Alfresco raises $45 million to boost ECM market share

in TechRadar Pro

Nearly 10 years after it was founded, Alfresco Software has received its biggest funding yet, $45 billion (about £28 million, AU$50 million), from a number of investors led by Sageview Capital. That amount dwarfs the previous investments and brings the total money injected in the open source enterprise content management (ECM) provider to  $65.2 million (about £40 million, AU$70 million). The company, which is based in the UK, wants to "increase velocity of its Go-To-Market (GTM) strategy globally" by adding sales people, ingesting in marketing and "expanding development to drive the SaaS-ification of the content market".

Read more