Zix Corporation (ZIXI) Retains Allen & Company to Review Strategic Alternatives
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Zix Corporation (Nasdaq: ZIXI) has retained Allen & Company LLC to assist ZixCorp's Board of Directors in investigating strategic alternatives for maximizing the value of the Company's e-Prescribing business. This strategic review may result in a partnership, joint venture, the sale of some or all of its e-Prescribing assets or a similar transaction.
No decision has been made to enter into any transaction at this time and there can be no assurance that the Company will enter into such a transaction in the future. It is ZixCorp's policy not to comment on any specific discussions or any potential corporate transactions unless and until it enters into a definitive agreement with respect to such a transaction.
Zix Corporation is involved in email encryption and payor sponsored e-prescribing services. [SM]
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