OverviewSuggest Edit

Zix is a company providing email encryption, data loss prevention (DLP), threat protection, and archiving services for the secure exchange of email. It offers Advanced Email Threat Protection, a cloud-based service that defends organizations from zero-day malware, ransomware, phishing, CEO fraud, W-2 phishing attacks, spams, and viruses in the email; Information Archive, a cloud-based email retention solution that enables user retrieval, compliance, and e-discovery; and Email Encryption Service that allows a user to send encrypted email to any email user anywhere and on any Internet-enabled device. The company provides cloud-based cybersecurity solutions and e-signatures and secure file sharing solutions as well. It serves the healthcare, financial services, insurance, and government sectors.
TypePublic
Founded1998
HQDallas, TX, US
Websitezix.com
Employee Ratings2.8
Overall CultureB+

Latest Updates

Employees (est.) (Dec 2019)566(+114%)
Job Openings2
Revenue (FY, 2020)$218.5 M(+26%)
Share Price (May 2021)$7.3(-6%)
Cybersecurity ratingBMore

Key People/Management at Zix

David Wagner

David Wagner

President & Chief Executive Officer
Dave Rockvam

Dave Rockvam

Chief Financial Officer
Geoff Bibby

Geoff Bibby

Chief Marketing Officer
Dena Bauckman

Dena Bauckman

Vice President, Product Management
Bhavin Merchant

Bhavin Merchant

Chief Business Officer
David Robertson

David Robertson

Vice President, Engineering
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Zix Office Locations

Zix has offices in Dallas, Ann Arbor, Burlington and Ottawa
Dallas, TX, US (HQ)
Tower at Cityplace, 2711 N Haskell Ave
Ann Arbor, MI, US
8178 Jackson Rd # D
Burlington, MA, US
55 Network Dr 1st Floor
Ottawa, CA
304 300 March Rd
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Zix Financials and Metrics

Zix Revenue

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Zix's revenue was reported to be $218.5 m in FY, 2020
USD

Revenue (FY, 2020)

218.5m

Gross profit (FY, 2020)

105.7m

Gross profit margin (FY, 2020), %

48.4%

Net income (FY, 2020)

(6.4m)

EBIT (FY, 2020)

4.6m

Market capitalization (3-May-2021)

418.8m

Closing stock price (3-May-2021)

7.3

Cash (31-Dec-2020)

21.4m

EV

624.7m
Zix's current market capitalization is $418.8 m.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

65.7m70.5m173.4m218.5m

Revenue growth, %

7%146%

Cost of goods sold

12.6m15.2m76.9m112.8m

Gross profit

53.1m55.3m96.5m105.7m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

16.7m17.5m17.9m29.3m45.9m47.8m52.4m53.3m54.8m

Cost of goods sold

3.5m3.8m3.9m11.1m20.3m21.4m26.1m28.3m27.9m

Gross profit

13.1m13.7m14.0m18.2m25.6m26.4m26.4m25.1m26.9m

Gross profit Margin, %

79%78%78%62%56%55%50%47%49%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

33.0m27.1m13.3m21.4m

Accounts Receivable

1.4m3.2m10.1m16.8m

Prepaid Expenses

3.2m3.2m5.0m5.4m

Current Assets

37.6m33.5m28.4m43.6m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

29.3m17.7m24.0m16.7m11.3m10.1m16.3m14.1m23.7m

Accounts Receivable

1.1m2.3m3.2m9.8m9.0m10.1m13.0m12.9m15.3m

Prepaid Expenses

2.7m3.0m2.8m5.3m4.6m4.7m4.8m5.6m4.0m

Current Assets

33.1m23.0m30.0m31.7m24.9m24.9m34.1m32.6m43.0m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(8.1m)15.4m(14.6m)(6.4m)

Depreciation and Amortization

2.7m3.7m24.4m32.3m

Accounts Payable

645.0k(325.0k)6.1m5.5m

Cash From Operating Activities

18.2m16.7m14.0m31.3m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

1.9m3.7m6.2m(6.3m)(10.0m)(11.6m)(853.0k)(2.8m)(3.5m)

Depreciation and Amortization

746.0k1.7m2.6m2.7m9.6m16.3m7.8m15.5m23.6m

Accounts Payable

(295.0k)107.0k(510.0k)6.0m3.2m4.2m562.0k(1.2m)3.3m

Cash From Operating Activities

1.0m4.4m11.8m(417.0k)1.3m8.0m4.4m9.1m24.2m
USDFY, 2017

Revenue/Employee

281.8k

Financial Leverage

1.9 x
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Zix Acquisitions / Subsidiaries

Company NameDateDeal Size
CloudAllyNovember 09, 2020
DeliverySlip IncMay 07, 2019$13.8 m
AppRiver AGFebruary 20, 2019
AppRiver AG SpainFebruary 20, 2019
AppRiver Canada ULCFebruary 20, 2019
AppRiver LLCFebruary 20, 2019
AppRiver Parent LLCFebruary 20, 2019
AppRiver UK LtdFebruary 20, 2019
AR Topco LLCFebruary 20, 2019$277.7 m
AppRiverJanuary 16, 2019$275 m
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Zix Revenue Breakdown

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Zix revenue breakdown by business segment: 100.0% from Email Encryption and Security Solutions

Zix Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

Zix Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Zix Online and Social Media Presence

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Zix Company Culture

  • Overall Culture

    B+

    84/100

  • CEO Rating

    A

    83/100

  • Compensation

    A+

    90/100

Learn more on Comparably

Zix News and Updates

Zix Blogs

Phishers Leverage Malicious Office 365 App to Hijack Users’ Accounts

/Resources/Blog/January-2020/Malicious-Office-365-App-Hijacks-Accounts

Information Security Trends & Predictions for 2020 and Beyond

/Resources/Blog/January-2020/Cybersecurity-Trends-and-Predictions-for-2020

Are You Compliant With the California Consumer Privacy Act?

/Resources/Blog/January-2020/Are-You-Compliant-With-CCPA

3 Steps to Combating Cybercriminals’ Attacks on Local Governments

/Resources/Blog/December-2019/Combating-Attacks-on-Local-Governments

Fake Voicemail Messages Target Companies

/Resources/Blog/December-2019/Fake-Voicemail-Messages-Target-Companies

CISA Warns Users to Be on the Lookout for Holiday-Themed Digital Attacks

/Resources/Blog/November-2019/Be-on-the-Lookout-for-Holiday-Shopping-Scams
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Zix Frequently Asked Questions

  • When was Zix founded?

    Zix was founded in 1998.

  • Who are Zix key executives?

    Zix's key executives are David Wagner, Dave Rockvam and Geoff Bibby.

  • How many employees does Zix have?

    Zix has 566 employees.

  • What is Zix revenue?

    Latest Zix annual revenue is $218.5 m.

  • What is Zix revenue per employee?

    Latest Zix revenue per employee is $386 k.

  • Who are Zix competitors?

    Competitors of Zix include Persona, Egress and Soliton.

  • Where is Zix headquarters?

    Zix headquarters is located at Tower at Cityplace, 2711 N Haskell Ave, Dallas.

  • Where are Zix offices?

    Zix has offices in Dallas, Ann Arbor, Burlington and Ottawa.

  • How many offices does Zix have?

    Zix has 4 offices.