OpenText to Acquire Zix at $484mln Valuation, Representing 2.7% Discount

OpenText agreed to acquire email encryption company Zix in a deal valued at $860 million, including debt. The deal represents a 2.7% discount to Zix's closing price of $8.74 on Friday. OpenText intends to integrate Zix products with its Carbonite and Webroot products to create a powerhouse SMB platform for data protection and email security. The deal is expected to close within 90 days.

OpenText has agreed to acquire email encryption company Zix in a deal valued at $860 million, including debt. The transaction, which represents a 2.7% discount to Zix's closing price of $8.74 on Friday, is expected to close within 90 days [1].

The acquisition aims to integrate Zix's products with OpenText's Carbonite and Webroot offerings to create a robust platform for small and medium-sized businesses (SMBs) focused on data protection and email security. This move is part of OpenText's broader strategy to expand its market reach and enhance its product suite.

Zix's core services include email encryption, secure messaging, and compliance solutions, which align well with OpenText's existing capabilities. By combining these services, OpenText aims to offer a comprehensive solution that caters to the evolving needs of SMBs in the digital age.

The deal underscores OpenText's commitment to innovation and its strategy to strengthen its position in the data protection and security market. The integration of Zix's technology is expected to bring significant value to OpenText's existing customer base and attract new clients seeking advanced email encryption and security solutions.

References:
[1] https://statusgator.com/services/opentext