ZIXI
Zix Corporation
$8.48
%
Analyst Rating:Buy

Stock Details

CEO

David Wagner

Sector

Technology

Industry

Software - Infrastructure

Full Time Employees

543

Address

2711 North Haskell Avenue, Suite 2300, Lb 36, Dallas, TX, 75204-2960

Zix Corporation offers a comprehensive range of cybersecurity and data management solutions. These services, which include email encryption, data loss prevention, threat protection, unified archiving, and cloud data backup, are available in the United States, Israel, Canada, the United Kingdom, and Switzerland. Among its key offerings is Advanced Email Threat Protection, a cloud-native service designed to shield organizations from a spectrum of sophisticated email-borne dangers such as zero-day malware, ransomware, phishing, CEO fraud, W-2 phishing attacks, spam, and viruses. Additionally, Zix provides Information Archive, a cloud-based email retention solution facilitating user retrieval, regulatory compliance, and e-discovery processes. The company's Email Encryption Service allows users to securely send encrypted messages to any email recipient, anywhere, on any internet-enabled device. Its portfolio also extends to cloud-based cybersecurity tailored for small and medium businesses, information rights management, electronic signature capabilities, secure file sharing, and robust software-as-a-service (SaaS) cloud backup and recovery solutions. Zix caters to a diverse client base, serving the healthcare, financial services, and insurance sectors, alongside various government entities. The company distributes its services through a multi-faceted approach, employing both direct and telesales teams, complemented by a strong network of resellers and other distribution partners, notably managed service providers. Founded in 1988, the company was initially known as ZixIt Corporation, rebranding to Zix Corporation in 2002. Headquartered in Dallas, Texas, Zix Corporation has operated as a subsidiary of Open Text Corporation since December 23, 2021.

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Price target for Zix Corporation  $8.48

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