Hyland Software provides enterprise content management (ECM) software designed to help organizations streamline their processes and share information among employees, partners, and customers. Its OnBase software, which electronically captures and manages everything from paper reports to Web content, is used by customers in industries ranging from financial services and government to manufacturing and health care. In addition to its core ECM product, the company offers modules for functions such as business process automation, digital imaging, and records management. Private equity firm Thoma Bravo owns a majority stake in Hyland, which has more than 11,300 customers around the world.
The company has offices in Brazil, Japan, the UK, and the US.
Hyland has set its sights on overtaking Open Text in order to become the largest independent company in the ECM industry, an ambitious plan given the current difference in size between the two companies. Most of Hyland's competition, however, still comes from large enterprise software companies such as Oracle, SAP, and IBM (which acquired Hyland rival FileNet).
It is also focused on international expansion and in 2012 opened a London subsidiary (Hyland Software UK) to better serve and attract European clients.
Mergers and Acquisitions
Hyland has consistently expanded its products and markets via acquisition. In 2013 it enhanced its capture-enabled services with the purchase of AnyDoc Software.
In late 2012 Hyland strengthened its services to the public market with the acquisition of Utah-based SIRE Technologies, which provides document management and agenda and minutes automation software for government agencies.
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In 2010 the company purchased eWebHealth, a provider on-demand software used to manage medical record and workflow information in small and midsized hospitals. Also that year, it bought Computer Systems Company (CSC Group), extending its presence in financial and clinical health care applications, and Hershey Systems, a provider of content management software for the higher education market. The acquisition added about 200 higher education institutions to Hyland's customer base.
In 2009 Hyland acquired document management company Valco Data Systems, expanding its services to health care clients. Valco became the division responsible for Hyland's health care offerings.