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New Deal


Announced

Zix Corporation to acquire AppRiver for $275m.

Financials

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Transaction Value£208m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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cyber security

cybersecurity

Software

United States

Acquisition

Private Equity

software development

Private

Single Bidder

Pending

Friendly

Synopsis

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Zix Corporation, a leader in email security, has agreed to acquire AppRiver, a leading provider of cloud-based cybersecurity solutions, for $275m. “Over the past two years, Zix has been successfully executing on its strategy of becoming a leading provider of email security for compliance. We have demonstrated strong and increasing attach rates in our solutions, have driven higher New First Year Orders growth, and have consistently been delivering industry-leading customer support by helping our customers more holistically with the security challenges they are facing, especially as it relates to migrating to the cloud,” David Wagner, Zix Chief Executive Officer.

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