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Zix Corporation

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uuid000r3gc

Namestring
Zix Corporation
Legal namestring
Zix Corporation
Websiteurl
zix.com
Company typeenum
Public
Founded yearint
1999
Descriptiontext

Zix Corporation is a Dallas-based email security and compliance software company founded in 1988 (with a 1999 re-incorporation noted in some sources). It built its core franchise around policy-driven email encryption, data loss prevention (DLP), and mobile secure messaging, serving healthcare, financial services, and government organizations that require HIPAA, SEC, PCI DSS, FINRA, and GDPR compliance. In 2021, Zix was acquired by OpenText Corporation and now operates as a brand within OpenText's Cybersecurity portfolio; the standalone NASDAQ-listed entity (ticker ZIXI) no longer exists, and legacy support and Secure Cloud portals have been retained while marketing has been consolidated onto OpenText Cybersecurity's site.

Short descriptiontext

Zix Corporation provides email encryption, threat protection, and compliance archiving for SMB and mid-market customers, distributed primarily through MSP and VAR channel partners. Acquired by OpenText in 2021, the products now operate within OpenText's Cybersecurity portfolio.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersDallas, United States
HQ citystring
Dallas
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
email encryption, email threat protection, data loss prevention, compliance archiving, secure messaging
Industry3 codes
1Software-Defined Perimeter (SDP) / Zero Trust Network Access (ZTNA)
CodeHDADABACPrimaryYes
2Access Management & Policy Enforcement (Authorization, ZTNA integration)
CodeHDAEAJAGPrimaryNo
3Network Security Services (Firewall/VPN/ZTNA/SASE Integration)
CodeBPAEAEAGPrimaryNo
NAICS code2 codes
  • Software Publishers5132
  • Custom Computer Programming Services541511
SIC code1 code
  • Services-Computer Programming, Data Processing, Etc.7370
Product category
Email Security
Social media profiles3 records
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Email Encryption Subscription
TypeSubscription Recurring
Description

Per-user subscription model with monthly, annual, and multi-year subscription options. Subscription fee includes support and maintenance. Revenue from software-as-a-service delivery of email encryption, threat protection, and archiving services.

cybersecurity.opentext.com
2Email Message Privacy Licensing
TypeSubscription Recurring
Description

Professional users consume licenses; guest recipients are free. SaaS-based delivery with no infrastructure needed.

cybersecurity.opentext.com
Marketing channels8 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels6 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Pricing details3 tiers
1Core Email Encryption - Per User Subscription
ModelPer seatBilling cadenceMonthly
Notes

Licensed on a subscription model that is per user with monthly, annual, and multi-year subscription options. Subscription fee includes support and maintenance.

cybersecurity.opentext.com
2Core Email Encryption - Annual Subscription
ModelPer seatBilling cadenceAnnual
Notes

Annual subscription option offering cost savings compared to monthly billing

cybersecurity.opentext.com
3Email Message Privacy - Professional Users
ModelPer seatBilling cadenceMonthly
Notes

Only professional users consume licenses; guest recipients are free

cybersecurity.opentext.com
GTM typeB2B
B2B
Offering typeSoftware
Software
Brand1 of 5 records shown
1Core Email Encryption
Description

Email encryption solution for secure business communications with DLP policy enforcement.

cybersecurity.opentext.com
+4 more records
Core offering1 text field

Zix Corporation provides cloud-based email security software, including policy-based email encryption, email threat protection against phishing and BEC, secure file sharing, and compliance archiving delivered via the Secure Cloud platform. Following its 2021 acquisition by OpenText, the Zix product suite is sold primarily through the OpenText Cybersecurity portfolio to businesses in healthcare, financial services, government, and other regulated verticals.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • 25-30% improvement in threat detection for MSP partners using MDR
+2 more records
Product overview1 text field

Zix Corporation, now part of OpenText Cybersecurity, offers a comprehensive cybersecurity portfolio organized around five core product categories: Email Security (including Email Encryption, Email Threat Protection, Email Continuity, and Email Message Privacy), Endpoint Security (Endpoint Protection, EDR, MDR, DNS Protection), Data Backup and Recovery (Server Backup, Endpoint Backup), Continuity and Compliance (Availability, Recover, Migrate, Mailstore Email Archiving, Business Communication Archive), and SaaS Backup (Microsoft 365, Google Workspace, Salesforce, Box, Dropbox). The products are managed through the Secure Cloud platform, which provides centralized management, API integrations with MSP tools (Kaseya, Autotask, ConnectWise, HaloPSA), and bundled solutions for MSPs serving SMB customers. The Email Security products form the core offering, with encryption and threat protection capabilities powered by AI for anomaly detection and process automation.

Product and service7 records
1Email Encryption
CategoryEmail Security
Description

Policy-based email encryption for outbound business communications, using the proprietary Best Method of Delivery engine to automatically select S/MIME, TLS, or a secure messaging portal for each recipient, with DLP policy enforcement for sensitive content.

2Email Threat Protection
CategoryEmail Security
Description

Email threat protection against phishing, ransomware, business email compromise (BEC), and impersonation attacks, with high-efficacy filtering, link rewriting at click, attachment quarantine with sandbox analysis, internal mail filtering, and post-delivery message retraction for Microsoft 365.

3Email Continuity
CategoryEmail Security
Description

Email continuity service that allows users to send and receive emails during primary email service outages, ensuring uninterrupted business communications.

4Email Message Privacy
CategoryEmail Security
Description

Secure file and message sharing with full access control, digital rights management for view/reply/forward restrictions, large file transfers up to 100GB, e-signature support, and full tracking transparency for compliance.

5Security Awareness Training
CategoryEmail Security
Description

Training solution designed to educate employees about cybersecurity threats and best practices to reduce human-driven email security risk.

6OpenText Core Business Communication Archive
CategoryContinuity and Compliance
Description

Cloud-native archiving and eDiscovery platform that captures emails, chat, social media, and collaboration data into a compliant archive, with WORM-compliant immutable storage supporting over 50 communication sources and compliance with HIPAA, SEC, PCI DSS, FINRA, and GDPR.

7Secure Cloud
CategoryPlatform
Description

Centralized cloud management platform for MSPs and SMBs providing account management, license provisioning, security insights, threat response, and API and PSA integrations with Kaseya, Autotask, ConnectWise, and HaloPSA.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeTechnology or Integration
Description

Zix products are deeply integrated with Microsoft 365, Azure, and Modern Work solutions. OpenText offers bundled Microsoft 365 with Email Threat Protection, manages Microsoft 365 licenses, and provides migration services. OpenText is a Microsoft Cloud Solution Provider (CSP) partner with sales and technical bootcamps for M365 Copilot, Modern Work, and Azure.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Leading pure-play in email security, threat protection, DLP, and archiving for enterprise and mid-market. Direct overlap with Zix's Email Threat Protection, encryption, and archiving products across the same regulated verticals.

TypeDirect peer
Description

Email security, archiving, and continuity suite competing head-to-head with Zix in financial services, healthcare, and the SMB/mid-market served through MSPs. Closest 1:1 competitor on product breadth.

TypeDirect peer
Description

Email security gateway, archiving, and Microsoft 365 backup — directly overlapping with Zix's email threat protection and SaaS backup modules, and similarly distributed via MSPs.

TypeBroad incumbent
Description

Native Microsoft email security bundle within M365 E3/E5 SKUs. Largest competitive force in the category and the platform Zix layers onto via its CSP relationship.

TypeBroad incumbent
Description

Broader cybersecurity platform with a strong email security module competing against Zix in mid-market and enterprise, bundled with Trend's endpoint and cloud security offerings.

TypeBroad incumbent
Description

Enterprise-grade email security gateway (IronPort heritage) competing in larger enterprise accounts with integrated networking/security buying motion.

TypeEmerging player
Description

AI-native email security platform focused on BEC, account takeover, and social engineering — overlapping with Zix's Email Threat Protection and increasingly a disruptive force in the same buyer conversation.

TypeEmerging player
Description

AI-driven email phishing and BEC protection focused on mid-market and enterprises using Microsoft 365 — direct overlap with Zix's AI-powered threat protection feature set.

TypeEmerging player
Description

Email and file encryption specialist built on the open TDF standard — narrower scope than Zix but directly comparable on the encryption/DLP workflow layer for Google Workspace and M365 customers.

TypeEmerging player
Description

Security awareness training and phishing simulation — directly overlaps with Zix's Security Awareness Training add-on and is increasingly bundled into the same MSP-led procurement decisions.

Market position
Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers5 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment7 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile5 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
Yes

Docs URL, Description

Integration9 records

Each record includes

Title, Type, Description, Source

AI capability4 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature8 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A8 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Zix Corporation

Email Securityzix.com

Zix Corporation provides email encryption, threat protection, and compliance archiving for SMB and mid-market customers, distributed primarily through MSP and VAR channel partners. Acquired by OpenText in 2021, the products now operate within OpenText's Cybersecurity portfolio.

What Zix Corporation does

Zix Corporation is a Dallas-based email security and compliance software company founded in 1988 (with a 1999 re-incorporation noted in some sources). It built its core franchise around policy-driven email encryption, data loss prevention (DLP), and mobile secure messaging, serving healthcare, financial services, and government organizations that require HIPAA, SEC, PCI DSS, FINRA, and GDPR compliance. In 2021, Zix was acquired by OpenText Corporation and now operates as a brand within OpenText's Cybersecurity portfolio; the standalone NASDAQ-listed entity (ticker ZIXI) no longer exists, and legacy support and Secure Cloud portals have been retained while marketing has been consolidated onto OpenText Cybersecurity's site.

Zix Corporation firmographics

Firmographics
Name
Zix Corporation
Legal name
Zix Corporation
Website
https://zix.com
Company type
Public
Founded year
1999
Operating status
Acquired
Headcount range
51–100 employees
Short description
Zix Corporation provides email encryption, threat protection, and compliance archiving for SMB and mid-market customers, distributed primarily through MSP and VAR channel partners. Acquired by OpenText in 2021, the products now operate within OpenText's Cybersecurity portfolio.
Ownership category
akta.pro rank

Zix Corporation industry classification

Industry
Product category
Email Security
NAICS
Software Publishers (5132), Custom Computer Programming Services (541511)
SIC
Services-Computer Programming, Data Processing, Etc. (7370)
akta.pro primary industry
Software-Defined Perimeter (SDP) / Zero Trust Network Access (ZTNA) (HDADABAC)
akta.pro secondary industries
Access Management & Policy Enforcement (Authorization, ZTNA integration) (HDAEAJAG), Network Security Services (Firewall/VPN/ZTNA/SASE Integration) (BPAEAEAG)

Keywords

  • Email encryption
  • Email threat protection
  • Data loss prevention
  • Compliance archiving
  • Secure messaging

Where Zix Corporation is headquartered

Location

Headquarters

HQ city
Dallas
HQ country
United States
HQ region
North America

Markets served

Zix Corporation business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

  1. Email Encryption Subscription: Per-user subscription model with monthly, annual, and multi-year subscription options. Subscription fee includes support and maintenance. Revenue from software-as-a-service delivery of email encryption, threat protection, and archiving services.
  2. Email Message Privacy Licensing: Professional users consume licenses; guest recipients are free. SaaS-based delivery with no infrastructure needed.

Pricing tiers

ModelBillingPrice
Per seatMonthlyCore Email Encryption - Per User Subscription
Per seatAnnualCore Email Encryption - Annual Subscription
Per seatMonthlyEmail Message Privacy - Professional Users

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Zix Corporation product offering

Product offering

Core offering

Zix Corporation provides cloud-based email security software, including policy-based email encryption, email threat protection against phishing and BEC, secure file sharing, and compliance archiving delivered via the Secure Cloud platform. Following its 2021 acquisition by OpenText, the Zix product suite is sold primarily through the OpenText Cybersecurity portfolio to businesses in healthcare, financial services, government, and other regulated verticals.

Product overview

Zix Corporation, now part of OpenText Cybersecurity, offers a comprehensive cybersecurity portfolio organized around five core product categories: Email Security (including Email Encryption, Email Threat Protection, Email Continuity, and Email Message Privacy), Endpoint Security (Endpoint Protection, EDR, MDR, DNS Protection), Data Backup and Recovery (Server Backup, Endpoint Backup), Continuity and Compliance (Availability, Recover, Migrate, Mailstore Email Archiving, Business Communication Archive), and SaaS Backup (Microsoft 365, Google Workspace, Salesforce, Box, Dropbox). The products are managed through the Secure Cloud platform, which provides centralized management, API integrations with MSP tools (Kaseya, Autotask, ConnectWise, HaloPSA), and bundled solutions for MSPs serving SMB customers. The Email Security products form the core offering, with encryption and threat protection capabilities powered by AI for anomaly detection and process automation.

Differentiator

Problem solved

Functional benefit

Brands

  • Core Email Encryption: Email encryption solution for secure business communications with DLP policy enforcement.
  • Core Email Threat Protection
  • Core Email Message Privacy
  • Secure Cloud
  • Core Business Communication Archive

Products and services

  • Email Encryption Policy-based email encryption for outbound business communications, using the proprietary Best Method of Delivery engine to automatically select S/MIME, TLS, or a secure messaging portal for each recipient, with DLP policy enforcement for sensitive content.
  • Email Threat Protection Email threat protection against phishing, ransomware, business email compromise (BEC), and impersonation attacks, with high-efficacy filtering, link rewriting at click, attachment quarantine with sandbox analysis, internal mail filtering, and post-delivery message retraction for Microsoft 365.
  • Email Continuity Email continuity service that allows users to send and receive emails during primary email service outages, ensuring uninterrupted business communications.
  • Email Message Privacy Secure file and message sharing with full access control, digital rights management for view/reply/forward restrictions, large file transfers up to 100GB, e-signature support, and full tracking transparency for compliance.
  • Security Awareness Training Training solution designed to educate employees about cybersecurity threats and best practices to reduce human-driven email security risk.
  • OpenText Core Business Communication Archive Cloud-native archiving and eDiscovery platform that captures emails, chat, social media, and collaboration data into a compliant archive, with WORM-compliant immutable storage supporting over 50 communication sources and compliance with HIPAA, SEC, PCI DSS, FINRA, and GDPR.
  • Secure Cloud Centralized cloud management platform for MSPs and SMBs providing account management, license provisioning, security insights, threat response, and API and PSA integrations with Kaseya, Autotask, ConnectWise, and HaloPSA.

Quantifiable outcome

  • 25-30% improvement in threat detection for MSP partners using MDR
  • +2 more outcomes

Companies that use Zix Corporation

Customer profile

Named customers5 records

Segments7 records

Ideal customer profiles5 records

Zix Corporation technology and API

Technology

Technology focussed Yes

API detail

Has API
Yes
API docs
API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability4 records

Feature8 records

Zix Corporation partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • MicrosoftcoreTechnology or IntegrationZix products are deeply integrated with Microsoft 365, Azure, and Modern Work solutions. OpenText offers bundled Microsoft 365 with Email Threat Protection, manages Microsoft 365 licenses, and provides migration services. OpenText is a Microsoft Cloud Solution Provider (CSP) partner with sales and technical bootcamps for M365 Copilot, Modern Work, and Azure.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Zix Corporation competitors and assessment

Company assessment

Direct peers

  • Proofpoint: Leading pure-play in email security, threat protection, DLP, and archiving for enterprise and mid-market. Direct overlap with Zix's Email Threat Protection, encryption, and archiving products across the same regulated verticals.
  • Mimecast: Email security, archiving, and continuity suite competing head-to-head with Zix in financial services, healthcare, and the SMB/mid-market served through MSPs. Closest 1:1 competitor on product breadth.
  • Barracuda Networks: Email security gateway, archiving, and Microsoft 365 backup — directly overlapping with Zix's email threat protection and SaaS backup modules, and similarly distributed via MSPs.

Broad incumbents

  • Microsoft Defender for Office 365: Native Microsoft email security bundle within M365 E3/E5 SKUs. Largest competitive force in the category and the platform Zix layers onto via its CSP relationship.
  • Trend Micro Email Security: Broader cybersecurity platform with a strong email security module competing against Zix in mid-market and enterprise, bundled with Trend's endpoint and cloud security offerings.
  • Cisco Secure Email: Enterprise-grade email security gateway (IronPort heritage) competing in larger enterprise accounts with integrated networking/security buying motion.

Emerging players

  • Abnormal Security: AI-native email security platform focused on BEC, account takeover, and social engineering — overlapping with Zix's Email Threat Protection and increasingly a disruptive force in the same buyer conversation.
  • IRONSCALES: AI-driven email phishing and BEC protection focused on mid-market and enterprises using Microsoft 365 — direct overlap with Zix's AI-powered threat protection feature set.
  • Virtru: Email and file encryption specialist built on the open TDF standard — narrower scope than Zix but directly comparable on the encryption/DLP workflow layer for Google Workspace and M365 customers.
  • KnowBe4: Security awareness training and phishing simulation — directly overlaps with Zix's Security Awareness Training add-on and is increasingly bundled into the same MSP-led procurement decisions.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Zix Corporation social profiles

Digital presence

Zix Corporation financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Zix Corporation leadership team

Management profile

Number of profiles

Zix Corporation funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Zix Corporation M&A and investment

M&A and investment

M&A8 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zix Corporation

What does Zix Corporation do?

Zix Corporation provides cloud-based email security software, including policy-based email encryption, email threat protection against phishing and BEC, secure file sharing, and compliance archiving delivered via the Secure Cloud platform. Following its 2021 acquisition by OpenText, the Zix product suite is sold primarily through the OpenText Cybersecurity portfolio to businesses in healthcare, financial services, government, and other regulated verticals.

Is Zix Corporation a public or private company?

Zix Corporation is a public company. It is classified as corporate owned and is currently acquired.

When was Zix Corporation founded?

Zix Corporation was founded in 1999. It employs 51 to 100 people.

Where is Zix Corporation based?

Zix Corporation is headquartered in Dallas, United States, in the North America region.

How does Zix Corporation make money?

Two revenue lines are on record. Email Encryption Subscription is the primary driver. The others are email Message Privacy Licensing.

Who are Zix Corporation's main competitors?

Direct peers on record are Proofpoint, Mimecast and Barracuda Networks. Broad incumbents are Microsoft Defender for Office 365, Trend Micro Email Security and Cisco Secure Email. Emerging players are Abnormal Security, IRONSCALES, Virtru and KnowBe4.

Does Zix Corporation have an API?

Yes. OpenText Cybersecurity offers an API and SDK through its Unity API and Unity SDK platform. The Unity API enables partners and developers to integrate with OpenText Cybersecurity products. An SDK and API Agreement governs the use of the OpenText Cybersecurity API and SDK. Developer documentation is at cybersecurity.opentext.com/legal/sdk-and-api-agreement.

What industry is Zix Corporation in?

Zix Corporation's product category is Email Security. Its primary akta.pro industry code is HDADABAC, Software-Defined Perimeter (SDP) / Zero Trust Network Access (ZTNA), with a secondary code of HDAEAJAG, Access Management & Policy Enforcement (Authorization, ZTNA integration). Its NAICS code is 5132 and its SIC code is 7370.

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Live signals
PR NewswireOpenText Reports Third Quarter Fiscal Year 2022 Financial ResultsOpenText Corporation announced its Q3 fiscal year 2022 financial results for the quarter ended March 31, 2022, with total revenues of $882.3 million, up 5.9% year-over-year, driven by record cloud revenues of $401.9 million representing 13% growth. GAAP net income declined 18.4% year-over-year to $74.7 million, with GAAP diluted EPS of $0.28 down 15.2%, while adjusted EBITDA fell 4.3% to $284.5 million. The company noted strong free cash flow generation of $306.0 million, up 508.8% year-over-year, and stated the integration of its Zix acquisition remains on track.PR NewswireOpenText Buys Zix CorporationOpenText completed its acquisition of Zix Corporation for approximately $860 million, or $8.50 per share in cash, making Zix a wholly-owned subsidiary. Zix, a SaaS-based provider of email encryption, threat protection, and compliance cloud solutions for SMBs, is expected to be integrated into OpenText's operating model within 12-18 months and is projected to be accretive to organic growth and margin dollars. The deal was funded with OpenText's existing cash on hand and values Zix at approximately 3.5x its trailing twelve months GAAP revenues.PR NewswireOpenText Extends Tender Offer for Zix CorporationOpenText extended the expiration of its tender offer for Zix Corporation shares from December 20, 2021 to December 22, 2021, at a price of $8.50 per share, to allow time for shares tendered via guaranteed delivery to be processed. As of the previous expiration, approximately 33.97 million shares had been validly tendered, representing approximately 70% of shares outstanding, with all other conditions to the tender offer satisfied. The companies expect the transaction to close on December 23, 2021.PR NewswireOpenText Commences Tender Offer for Zix CorporationOpenText announced the commencement of its tender offer to acquire all outstanding shares of Zix Corporation at $8.50 per share, through its subsidiary Zeta Merger Sub Inc., as part of a merger agreement dated November 7, 2021. The Zix board of directors has unanimously recommended that stockholders accept the offer, which is scheduled to expire on December 20, 2021, subject to conditions including tender of at least two-thirds of shares and Hart-Scott-Rodino antitrust approval. The transaction has no financing condition and represents a strategic expansion for OpenText into Zix's email security, productivity, and compliance business.OpentextOpenText to Acquire Zix CorporationOpenText has entered into a definitive agreement to acquire Zix Corporation for approximately $860 million in cash. The transaction aims to strengthen OpenText's SMB platform by integrating Zix's cloud-based email security solutions and bringing 5,600 managed service partners to its ecosystem.PR NewswireOpenText to Acquire Zix CorporationOpenText has entered into a definitive agreement to acquire Zix Corporation for approximately $860 million in cash, aiming to strengthen its SMB platform with cloud-based email security and compliance solutions. The transaction is expected to close within 90 days and will bring roughly 5,600 managed service partners to OpenText, immediately accreting to adjusted EBITDA.PR NewswireALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Zix CorporationRowley Law PLLC announced it is investigating potential securities law violations by Zix Corporation and its board of directors concerning the proposed acquisition by OpenText. Zix Corporation stockholders will receive $8.50 per share in the transaction, valued at approximately $865 million. The law firm is inviting interested stockholders to contact them for additional information regarding the investigation.PR NewswireSHAREHOLDER ALERT: WeissLaw LLP Investigates Zix CorporationWeissLaw LLP announced an investigation into Zix Corporation's board of directors regarding the proposed acquisition by OpenText Corporation, examining potential breaches of fiduciary duty and whether the $8.50 per-share offer adequately compensates shareholders. The transaction, valued at approximately $860 million, is being scrutinized because the offer price falls $2.50 below the $11.00 median analyst price target and $3.50 below at least one analyst's $12 price target.TechTargetZix acquires CloudAlly backup for SaaS data protectionZix, an email security provider headquartered in Dallas, acquired cloud backup and recovery provider CloudAlly for $30 million, with the deal closing on November 9, 2020. The acquisition adds backup capabilities for popular SaaS applications including Microsoft 365, Google Workspace, Salesforce, Box, and Dropbox, which will be integrated into Zix's Secure Cloud platform by June. CloudAlly, founded in 2011 and based in Israel, brings over 5,000 customers, 250,000 users, and 600 managed service provider partners to Zix's portfolio.FinSMEsZix Acquires CloudAllyZix Corporation acquired CloudAlly, an Israeli cloud backup and recovery provider, expanding its product suite into Microsoft Office 365 backup. CloudAlly, founded in 2011, serves over 5,000 customers and 250,000 users, with 600 MSP partners. It projects approximately $8.0 million in annual recurring revenue for fiscal 2020.