare for and respond to critical events more effectively. Juvare is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-14 Hexure

Colorado Springs, Colorado, United States

Hexure provides innovative sales and regulatory automation solutions to the insurance and financial services industries. The company’s core product, ForeSight, is an established, industry-leading point-of-sale illustration product for multiple lines of business including life and annuities. The company also offers a fast-growing, feature-rich SaaS e-application product, FireLight, which expedites the application data collection process with an intuitive user interface. Both products serve to automate and improve the sales process and increase the revenue of retirement and insurance products offered by some of the most established financial institutions in the country. Hexure was formed in 1995 and is based in Colorado Springs, Colorado

Buy -