Hyland Software
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| Type | Private |
|---|---|
| Industry | Computer software, document management |
| Founded | 1991 |
| Founder(s) | Packy Hyland Jr. |
| Headquarters | Westlake, Ohio, USA |
| Key people | A.J. Hyland, President & CEO Chris Hyland, CFO Miguel Zubizarreta, Chief Technology Officer Bill Priemer, Executive V.P. & COO Brenda Kirk, V.P. Strategy Nancy Stickney, V.P. Sales, North America |
| Products | OnBase enterprise content management solution |
| Employees | 1,200+ |
| Website | www.Hyland.com |
Hyland Software Inc. is the developer of the enterprise content management (ECM) software suite called OnBase. Various applications of the suite are used by different industries, with the primary areas being healthcare, financial institutions, insurance, government, higher education and manufacturing. Hyland Software is headquartered[1] in Westlake, Ohio and also has other offices in Bloomfield Hills, Michigan; Lincoln, Nebraska; Irvine, California; São Paulo, Brazil; London, England; Tokyo, Japan; Salem, New Hampshire and most recently, Andover, Massachusetts.
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[edit] Corporate History
[edit] Founding
Hyland Software was established in 1991 by Packy Hyland Jr. He met with members of the Necedah Bank to discuss their data processing and how electronic information technology could reduce printing costs by storing daily reports directly to optical disk. Packy Hyland created the first version of OnBase for the Necedah Bank, which became Hyland Software's first customer. Since OnBase was originally created for a bank, a majority of Hyland Software's customers were in the banking industry until recently when the healthcare and government fields became key industries.[2]
[edit] Private Equity Firm
The private equity firm Thoma Cressey Bravo acquired 58% of Hyland Software on July 31, 2007. Shareholders approved the deal on July 12, 2007. Thoma Cressey Bravo paid $265 million for the deal, including $150 million in equity. Management retained their share of the company, amounting to roughly 20%, with the remaining shares being owned by employees and other friends and family members. Hyland Software's management team remained in place during this acquisition.[3]
[edit] Acquisition History
September 1, 2006: Matrix Imaging (private enterprise content management company in Bloomfield Hills, Michigan specializing in the higher education sector)[4]
July 1, 2008: Liberty Information Management Systems (IMS) (private Costa Mesa, California-based enterprise content management company, also with office in Ottawa, Ontario)[5]
Hyland acquired the company to gain a larger customer and partner base. Liberty IMS had approximately 1,000 customers at the time of the acquisition.
July 1, 2009: Valco Data Systems (private, Salem, New Hampshire-based healthcare software and software integration company)[6]
The company had more than 300 healthcare customers, mostly community hospitals. Valco's software was noted for being strongly integrated with software from MEDITECH.
March 1, 2010: eWebHealth (private, Reading, Massachusetts-based provider of hosted medical records workflow solutions) [7]
The company had more than 90 healthcare customers, all deployed by Software-as-a-Service, or SaaS. Their specific expertise is in the areas of coding and revenue cycle workflow solutions.
September 1, 2010: Hershey Systems (private, Santa Fe Springs, California maker of Singularity, a document management system marketed to higher education institutions) [8]
September 24, 2010: Computer Systems Company, Inc. (dba The CSC Group) (private, Strongsville, Ohio-based provider of healthcare software and document conversion services) [9]
[edit] Milestones
- Gartner Magic Quadrant for ECM 2010 recognized Hyland Software as a "Leader"[10] - 2010
[edit] Product
Hyland Software's OnBase product integrates document management, business process automation and records management. Industry analysts such as Forrester Research focus on the product's imaging and archiving capabilities as its strengths.[11]
The OnBase product also offers integrations with Microsoft,[12] SAP, Oracle Corporation[13] and Lawson.[14]
[edit] Services
[edit] OnBase OnLine
This service is a Web version of Hyland Software's traditional OnBase product offering. Applications are hosted at a data center and accessed over a secure Internet connection.
[edit] Corporate Culture
Hyland Software has been recognized in the Northeast Ohio region for its organizational culture. It was named to the NorthCoast 99,[15] an annual recognition program that honors 99 workplaces in Northeast Ohio, in 2000, 2005, 2006, 2007, 2008, 2009, 2010, and 2011.
[edit] See also
[edit] References
- ^ Hoovers
- ^ Healthy Growth
- ^ Hyland Software sold
- ^ Hyland Software Acquires Matrix Imaging
- ^ Hyland Gains Liberty IMS
- ^ Hyland Software acquires Valco Data Systems
- ^ Hyland Software buys medical record workflow company eWebHealth
- ^ Hyland Software Acquires Higher Ed Document Management Company
- ^ Hyland Software builds on ECM portfolio with CSC deal
- ^ Gartner Magic Quadrant for ECM, 2010
- ^ Hyland Software Is An ECM Suite Strong Performer
- ^ Hyland Software is a Microsoft Gold Certified Partner
- ^ Hyland Software's OnBase Receives Oracle Validation for Integration to Oracle E-Business Suite 11i
- ^ Hyland Software is a Lawson Partner
- ^ NorthCoast 99
[edit] External links
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