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opentext OpenText to Acquire Zix Corporation 11/8/2021 TM Strengthens SMB Platform with Cloud - based Email Security & Compliance Solutions , Brings 5,600 Managed Service Partners , Extends Microsoft Relationship WATERLOO , ON , Nov. 8 , 2021 / PRNewswire / -- OpenText ™ M ( NASDAQ : OTEX ) , ( TSX : OTEX ) today announced that it has entered into a definitive agreement to acquire Zix Corporation , Inc. ( NASDAQ : ZIXI ) ( " Zix " ) , a leader in SaaS based email encryption , threat protection and compliance cloud solutions for Small and Medium - sized Businesses ( SMBs ) . " We are pleased to announce our intent to acquire Zix , and I look forward to welcoming Zix customers , partners and employees to OpenText , " said OpenText CEO & CTO Mark J. Barrenechea . " We intend to integrate Carbonite , Webroot and Zix products to create a powerhouse SMB platform for data protection , threat management , email security and compliance solutions . Acquisitions of cloud growth assets like Zix highlights our commitment to our Total Growth strategy and approach to cash - based returns . " " Zix will deepen our technology and go - to - market relationship with Microsoft . Further , Zix will bring approximately 5,600 MSPs to OpenText , and create significant cross - sell opportunities in the OpenText and Zix clouds . Today's announcement demonstrates our commitment to winning in both the Enterprise and SMB markets , " said Mr. Barrenechea . " The acquisition of Carbonite in December 2019 and its successful integration has given us the confidence and readiness to expand even further into the SMB market " added OpenText EVP & CFO , Madhu Ranganathan . " Zix brings a meaningful addition to our cloud revenues and will be immediately accretive to our adjusted EBITDA . Once integrated , we expect Zix to contribute to organic growth in cloud and Annual Recurring Revenues , be on the OpenText operating model for profitability and meet our cash - based returns criteria . We remain committed to maintaining a healthy balance sheet , delivering strong earnings , and continuing to invest in our organic growth initiatives . " OpenText CEO & CTO Mark J. Barrenechea and OpenText EVP , CFO Madhu Ranganathan will host a conference call today at 9:00 a.m. Eastern Time to discuss today's announcement . Conference call details are included further 1