Zix Corporation (Nasdaq: ZIXI), a Dallas, TX-based provider of cloud email security, productivity and compliance solutions, acquired CloudAlly Ltd., an Israeli provider of cloud-based data backup and recovery solutions for business.
The acquisition of CloudAlly expands Zix’s product suite into Microsoft Office 365 backup, filling demand from AppRiver’s MSP channel and Zix’s value-added reseller and direct channels. CloudAlly enables Zix to enter the cloud backup and recovery market.
Founded in 2011 and led by Avinoam Katz, Chief Executive Officer, CloudAlly provides enterprise-grade, software-as-a-service (SaaS) cloud backup and recovery solutions. The company offers a suite of ISO 27001 certified and GDPR/HIPAA compliant solutions for Microsoft Office 365, Google Workspace (formerly G Suite), SharePoint, OneDrive, Salesforce, Box and Dropbox. CloudAlly is a channel-first provider, serving more than 5,000 customers, 250,000 users and supported by 600 Managed Service Provider (MSP) partners. For the fiscal year ending December 31, 2020, CloudAlly is projecting to generate on a standalone basis approximately $8.0 million in Annual Recurring Revenue (ARR).
Led by David Wagner, Chief Executive Officer, Zix delivers solutions for email encryption and data loss prevention, advanced threat protection, unified information archiving and bring your own device (BYOD) mobile security.
FinSMEs
10/11/2020