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M&A Deal Summary

Zix Acquires CloudAlly

On November 9, 2020, Zix acquired internet software and services company CloudAlly

Acquisition Highlights
  • This is Zix’s 2nd transaction in the Internet Software and Services sector.
  • This is Zix’s 1st transaction in Israel.

M&A Deal Summary
Date 2020-11-09
Target CloudAlly
Sector Internet Software and Services
Buyer(s) Zix
Deal Type Add-on Acquisition
Advisor(s) Clairfield International (Financial)
Gross & Co. (Legal)

Target

CloudAlly

Ra'anana, Israel
CloudAlly Ltd. is a provider of cloud-based data backup and recovery for business. The company offers a robust suite of award-winning, ISO 27001 certified and GDPR/HIPAA compliant solutions for Microsoft Office 365, Google Workspace (formerly G Suite), SharePoint, OneDrive, Salesforce, Box and Dropbox. CloudAlly is based in Ra'anana, Israel.

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Buyer(S) 1

Buyer

Zix

Dallas, Texas, United States
Category Company
Founded 1988
Sector Software
Employees543
Revenue 218M USD (2020)
DESCRIPTION

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.

DEAL STATS #
Overall 6 of 6
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 5
Country: Israel M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-08 Cirius Messaging

Vancouver, British Columbia, Canada

Cirius Messaging, Inc. is a provider of email encryption, e-signatures and secure file sharing solutions. Cirius Messaging is based in Vancouver, British Columbia.

Buy $14M
Mergr

Solution for

Product

Company

Legal