Zix Reports Fourth Quarter and Full Year 2018 Financial Results
Summary
We expanded our managed service provider (MSP) program, added dozens of G-Suite resellers and reduced our reliance on OEM partnerships in favor of partners more aligned with our cloud-based offerings. With our recent transformational acquisition of AppRiver, we look to extend this success in a much more impactful way by leveraging our newfound scale, cost synergies, expanded customer base, and complementary solutions.” Acquired AppRiver , a leading cloud-based cybersecurity solutions provider, creating significant scale and accelerating growth, attractive cross-selling opportunities, and a strengthened position in the cloud-based email security market. Trusted by the nation’s most influential institutions in healthcare, finance and government, Zix delivers a superior experience and easy-to-use solutions for email encryption and data loss prevention, advanced threat protection, unified information archiving and bring your own device (BYOD) mobile security. 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 but not limited to risks or uncertainties related to the completion and integration of acquisitions, the effects of our debt and equity financing transactions, year-end adjustments to previously reported preliminary unaudited financial information, market acceptance of both existing and new Zix solutions, changing market dynamics resulting from technological change, innovation and continuing customer migration to the cloud, changes in the competitive ecosystem, and how privacy and data security laws may affect demand for Zix data protection solutions.