![]() ![]() Related to the completion and integration of acquisitions, the effects of our debt and equity financing transactions, year-end adjustments to previously reported preliminary unaudited financial information, Anyįorward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, including but not limited to risks or uncertainties Zix undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. All forward-looking statements areīased upon information available to Zix on the date this release was issued. Readers are cautioned not to place undue reliance on forward-looking statements. Statements about forecasts of sales, revenue, earnings or earnings per share, potential benefits of acquisitions and strategic relationships, or other statements about anticipations, beliefs, expectations, hopes, intentions or strategies for theįuture, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. (949) in this release that are not purely historical facts or that necessarily depend upon future events, including For more information, visit Press Release | For Distribution Zix is publicly traded on the Nasdaq Global Market under the symbol ZIXI. Focusing on the protection of business communication, Zix enables its customers toīetter secure data and meet compliance needs. Solutions for email encryption and data loss prevention, advanced threat protection, unified information archiving and bring your own device (BYOD) mobile security. Trusted by the nations most influential institutions in healthcare, finance and government, Zix delivers a superior experience and easy-to-use With a particular focus on compliance-oriented industries, DeliverySlip has built a robust data protection platform encompassing emails, large files, web forms, apps, and electronic signatures and approvals. Not including potential cross-selling opportunities, weĮxpect the transaction to add approximately $2 million of adjusted EBITDA in 2020.ĭeliverySlip serves 5 million+ users across 11,000+ It further provides an opportunity to generate higher attach rates with the cross-sell of large file transfer and document signing solutions to Zixs installed base. In addition to the cost savings of eliminating third-party royalties for the DeliverySlip solutions, the acquisition will enable our partners and customers to move forward with one comprehensive suite of email security solutions that will be The importance of executing this acquisition to eliminate any potential disruption to our partners and customers and to drive further cost savings and cross-selling opportunities, said David Wagner, Zixs Chief Executive Officer. With more than 90% of DeliverySlips revenue coming from AppRiver, we recognized In addition, it will add large file transfer capabilities to Zixs email security suite, as well as additional customers,Ĭost savings, and cross-selling opportunities. Improves the margin profile of the business by eliminating the third party royalty payable by AppRiver to DeliverySlip. Total cash consideration for the transaction is $14 million, payable in various stages between closing and October 2020. DeliverySlip is a provider of email encryption,Į-signatures and secure file sharing solutions. and wholly owned subsidiary, DeliverySlip Inc. Zix Acquires the Assets of Email Security Provider DeliverySlipĪcquisition Expands Companys Product Suite and Customer Base, Delivers Cost Savings, and Creates AdditionalĭALLAS Zix Corporation (Zix) (NASDAQ: ZIXI),Ī leader in email security, has acquired the assets of Cirius Messaging Inc. ![]()
0 Comments
Leave a Reply. |