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6 Things You Need To Know About Zix’s Planned Purchase Of AppRiver

In a big shakeup for secure email, Zix is creating an SMB behemoth that is poised to see $180 million in annual revenue and massive opportunities for partners, Zix CEO David Wagner tells CRN.

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Zix To Buy AppRiver

Zix, a Dallas-based provider of secure email and backup services, said it is buying AppRiver for $275 million and in doing so is expanding the number of its partners from 400 to 4,000 in a big push into the channel.

The deal, which is expected to close by March 31, creates an encrypted email juggernaut for the SMB space that is expected to see annual revenue of $180 million.

To finance the deal to buy AppRiver, Zix received a $100 million investment from True Wind Capital, as well as a $175 million five-year loan—with $25 million in revolving credit—from SunTrust Bank and KeyBanc Capital Markets. Two True Wind partners will also sit on the Zix board once the deal closes: Jamie H. Greene Jr., founding partner, and Brandon Van Buren, a principal.

CRN talked to Zix CEO David Wagner about the deal and why the channel is crucial to success. Here are six things you need to know about the acquisition.

 
 
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