3 Firms Shepherd $275M Deal For PE-Backed AppRiver
By Benjamin Horney (January 15, 2019, 2:30 PM EST) -- Security technology company Zix Corp. has agreed to buy cloud-based cybersecurity services provider AppRiver from private equity firm Marlin Equity Partners for $275 million in cash, the companies said Tuesday, in a deal steered by Baker Botts LLP, Kirkland & Ellis LLP and Simpson Thacher & Bartlett LLP.
In AppRiver, Zix picks up a company that serves more than 60,000 companies across the globe. AppRiver has been providing cybersecurity services since 2002, when it launched its first spam and virus service, and today the company also provides things such as email encryption, secure archiving and email continuity solutions.
David Wagner, CEO...
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