The private transaction addsed more than 1,000 users of Liberty IMS document-centric business process management software to Hyland's existing base of 7,200 clients, including 400 credit unions that use the company's OnBase enterprise content management software suite.
"Bringing our two companies together will provide our customers and partners with an even broader set of capabilities with which to drive down costs and decrease inefficiencies while improving their business processes," said Steve Lehrer, formerly chief solutions officer at Liberty IMS, who will be joining Hyland as a senior member of the product team.
The acquisition will allow Hyland to extend its reseller channel base with an established network of Liberty IMS channel partners, who possess domain expertise in selling and supporting document imaging, COLD/ERM and workflow solutions, the company said.
It also will allow Hyland to broaden its presence in the western United States and central Canada by maintaining Liberty IMS's offices and an existing team of ECM professionals in Costa Mesa, Calif., and Ottawa, Ontario.
--mrapport@cutimes.com
