Zix Corporation Acquires Erado
April 3, 2018
Zix Corporation has acquired Seattle-based Erado, a provider of unified archiving, supervision, eDiscovery and analytics, to expand Zix’s cloud-based archiving, compliance and messaging solutions—particularly for regulated financial services customers. Erado serves more than 18,000 customers and the acquisition is expected to add approximately $1.5 million in subscription revenue in 2018 while enabling broader compliance and multi-channel archiving capabilities for Zix’s customer base.
- Buyers
- Zix Corporation
- Targets
- Erado
- Industry
- Cybersecurity
- Location
- Washington, United States
- Transaction Type
- Buyout
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