Zix - M&A Summary, Ownership, and Business Overview

SoftwareCompany

Zix M&A Summary

Zix has acquired 6 companies of its own, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms.

Zix’s largest acquisition to date was in 2019, when it acquired AppRiver for $275M. Zix has acquired in 4 different US states, and 3 countries. The Company’s most targeted sectors include information technology (50%) and internet software and services (34%).

Zix Ownership

Who owns Zix?

Zix is owned by OpenText. It was acquired on November 8, 2021.

Was Zix formerly PE-backed?

Yes. Zix was formerly owned by 1 private investor.

Zix Business Overview

Where is Zix headquartered?

Zix is headquartered in Dallas, Texas.

What is Zix’s revenue?

Zix disclosed revenue of 218M USD for 2020 and 173M USD for 2019.

How many employees does Zix have?

Zix has 543 employees.

What sector is Zix in?

Zix is a software company.

When was Zix founded?

Zix was founded in 1988.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity6
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 2
  • M&A Advisors 4

Zix

Zix Corp.

2711 North Haskell Avenue, Suite 2200 LB 36,
Dallas, Texas 75204
United States,
(214) 370-2000
www.zix.com

Zix is a provider of email security services. Zix also offers superior solutions in email data loss prevention and email bring your own device (BYOD) security. Zix is trusted by the nation’s most influential institutions in healthcare, finance, and government for easy-to-use secure email solutions that meet data protection and compliance needs. Zix was founded in 1988 and is based in Dallas, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 5 1 - - - - 6
vol $296M $296M
Sell (0.0/yr) # - - - - - - 0
  6

Most Recent M&A

Company Date Value Type
CloudAlly Ltd. 2020-11-09 - Add-on Acquisition
Ra'anana, Israel · www.cloudally.com
Cirius Messaging, Inc. 2019-05-08 14M USD Add-on Acquisition
Vancouver, British Columbia · www.cirius.com
AppRiver LLC 2019-01-15 275M USD Add-on Acquisition
Gulf Breeze, Florida · www.appriver.com
Erado 2018-04-03 - Add-on Acquisition
Renton, Washington · www.erado.com
Entrust Datacard Corp. - Entelligence Messaging Server 2017-09-14 - Divestiture
Minneapolis, Minnesota
Greenview Data, Inc. 2017-03-15 7M USD Add-on Acquisition
Ann Arbor, Michigan · www.greenviewdata.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 3 (50%) 14M (5%) - -
Internet Software and Services 2 (33%) 275M (93%) - -
Software 1 (17%) 7M (2%) - -
Total 6 $296M - -

By Geo

State/Country Buy Value Sell Value
United States 4 282M - -
  Washington 1 - - -
  Minnesota 1 - - -
  Michigan 1 7M - -
  Florida 1 275M - -
Canada 1 14M - -
  British Columbia 1 14M - -
Israel 1 - - -
Domestic 4 (67%) 282M (95%) - -
Cross-border 2 (33%) 14M (5%) - -
Total 6 $296M - -

Top M&A Advisors

Financial Deals
RBC Capital Markets
1
Cowen Group, Inc.
1
Legal Deals
Baker Botts
2
Gornitzky & Co.
1

Deal Values

buy # Total
$100M to $1B 1 $275M
< $100M 2 $21M
TOTAL $296M
Largest AppRiver LLC
$275M (2019-01-15)

M&A Connections

Deals
Acquired from
Investor(s)
17%
1 (17%)
Strategic(s)
17%
1 (17%)

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