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Addition of advanced archiving and compliance capabilities enables Zix to address broad customer demand
“Our customers are increasingly requesting that we provide additional
email protection services,” Zix Chief Executive Officer
The acquisition will allow Zix to deliver gold standard solutions for archiving and compliance. This acquisition expands Zix’s cloud-based email archiving capabilities into more than 50 content channels, including social media, instant message, mobile, web, audio, and video. Zix also believes the acquisition will strengthen its relationship with financial services and legal customers by allowing it to offer a more comprehensive archiving solution that helps customers comply with industry regulations.
“Our solutions, and our team, help our customers meet their onerous
compliance requirements while improving their workflow and
In addition to its solutions, Zix’s acquisition of Erado is a good fit based on Erado’s expertise in email security and unified archiving and its reputation for outstanding customer success that aligns with Zix’s promise to deliver a superior customer experience.
“Our customers know us as the premier choice. It’s reflected in our solutions, our people and customer engagement from sales to support,” said Wagner. “We are excited that Erado aligns well with that expectation and look forward to welcoming Craig and his entire team of employees and customers to Zix.”
For the full year 2018, Zix expects subscription revenue from the
acquisition to contribute approximately
Statements in this release that are not purely historical facts or that necessarily depend upon future events, including statements about forecasts of sales, cash flow, revenue or earnings, potential benefits of acquisitions or strategic relationships, or other statements about anticipations, beliefs, expectations, hopes, intentions or strategies for the future, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on forward-looking statements. All forward-looking statements are based upon information available to Zix on the date this release was issued.
Zix undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. Any forward-looking statements involve risks
and uncertainties that could cause actual events or results to differ
materially from the events or results described in the forward-looking
statements, including risks or uncertainties related to Zix’s ability to
successfully integrate new acquisitions, market acceptance of new Zix
solutions and how privacy and data security laws may affect demand for
Zix solutions. Zix may not succeed in addressing these and other risks.
Further information regarding factors that could affect Zix financial
and other results can be found in the risk factors section of Zix’s most
recent filing on Form 10-K with the