Document Management | News
Hyland Software Acquires Higher Ed Document Management Company
- By Dian Schaffhauser
A company that sells document management software has acquired a competitor in the higher ed space. Hyland Software recently announced that it has purchased privately held Hershey Systems, which sells Singularity, a Web-based document management firm based in Santa Fe Springs, CA. Neither company disclosed the terms of the transaction.
Singularity streamlines paper-based processes through automated workflow. The company has nearly 200 higher education customers in the United States. Hershey also has a presence in courts and commercial operations.
Hyland's flagship product, OnBase, provides similar services, though the software is available as a Web-based service or as an application installed on the institution's servers. In July 2010 Hyland added as new customers Davidson College in North Carolina, Georgetown University in Washington, D.C., and the University of Virginia Investment Management Company in Charlottesville.
"In the past year, purchasing eWebHealth and Valco Data Systems added to our momentum in healthcare. Today, it's our largest vertical market," said A.J. Hyland, president and CEO of Hyland Software. "But there is also tremendous opportunity in higher education. Hershey is a respected and established company with a proven product. Joining with our team creates a company with an unmatched level of industry expertise. It also makes Hyland one of the largest [enterprise content management] vendors in the higher education marketplace."
Dian Schaffhauser is a writer who covers technology and business for a number of publications. Contact her at firstname.lastname@example.org.