OpenText, a Canadian company that develops and sells enterprise information management software, agreed to acquire Zix, a security technology company that provides email encryption services, email data loss prevention and mobile applications, for $860m. "We are pleased to announce our intent to acquire Zix, and I look forward to welcoming Zix customers, partners and employees to OpenText. We intend to integrate Carbonite, Webroot and Zix products to create a powerhouse SMB platform for data protection, threat management, email security and compliance solutions. Acquisitions of cloud growth assets like Zix highlights our commitment to our Total Growth strategy and approach to cash-based returns," Mark J. Barrenechea, OpenText CEO & CTO.