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ZIXI - Zix News Story

$7.51 -0.1  -0.8%

Last Trade - 2:34pm

Sector
Technology
Size
Small Cap
Market Cap £315.3m
Enterprise Value £454.8m
Revenue £159.4m
Position in Universe 3696th / 6827

BRIEF-Zix Acquires Cloud-Based Backup And Recovery Provider CloudAlly

Mon 9th November, 2020 10:16pm
Nov 9 (Reuters) - Zix Corp  ZIXI.O :
    * ZIX ACQUIRES LEADING CLOUD-BASED BACKUP AND RECOVERY
PROVIDER
CLOUDALLY
    * ZIX CORP - IN CONNECTION WITH ACQUISITION, CO MODIFIED
EXISTING
SENIOR SECURED TERM LOAN LED BY TRUIST BANK
    * ZIX CORP -  MODIFICATION BRINGS TOTAL OUTSTANDING AMOUNT
OF TERM
LOAN TO $212.2 MILLION
    * ZIX CORP - ON A PRO FORMA BASIS, TAKING INTO EFFECT THE
ACQUISITION, AS OF DECEMBER 31, CO EXPECTS TO HAVE OVER $20
MILLION OF CASH AND CASH EQUIVALENTS

Source text for Eikon:  ID:nBwbk33R8a 
Further company coverage:  ZIXI.O 

 ((Reuters.Briefs@thomsonreuters.com;))
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