Zix Corporation provides solutions for email encryption, data loss prevention, threat protection, unified archiving, and cloud data backup in the United States, Israel, Canada, the United Kingdom, and Switzerland. The company offers Advanced Email Threat Protection, a cloud-based service that defends organizations from zero-day malware, ransomware, phishing, CEO fraud, W-2 phishing attacks, spams, and viruses in email; and Information Archive, a cloud-based email retention solution that enables user retrieval, compliance, and e-discovery. It also provides Email Encryption Service that allows a user to send encrypted email to any email user anywhere and on any Internet-enabled device; cloud-based cybersecurity solutions for small and medium businesses; information rights management, e-signatures, and secure file sharing solutions; and software-as-a-service cloud backup and recovery solutions. The company serves the healthcare, financial services, and insurance industries, as well as government sectors. Zix Corporation sells its services through a direct sales force and tele sales force; and a network of resellers and other distribution partners, including other managed service providers. The company was formerly known as ZixIt Corporation and changed its name to Zix Corporation in 2002. Zix Corporation was incorporated in 1988 and is headquartered in Dallas, Texas.
IPO Year: n/a
Exchange: NASDAQ
Website: zix.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/9/2021 | $12.00 → $8.50 | Outperform → Market Perform | Northland Capital Markets |
| 11/9/2021 | $12.00 → $8.50 | Buy → Hold | Craig-Hallum |
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Northland Capital Markets downgraded Zix from Outperform to Market Perform and set a new price target of $8.50 from $12.00 previously
Craig-Hallum downgraded Zix from Buy to Hold and set a new price target of $8.50 from $12.00 previously
Colliers Securities resumed coverage of ZIX with a rating of Buy and set a new price target of $10.00
Cowen resumed coverage of ZIX with a rating of Buy and set a new price target of $9.00
Stephens initiated coverage of ZIX with a rating of Overweight and set a new price target of $11.00
Stephens initiated coverage of Zix Corp with a rating of Overweight and set a new price target of $11.00
Stephens initiated coverage of ZIX with a rating of Overweight
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Everbridge, Inc. (NASDAQ:EVBG), the global leader in critical event management (CEM) and national public warning software solutions, today announced that David Wagner, formerly President and Chief Executive Officer of Zix, has been appointed President and Chief Executive Officer, effective immediately, and will become a member of the Board of Directors. Patrick Brickley, who has served as Co-CEO and Chief Financial Officer, and Vernon Irvin, who has served as Co-CEO and Chief Revenue Officer, will continue in their roles as Chief Financial Officer and Chief Revenue Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220725005
WATERLOO, ON, Dec. 23, 2021 /PRNewswire/ -- OpenText™ (NASDAQ:OTEX), (TSX:OTEX) today announced that it has completed the closing of the previously announced acquisition of Zix Corporation (NASDAQ:ZIXI) ("Zix"), a leader in SaaS-based email encryption, threat protection and compliance cloud solutions for Small and Medium-sized Businesses (SMBs). "I would like to welcome Zix customers, partners, and employees to OpenText. Combined, we will be able to provide our customers a powerhouse SMB platform for data protection, threat management, email security and compliance solutions,
WATERLOO, Ontario, Dec. 21, 2021 /PRNewswire/ -- In connection with the previously announced agreement to acquire Zix Corporation (NASDAQ:ZIXI) ("Zix"), OpenText™ (NASDAQ:OTEX) (TSX:OTEX) announced today that it has extended the expiration of its tender offer for all outstanding shares of common stock of Zix at a price of U.S. $8.50 per share, through its subsidiary, Zeta Merger Sub Inc. The tender offer is now scheduled to expire at one minute after 11:59 P.M., Eastern time, on December 22, 2021 unless it is further extended. The tender offer was previously scheduled to expire at one minute after 11:59 P.M., Eastern time, on December 20, 2021. The depositary for the tender offer has advis
WATERLOO, ON, Nov. 22, 2021 /PRNewswire/ -- OpenText™ (NASDAQ:OTEX) (TSX:OTEX) announced today that it has commenced its previously announced tender offer for all outstanding shares of common stock of Zix Corporation (NASDAQ:ZIXI) at a price of U.S. $8.50 per share, through its subsidiary, Zeta Merger Sub Inc. The tender offer is being made in connection with the Agreement and Plan of Merger, dated as of November 7, 2021 (the "Merger Agreement"), by and among OpenText, Zeta Merger Sub Inc. and Zix, which OpenText and Zix announced on November 8, 2021. The Zix board of directors has unanimously determined that the tender offer is advisable and fair to and in the best interests of Zix and its
SAN FRANCISCO, Nov. 11, 2021 /PRNewswire/ -- True Wind Capital ("True Wind" or "the Company"), a San Francisco-based private equity firm focused on investing in leading technology companies, today announced the successful close of its second fund, True Wind Capital II, L.P., ("Fund II" or the "Fund") with $817 million in equity commitments, exceeding the Fund's target. True Wind was launched in 2015 by Adam Clammer and James H. Greene, Jr., who previously founded and led KKR's Global Technology Group. Fund II will continue True Wind's strategy of partnering with strong management teams and investing in leading technology companies across niche sectors within large and growing markets, inclu
Record Net Dollar Retention of 103.1% Driven by Strong Customer Adoption of CloudAlly and Secure Cloud 18% Increase in Revenue and Annual Recurring Revenue (ARR) Generated $10.1 Million in Cash Flow from Operations, $35.5 Million Year-to-date, up 46.7% Cash Position Increased $5.1 Million or 15.0% to $39.0 Million Compared to Q2 2021 Zix Corporation (Zix) (NASDAQ:ZIXI), a leading provider of cloud email security, productivity, and compliance solutions, today announced financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Financial Highlights (results compared to the same year-ago quarter) Revenue increased 18% to $64.9 million. Annual recurring r
Announcement Provides Liquidity and Value Certainty for Zix Stockholders, Follows Extensive Process Zix Corporation (NASDAQ:ZIXI) ("Zix"), a leading provider of cloud email security, threat protection and compliance cloud solutions for Small and Medium-sized Businesses (SMBs), today announced that it has entered into a definitive agreement to be acquired by OpenText™, a market-leading provider of Information Management solutions, for $8.50 per share in cash, representing an enterprise value of $860 million. "We are pleased to announce this transaction with OpenText," said Robert Hausmann, Chairman of Zix. "Following a strategic review conducted by our Board of the Directors (the "Board"),
Strengthens SMB Platform with Cloud-based Email Security & Compliance Solutions, Brings 5,600 Managed Service Partners, Extends Microsoft Relationship WATERLOO, ON, Nov. 8, 2021 /PRNewswire/ -- OpenText™ (NASDAQ:OTEX), (TSX:OTEX) today announced that it has entered into a definitive agreement to acquire Zix Corporation, Inc. (NASDAQ:ZIXI) ("Zix"), a leader in SaaS-based email encryption, threat protection and compliance cloud solutions for Small and Medium-sized Businesses (SMBs). "We are pleased to announce our intent to acquire Zix, and I look forward to welcoming Zix customers, partners and employees to OpenText," said OpenText CEO & CTO Mark J. Barrenechea. "We intend to integrate Car
Zix Corporation (Zix) (NASDAQ: ZIXI), a leading provider of cloud email security, productivity, and compliance solutions, will host a conference call and webcast to discuss the company's financial results for the third quarter 2021 on Monday, November 8, 2021, at 5:00 p.m. ET. Zix's financial results will be available on its investor relations Web site at http://investor.zixcorp.com and announced in a press release prior to the conference call on November 8, 2021. All interested parties are invited to hear Dave Wagner, Zix's Chief Executive Officer, and Dave Rockvam, Zix's Chief Financial Officer, review the company's financial results as well as third quarter 2021 business highlights. To
Integration of enterprise-grade cloud backup offering streamlines billing and customer management for partners, helping them achieve a 360-degree view of their corporate communications on a single, easy-to-use platform Zix Corporation (Zix) (NASDAQ: ZIXI), a leading provider of cloud email security, productivity, and compliance solutions, today announced its cloud-based data backup and recovery solution is now available through its intuitive Secure Cloud platform. Now, customers can experience complete visibility into communication security and compliance for Microsoft Office 365, Google Workspace, SharePoint, OneDrive, Salesforce, Box and Dropbox. Zix is committed to providing comprehens
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Record Net Dollar Retention of 103.1% Driven by Strong Customer Adoption of CloudAlly and Secure Cloud 18% Increase in Revenue and Annual Recurring Revenue (ARR) Generated $10.1 Million in Cash Flow from Operations, $35.5 Million Year-to-date, up 46.7% Cash Position Increased $5.1 Million or 15.0% to $39.0 Million Compared to Q2 2021 Zix Corporation (Zix) (NASDAQ:ZIXI), a leading provider of cloud email security, productivity, and compliance solutions, today announced financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Financial Highlights (results compared to the same year-ago quarter) Revenue increased 18% to $64.9 million. Annual recurring r
Announcement Provides Liquidity and Value Certainty for Zix Stockholders, Follows Extensive Process Zix Corporation (NASDAQ:ZIXI) ("Zix"), a leading provider of cloud email security, threat protection and compliance cloud solutions for Small and Medium-sized Businesses (SMBs), today announced that it has entered into a definitive agreement to be acquired by OpenText™, a market-leading provider of Information Management solutions, for $8.50 per share in cash, representing an enterprise value of $860 million. "We are pleased to announce this transaction with OpenText," said Robert Hausmann, Chairman of Zix. "Following a strategic review conducted by our Board of the Directors (the "Board"),
Strengthens SMB Platform with Cloud-based Email Security & Compliance Solutions, Brings 5,600 Managed Service Partners, Extends Microsoft Relationship WATERLOO, ON, Nov. 8, 2021 /PRNewswire/ -- OpenText™ (NASDAQ:OTEX), (TSX:OTEX) today announced that it has entered into a definitive agreement to acquire Zix Corporation, Inc. (NASDAQ:ZIXI) ("Zix"), a leader in SaaS-based email encryption, threat protection and compliance cloud solutions for Small and Medium-sized Businesses (SMBs). "We are pleased to announce our intent to acquire Zix, and I look forward to welcoming Zix customers, partners and employees to OpenText," said OpenText CEO & CTO Mark J. Barrenechea. "We intend to integrate Car
Zix Corporation (Zix) (NASDAQ: ZIXI), a leading provider of cloud email security, productivity, and compliance solutions, will host a conference call and webcast to discuss the company's financial results for the third quarter 2021 on Monday, November 8, 2021, at 5:00 p.m. ET. Zix's financial results will be available on its investor relations Web site at http://investor.zixcorp.com and announced in a press release prior to the conference call on November 8, 2021. All interested parties are invited to hear Dave Wagner, Zix's Chief Executive Officer, and Dave Rockvam, Zix's Chief Financial Officer, review the company's financial results as well as third quarter 2021 business highlights. To
Strong Adoption of Secure Cloud Platform Drives 18% Increase in Revenue and 17% Increase in Annual recurring revenue (ARR) Generated $14.7 Million in Cash Flow from Operations, an increase of 212% Compared to Q2 2020 Cash Position Increased $10.2 Million or 43% to $33.9 Million Compared to Q1 2021 Zix Corporation (Zix) (NASDAQ:ZIXI), a leading provider of cloud email security, productivity, and compliance solutions, today announced financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Financial Highlights (results compared to the same year-ago quarter) Revenue increased 18% to $62.8 million. Annual recurring revenue (ARR) increased 17% to $252.4 milli
Continued Strong Adoption of Secure Cloud Platform Drives 14% Increase in Revenue and ARR, 20% Growth in Cloud ARR and $10.7 million in Cash Flow from Operations Zix Corporation (Zix) (NASDAQ:ZIXI), a leading provider of cloud email security, productivity, and compliance solutions, today announced financial results for the first quarter ended March 31, 2021. First Quarter 2021 Financial Highlights (results compared to the same year-ago quarter) Revenue increased 14% to $60.0 million. Annual recurring revenue (ARR) increased 14% to $243.6 million. Cloud ARR increased 20% to $214.3 million or 88% of total ARR. GAAP net loss totaled ($2.5) million compared to a year ago net loss of ($0
DALLAS--(BUSINESS WIRE)--Zix Corporation (Zix) (NASDAQ: ZIXI), a leading provider of cloud email security, productivity, and compliance solutions, today announced financial results for the fourth quarter and full year ended December 31, 2020. Fourth Quarter 2020 Financial Highlights (results compared to the same year-ago quarter) Revenue increased 15% to $57.9 million. Annual recurring revenue (ARR) increased 14% to $237.7 million. Cloud ARR increased 21% to $206.6 million or 87% of total ARR. GAAP net loss totaled ($2.9) million compared to a year ago net loss of ($3.1) million. GAAP net loss attributable to common stockholders totaled ($5.3) million compared to a year a
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Everbridge, Inc. (NASDAQ:EVBG), the global leader in critical event management (CEM) and national public warning software solutions, today announced that David Wagner, formerly President and Chief Executive Officer of Zix, has been appointed President and Chief Executive Officer, effective immediately, and will become a member of the Board of Directors. Patrick Brickley, who has served as Co-CEO and Chief Financial Officer, and Vernon Irvin, who has served as Co-CEO and Chief Revenue Officer, will continue in their roles as Chief Financial Officer and Chief Revenue Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220725005
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