OpenText Acquires Zix Corporation

November 8, 2021

OpenText completed the acquisition of Zix Corporation, a SaaS-based email encryption, threat protection and compliance cloud provider for SMBs, for $8.50 per share in a transaction valued at approximately $860 million. The deal expands OpenText's SMB cloud portfolio, brings roughly 5,600 managed service partners, deepens its Microsoft relationship, and is expected to be accretive to adjusted EBITDA and ARR.

Buyers
OpenText
Targets
Zix Corporation
Sellers
Certain Zix shareholders (holders of approximately 31% of outstanding shares agreed to tender)
Industry
Cybersecurity
Location
Texas, United States
Transaction Type
Buyout

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