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zix corp (ZIXI) Key Developments

University of Colorado Health Selects Zix Email Encryption to Protect Patient Health Information and Alleviate HIPAA Headaches

Zix Corporation announced that University of Colorado Health has selected Zix(R) Email Encryption to provide consolidated, secure email across its entire healthcare system. UCHealth consists of Memorial Health System, Poudre Valley Health System, and University of Colorado Hospital. By using Zix Email Encryption, UCHealth can communicate securely across its organization and with its partners and patients to protect patient privacy and meet the regulatory requirements of the Health Insurance Portability and Accountability Act and the Health Information Technology for Economic and Clinical Health Act. UCHealth leverages ZixCorp's sophisticated policy filters to automatically scan and encrypt sensitive information, such as personal health information, if it is detected in the email subject, message or attachments. The policies and automatic scanning enable 18,000 UCHealth users to protect email and maintain focus on providing quality patient care. ZixCorp supports HIPAA and security compliance within healthcare companies and understands the requirements for email. ZixCorp also reduces the IT compliance, training, and staffing requirements for hospitals and other health care providers.

Zix Corporation Announces Central Technology Services Signs Four-Year Contract

Zix Corporation announced that Central Technology Services has signed a four-year contract to protect sensitive information in email using Zix Email Encryption. CTS made the switch from Cisco's IronPort Encryption Appliance (IEA) to ZixCorp for its transparency, encryption technology and support. An affiliate of Central Bancompany, CTS provides banking operations to Central Bancompany's financial service institutions, enabling 2,200 employees to communicate sensitive information securely. Whether the information is being sent to a Central Bancompany partner who also uses Zix Email Encryption or a customer who has no email encryption capabilities, ZixCorp offers flexible decryption and secure reply options. Zix Email Encryption is offered through software as a service architecture, making it easy to install and maintain. ZixCorp's SaaS architecture is supported by the ZixData Center, a SysTryst/SOC3 certified, SOC2 accredited and PCI Level 1, DSS V2.0 certified facility with a track record of consistent 99.999% availability.

Zix Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014 and Revises Earnings Guidance for the Full Year 2014

Zix Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $12,615,000, operating income of $1,587,000, income before income taxes of $1,979,000, net income of $977,000 or $0.02 per basic and diluted share as compared to revenue of $11,838,000, operating income of $1,915,000, income before income taxes of $1,979,000, net income of $1,871,000 or $0.03 per basic and diluted share for the same period prior year. Non-GAAP adjusted operating income was $2,259,000, non-GAAP adjusted net income was $2,174,000 or $0.04 per diluted share, EBITDA was $1,994,000, adjusted EBITDA was $2,666,000 compared to non-GAAP adjusted operating income of $2,472,000, non-GAAP adjusted net income of $3,063,000 or $0.04 per diluted share, EBITDA of $2,335,000, adjusted EBITDA of $2,906,000 for the same period prior year. Capital expenditures were $698,000. For the six months, the company reported revenue of $24,777,000, operating income of $3,234,000, income before income taxes of $3,308,000, net income of $2,036,000 or $0.03 per basic and diluted share as compared to revenue of $23,602,000, operating income of $2,516,000, income before income taxes of $2,640,000, net income of $2,438,000 or $0.04 per basic and diluted share for the same period prior year. Net cash provided by operating activities was $5,840,000 as compared to $3,551,000 for the same period prior year. Purchases of property and equipment were $857,000 as compared to $948,000 for the same period prior year. Non-GAAP adjusted operating income was $4,420,000, non-GAAP adjusted net income was $4,283,000 or $0.07 per diluted share, EBITDA was $4,102,000, adjusted EBITDA was $5,288,000 as compared to non-GAAP adjusted operating income of $4,616,000, non-GAAP adjusted net income of $4,597,000 or $0.07 per diluted share, EBITDA of $3,351,000, adjusted EBITDA of $5,451,000 for the same period prior year. The company also provided earnings guidance for the third quarter of 2014 and revised earnings guidance for the full year of 2014. For the third quarter of 2014, the company forecasted revenue to be between $12.8 million and $13.1 million and non-GAAP fully diluted adjusted earnings per share to be between $0.03 and $0.04. Based on year-to-date revenue and estimates for the remainder of the year, the company revised its full-year revenue guidance to be between $51 million and $52 million and fully diluted non-GAAP adjusted earnings per share to be between $0.15 and $0.16.

Zix Corporation Unveils ZixOne on the Samsung Solutions Exchange(TM)

Zix Corporation announced that ZixOne(R) is available on the Samsung Solutions Exchange(TM), expanding mobile security options for enterprises using Samsung's mobile devices. The Samsung Solutions Exchange addresses the needs of business owners by creating holistic mobile solutions on a robust portfolio of enterprise-grade Samsung mobile products. With the addition of ZixOne to the Samsung Solutions Exchange, Samsung customers can now leverage the unique ZixOne approach that enhances employee productivity while protecting corporate data. ZixOne is a mobile app that manages access to corporate email while never allowing that data to reside on the device where it is vulnerable to loss or theft. ZixOne provides significant advantages to companies that support mobile workforces, including protection of sensitive corporate data in email, such as confidential company information, customer data and intellectual property; convenient employee access to corporate email, calendar and contacts; and compliance reporting to confirm sensitive data was not exposed when a device is lost or stolen. The Samsung Solutions Exchange delivers a range of third party offerings designed to make it easier for enterprises to succeed in the new era of mobile business.

Zix Corporation to Report Q2, 2014 Results on Jul 22, 2014

Zix Corporation announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 22, 2014

 

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