Wednesday, July 23, 2008

Hyland Software acquires Liberty Information Management Systems

Announced Monday, Hyland Software has attained Liberty Information Systems. The transaction was private. Hyland Software is a fast growing independent software vendor, and specializes in enterprise content management. Hyland Software’s current product, OneBase® Enterprise Content Management, is known as a standout product for meeting the transactional content management needs of both small and large enterprises by industry analysts.

Steve Lehrer, formerly Chief Solutions Officer at Liberty IMS, had this to say about the transaction:

Liberty IMS and Hyland Software share the same values. Both companies have remained focused on developing solutions driven by customer requirements and not industry hype. 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.

Source: Street Insider

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