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New Deal


Announced

Completed

Zix completed the acquisition of CloudAll for $31m.

Financials

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Transaction Value£23m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

data backup

Acquisition

Cross Border

Private

Majority

Israel

Digital Services

Single Bidder

Completed

Synopsis

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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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