Hyland Acquires DM company Liberty
Hyland Software is improving their ECM solution OnBase by acquiring and integrating Document Imaging and Management provider Liberty Information Management Solutions. Hyland's OnBase ECM suite provides integrated document management, business process management and records management in a single application and can be deployed on-premise or as a hosted solution. Although the details of the deal have not been disclosed, Hyland believes they have added a number of strong elements through this acquisition including: * The addition of over 1,000 new clients * An extended reseller channel base aimed at organizations in their target vertical markets * Broader North American presence Liberty has their own software -- LibertyNET and LibertyNET Office products -- that they sell to clients in markets like state and local government, transportation and more. Their software includes functionality such as document imaging, records management, process automation, workflow, COLD/ERM and more. There are two versions: Enterprise and Office. Bruce Maylon, VP of Sales at Liberty has joined Hyland and will oversee the integration of Liberty's sales and services operations. In addition, Steve Lehrer, Liberty Chief Solutions Officer will join Hyland as a senior member of the product team. In a message to Liberty customers, Hyland CEO and President A.J. Hyland said that the Liberty offices in Costa Mesa, California and Ottawa, Ontario will remain open as Hyland satellite offices and that Hyland will continue to support the LibertyNET product. The last time we touched on Hyland Software was back in October 2007 when they released version 7 of their OnBase ECM Product. Version 7 provided business process modeling and management, a number of specific business solutions and integration with SharePoint Search 2007. Hyland Software was acquired themselves back in July 2007 when private equity firm Thomas Cressey Bravo acquired a 58% stake in the company.