Jan 2019

DCS Advisory Acts as Advisor to AppRiver on its Agreement to be Acquired by Zix Corporation

DCS Advisory, a leading investment banking firm, acted as a co-advisor to its client AppRiver, a leading provider of cloud-based cybersecurity solutions, on its agreement to be acquired by Zix Corporation (NASDAQ:ZIX) for $275 million.

The combination will create a leading cloud-based email security provider to the small and midsize business market with over $180M of annual recurring revenue.

Zix is a leader in email security, delivering an improved experience and easy-to-use solutions for email encryption and data loss prevention, advanced threat protection, unified information archiving and bring your own device mobile security.

This is the third transaction on which DCS Advisory’s (including one of its predecessor firms, Signal Hill) Cybersecurity team advised AppRiver. Prior to this acquisition, Signal Hill advised AppRiver on its acquisition by Marlin Equity Partners, a global investment firm with over $6.7 billion of capital under management, and in October 2018, DCS Advisory advised AppRiver on its acquisition of Total Defense.

About DCS Advisory

DCS Advisory LLC is a leading investment bank specializing in M&A and private capital raising. DCS Advisory is a wholly owned subsidiary of Daiwa Capital Markets America Holdings Inc. and is an indirect subsidiary of Daiwa Securities Group Inc. Along with sister company DC Advisory, other Daiwa affiliates, and alliance partners, DCS Advisory is part of an established global brand with more than 900 professionals in 37 offices throughout the Americas, Europe and Asia. DCS Advisory covers a broad range of industries including Aerospace, Defense and Government Services, Business and Tech-Enabled Services, Industrials, Consumer, Retail and Leisure, Media and Telecom, and Technology and Software. For more information please visit www.dcsadvisory.com.

These materials have been prepared by DCS Advisory solely for informational purposes and do not constitute or form part of, and should not be construed as, an offer to sell or issue, a solicitation of an offer to buy, or a recommendation with respect to any securities. 

About Marlin Equity Partners

Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 140 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.