Welcome!

Containers Expo Blog Authors: Elizabeth White, Yeshim Deniz, Dana Gardner, Flint Brenton, Liz McMillan

News Feed Item

Alfresco Closes $45 Million Investment to Accelerate Disruption of the Enterprise Content Management (ECM) Market

Alfresco Software, a leading enterprise content management provider, today announced that it has raised $45 million in growth capital to increase velocity of its Go-to-Market (GTM) strategy globally – focused on adding sales people, investing in marketing, and expanding development to drive the SaaS-ification of the content market. Named as a Visionary in the Gartner ECM Magic Quadrant five years in a row, Alfresco is growing by more than thirty percent annually and at triple the pace of the ECM market overall1.

Against the backdrop of legacy ECM technology offerings, Alfresco is instead known for its modern and open enterprise content management system that is the top choice today for companies who require enterprise-grade, highly-compliant ECM to manage business-critical content. Leading today’s investment is Sageview Capital, joined by existing investors Accel Partners, Mayfield Fund and SAP Ventures.

“Alfresco has clearly established itself as the de facto ECM platform for customers who desire smart and modern software that unlocks the power of business-critical content, process and collaboration,” said Ned Gilhuly, Founding Partner at Sageview Capital. “We are focused on providing growth capital for companies that bring an innovative approach to large market opportunities. As demonstrated by its superior growth, product strength, partner ecosystem and leadership team, Alfresco is a great fit for our portfolio.

This investment brings Alfresco’s total funding to $65.4 million. Alfresco has used its past investments to disrupt the ECM industry by providing highly-compliant, enterprise-grade content management systems that work across on premise, cloud, mobile, and hybrid environments.

“Doug Dennerline joined as CEO 19 months ago to refocus Alfresco on investing in its own growth – and it’s working,” said Kevin Comolli, Partner at Accel Partners. “The company is taking precise investment steps to grow its business, aggressively compete and deliver a differentiated product to the market. As Alfresco’s sole series A investor, we are thrilled to see how far the company has come.”

Fueled by a differentiated hybrid model and open-source DNA, Alfresco now serves more than 1800 active customers in 212 countries, managing more than 7 billion documents for over 11 million users worldwide. Its customer base is responsible for mission-critical content that can only be managed by a modern architecture built on open standards, one that meets the highest compliance requirements and offers a choice in deployment options. Select Alfresco customers include: Amnesty International, Bristol City Council, Cisco, DAB Bank, Eurostar International, FOX, Harvard Business Publishing, KLM, LexisNexis, NASA, New York Philharmonic, Office Depot, Oxfam International, PGA TOUR, Saks Fifth Avenue, and Sony Entertainment.

“Alfresco is innovating at the intersection of business-critical content, process and collaboration,” said Doug Dennerline, CEO of Alfresco. “With a customer renewal rate at 90 percent and a strong balance sheet, we took additional funding as jet-fuel to take the company and industry to the next level in critical business services.” For more commentary from Dennerline regarding this round of investment, visit here.

With this investment, Ned Gilhuly, Founding Partner at Sageview Capital joins Alfresco’s Board of Directors. Jeff Klemens, Principal at Sageview Capital also joins as a Board Observer.

About Sageview Capital

Sageview Capital is a private investment firm that makes growth capital investments in small and mid-sized companies, focused primarily on the technology, financial services, and energy sectors. The firm’s investments include Avalara, GoPro, Reflexis, EverBank Financial, United Capital and Exaro Energy III. The firm was founded in 2006 by Ned Gilhuly and Scott Stuart, both formerly partners of Kohlberg Kravis Roberts & Co. (KKR). Sageview Capital has offices in Greenwich, Connecticut; Palo Alto, California; and Stockholm, Sweden. For more information, visit http://www.sageviewcapital.com.

About Alfresco

Alfresco helps teams share, manage and retain content across the extended enterprise with simplicity that end users love and smarts that IT can endorse. Alfresco enables organizations in more than 212 countries to collaborate more effectively, improve business process efficiency and ensure information governance. Across cloud, mobile, hybrid and on-premise environments, Alfresco is smart enterprise content made easy. Founded in 2005, Alfresco is headquartered in Maidenhead, outside of London, UK with U.S. headquarters in San Mateo. CA. Please visit us at http://www.alfresco.com.

1Calculations performed by Alfresco Software based on Gartner Report, Market Share Analysis: Enterprise Content Management, Worldwide, 2013 Analyst(s): Tom Eid, Bianca Francesca Granetto, 2013 Published: 2 June 2014.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
I think DevOps is now a rambunctious teenager - it's starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessio...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
Announcing Poland #DigitalTransformation Pavilion
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
CloudEXPO | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution. In his session at @ThingsExpo, Akvelon expert and IoT industry leader Sergey Grebnov provided an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
JETRO showcased Japan Digital Transformation Pavilion at SYS-CON's 21st International Cloud Expo® at the Santa Clara Convention Center in Santa Clara, CA. The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...