zix corp (ZIXI) Details
Zix Corporation provides email encryption and data loss prevention solutions to the healthcare, financial services, insurance, and government sectors in the United States. The company offers ZixCorp Email Encryption, a software-as-a-service solution, which allows an enterprise to use policy-driven rules to determine which email messages should be sent securely to comply with regulations or company-defined policies. It also provides ZixDirectory, an email encryption community to share identities; ZixCorp’s Best Method of Delivery, which is designed to deliver email according to the sender’s encryption policy; and ZixGateway, an enterprise gateway that automatically decrypts the message. In addition, the company offers ZixDLP, an email-specific data loss prevention solution that reduces deployment time from months to hours and minimizes impact on customer resources and workflow. Zix Corporation sells its email encryption services through a direct sales force, and a network of resellers and other distribution partners. The company was formerly known as ZixIt Corporation and changed its name to Zix Corporation in 2002. Zix Corporation was founded in 1983 and is headquartered in Dallas, Texas.
Last Reported Date: 03/13/13
Founded in 1983
zix corp (ZIXI) Top Compensated Officers
Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $330.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $187.5K
Chief Compliance Officer, Chief Governance Of...
Total Annual Compensation: $225.0K
Vice President of Engineering
Total Annual Compensation: $240.0K
Vice President of Client Services
Total Annual Compensation: $230.0K
Compensation as of Fiscal Year 2012.
Zix Corporation Introduces ZixOne BYOD Solution to Maintain User Privacy and Control, While Securing Corporate Assets
May 13 13
Zix Corporation has introduced ZixOne(TM), the first bring-your-own-device (BYOD) mobile email app to solve the diverging needs of protecting corporate data in email, while allowing employees to maintain privacy and control of their personal devices. BYOD describes the increasing trend of employees using their personal devices to conduct work and access corporate data. Unlike other BYOD solutions, ZixOne meets the users' desire to keep corporate IT away from their devices while giving IT the ability to secure content and meet compliance needs. With seamless access to work email in a secure, simple-to-use environment, employees can stay productive while preserving device independence. A BYOD solution that is acceptable to employees solves one of the IT management challenges. ZixOne delivers email data protection in the form of a mobile app that enables corporate email access without allowing the data to reside on an employee's personal device where it has greater potential for compromise. This approach provides a secure mobile email environment that is familiar and acceptable to mobile users. If the device is lost or stolen, ZixOne can simply disable access to corporate email from that device. Recognizing that a simple user experience is essential to employee acceptance, ZixOne combines a familiar look and feel for the interface with greater speed and security. After entering a passcode, employees read, compose, reply and forward corporate email as usual. Their business calendar and contacts remain intact and are accessible through the app. In addition, employees instantly view attachments from the exchange server, instead of the usual delay created from the whole attachment being downloaded to their device. ZixOne is currently in beta testing with ZixCorp customers that represent a variety of industries, including financial services, insurance, healthcare and government. To protect corporate data on mobile devices, businesses currently have two primary solutions -- mobile device management (MDM) and containerization. Neither solution fully meets the needs of business, leaving data vulnerable on the device. In addition, MDM solutions violate employee privacy while containerization does not offer employees the convenience they demand.
Lahey Hospital & Medical Center Enhances Patient Privacy and Improves Provider Communication with Zix Corporation's Email Encryption Services
Apr 30 13
Zix Corporation announced Lahey Hospital & Medical Center has selected ZixCorp Email Encryption Services to provide secure email to 6,000 internal users. In using ZixCorp's solution, Lahey Hospital & Medical Center enables efficient, secure communication while meeting regulatory obligations to protect patient privacy. Lahey Hospital & Medical Center uses ZixGateway to enable physicians, nurses and many departments, such as financial services and information technology, to exchange secure email with primary care providers (PCPs), business associates, regional hospitals and other outside partners. Recipients who use ZixGateway automatically receive encrypted email transparently in their inbox. Recipients who do not use ZixCorp Email Encryption Services can exchange secure email through ZixPort, a secure Web portal. ZixCorp's easy to use email encryption also addresses Lahey Hospital & Medical Center's need for a secure, efficient communication method with outside PCPs.
Zix Corporation Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2013; Provides Earnings Guidance for the Second Quarter of 2013 and Reaffirms Earnings Guidance for the Full Year 2013
Apr 23 13
Zix Corporation reported unaudited consolidated financial results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of $11,764,000, an increase of 14.2% year-over-year compared to $10,301,000 a year ago. GAAP net income was $0.01 per basic and diluted share, a decrease of 76.0% year-over-year compared to $0.04 per basic and diluted share a year ago. First quarter Non-GAAP net income was $0.03 per basic and diluted share, a decrease of 23.7% year-over-year compared to $0.04 per basic and diluted share a year ago. GAAP net income was $567,000 compared to $2,426,000 a year ago. Operating income was $601,000 compared to $2,639,000 a year ago. Income before income taxes was $661,000 compared to $2,644,000 a year ago. Net cash provided by operating activities was $1,078,000 compared to $2,533,000 a year ago. Purchases of property and equipment were $250,000 compared to $228,000 a year ago. Non-GAAP adjusted operating income was $2,129,000 against $3,004,000 a year ago. Non-GAAP adjusted net income was $2,124,000 against $2,860,000 a year ago. EBITDA was $1,016,000 against $2,977,000 a year ago. Adjusted EBITDA was $2,544,000 against $3,342,000 a year ago.
The company provided earnings guidance for the second quarter of 2013 and reaffirmed earnings guidance for the full year 2013. For the second quarter 2013, the company forecasts revenue to be between $11.5 million and $11.7 million and fully diluted adjusted earnings per share to be $0.03 to $0.04. The company expects the second quarter 2013 revenue to be very slightly below the preceding quarter.
For the full year 2013, the company reaffirmed previously issued revenue guidance of $48 million to $50 million and fully diluted Non-GAAP adjusted earnings per share of $0.19 to $0.20. This guidance will yield an adjusted EBITDA margin in the high 20’s and adjusted operating margin in the mid-20% range.