Zix

Zix the American is a company that specializes in developing security technologies and provides customers with services, enciphering e-mail preventing the loss of email data, and creates mobile applications to solve these problems. By November 2021, Zix has a market valuation of $483 million and competes with larger email security providers such as Mimecast and. Proofpoint

History

2021: OpenText bought Zix for $860 million

In early November 2021, OpenText announced the purchase of Zix software company for $860 million. The deal involves the creation of a new leading platform for small and medium-sized businesses (SMB).

We intend to integrate the products of Carbonite, Webroot and Zix in order to create a powerful SMB platform for data protection, cyber threat management, email protection and regulatory compliance, "said Mark Barrenechi, General and Technical Director of the OpenText.

OpenText acquired Zix for $860 million

With the acquisition of Carbonite's OpenText, as well as the endpoint security provider Webroot, along with the upcoming purchase of Zix, will enable OpenText to offer endpoint and email security solutions to customers.

In addition, Barrenechi noted that the acquisition of Zix will strengthen OpenText 's partnership with the program leader Microsoft and significantly expand the presence of its trading partners.

Zix will deepen our relationship with Microsoft in the field of technology and market entry. In addition, Zix will bring about 5,600 providers to the OpenText and will create significant opportunities for cross-selling in the clouds of OpenText and Zix, said Barrenechi.

The Zix acquisition transaction is expected to be completed within the next 90 days.^[1]

Notes