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ZIXI - Zix News Story

$6.48 -0.3  -4.3%

Last Trade - 28/05/20

Sector
Technology
Size
Small Cap
Market Cap £314.6m
Enterprise Value £454.4m
Revenue £160.5m
Position in Universe 3052nd / 6361

BRIEF-Zix to Acquire AppRiver

Tue 15th January, 2019 11:55am
Jan 15 (Reuters) - Zix Corp  ZIXI.O :
    * ZIX TO ACQUIRE APPRIVER, LEADING CLOUD-BASED CYBERSECURITY
SOLUTIONS PROVIDER
    * ZIX CORP - PROPOSED DEAL FOR $275 MILLION IN CASH.
    * ZIX CORP - DEAL FOR $275 MILLION IN CASH.
    * ZIX CORP - SECURES $100 MILLION CONVERTIBLE PREFERRED
EQUITY
COMMITMENT FROM TRUE WIND CAPITAL
    * ZIX CORP - ALSO SECURES $100 MILLION CONVERTIBLE PREFERRED
EQUITY COMMITMENT FROM TRUE WIND CAPITAL
    * ZIX CORP - SECURES $200 MILLION DEBT COMMITMENT FROM
SUNTRUST
BANK AND KEYBANC CAPITAL MARKETS
    * ZIX CORP - RECEIVED COMMITMENT LETTER FROM SUNTRUST BANK,
KEYBANC CAPITAL MARKETS TO NEW 5-YEAR $175 MILLION TERM LOAN &
$25 MILLION REVOLVING CREDIT FACILITY
    * ZIX CORP - ANNUAL RECURRING REVENUE OF COMBINED CO IS
EXPECTED
TO BE ABOUT $180 MILLION AT DEAL CLOSING
    * ZIX - TARGETING ARR OF ABOUT $200 MILLION TO $207 MILLION
AT
FISCAL 2019 YEAR END
    * ZIX - EXPECTING REVENUE OF ABOUT $47 MILLION TO $50
MILLION WITH
24% ADJUSTED EBITDA MARGIN IN Q4 2019

Source text for Eikon:  ID:nBw1xn9mGa 
Further company coverage:  ZIXI.O 

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