Announced
Completed
Financials
Sources
Tags
Friendly
data backup
Acquisition
Cross Border
Private
Majority
Israel
Digital Services
Single Bidder
Completed
Synopsis
Zix, a provider of cloud email security, productivity and compliance solutions, completed the acquisition of CloudAlly, a provider of cloud-based data backup and recovery for business, for $31m. "A comprehensive data protection plan is more important than ever as companies around the world are focusing on cybersecurity for their remote workforce. We're extremely excited to join forces with Zix at this time and feel that our industry leading cloud backup service will be a complementary and valuable addition to their recently announced Secure Cloud Platform, an integrated suite of productivity, security and compliance services. This suite of services will give our rapidly growing combined customer and partner base around the world the tools they need to protect their critical cloud assets across an evolving distributed workforce," Avinoam Katz, CloudAlly Chief Executive Officer.
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