Zix Corporation, a leader in email security, has entered into an agreement to acquire AppRiver, a leading provider of cloud-based cybersecurity solutions for $275 million in cash.
AppRiver is based out of Gulf Breeze and is a channel-first provider of cloud-based cybersecurity and productivity services, serving more than 60,000 companies worldwide and supported by a 4,500-strong Managed Service Provider (MSP) reseller community.
AppRiver launched its flagship spam and virus service in 2002, and has since bolstered its suite of cloud-based security offerings with web protection, email encryption, secure archiving, and email continuity solutions. AppRiver also provides Microsoft Office 365 and Secure Hosted Exchange services, which serve as an effective lead generation tool for the company’s security solutions.
We knew 2019 was going to be a game changer … and we are excited about the possibility of growing with ZixAppRiver
For more than 15 years, AppRiver has helped drive industry-leading customer value through its award-winning 24/7 customer service and a single centralized platform to manage all cloud-based security solutions.
Other info you need to know:
- Combination creates leading cloud-based email security provider to Small and Midsize Business (SMB) Market with over $180 Million of Annual Recurring Revenue (ARR)
- Company also secures $100 Million convertible preferred equity commitment from True Wind Capital and $200 Million debt commitment from SunTrust Bank and KeyBanc Capital Markets
Congrats to the team over at AppRiver!