The publicly traded company has a market cap of $332 million. Zix is a maker of email archiving and security products, including ZixMail secure email, which automates key management to provide end-to-end email encryption that protects messages and attachments.

Zix Is Smaller Than AppRiver But Has Big Ambitions In March AppRiver bought Roaring Penguin, which gave it technology enhancements around spam and virus filtering as well as entry into Canadian markets to sell Office 365.ĭetails of the transition as far as who in AppRiver leadership will be retained are still being worked out, a Zix spokesperson said. In October the company bought Total Defense, a cloud-based security and productivity services provider. AppRiver Is A Big Player In Secure Emailįounded in 2002, with 4,000 channel partners and more than 270 employees, the Gulf Breeze, Fla.- based company does business with 60,000 customers around the world.ĪppRiver completed two acquisitions in 2018. Here are six things you need to know about the acquisition. Greene Jr., founding partner, and Brandon Van Buren, a principal.ĬRN talked to Zix CEO David Wagner about the deal and why the channel is crucial to success. Two True Wind partners will also sit on the Zix board once the deal closes: Jamie H. To finance the deal to buy AppRiver, Zix received a $100 million investment from True Wind Capital, as well as a $175 million five-year loan-with $25 million in revolving credit-from SunTrust Bank and KeyBanc Capital Markets.

The deal, which is expected to close by March 31, creates an encrypted email juggernaut for the SMB space that is expected to see annual revenue of $180 million. Zix, a Dallas-based provider of secure email and backup services, said it is buying AppRiver for $275 million and in doing so is expanding the number of its partners from 400 to 4,000 in a big push into the channel.

Acronis office365 backup