ZixCorp (ZIXI) Approves $10M Buyback

Zix Corporation (Zix), (NASDAQ: ZIXI), a leader in email security, announced that its board of directors approved a share repurchase program that enables the company to purchase up to $10 million of its shares of common stock from time to time in the open market or in block purchase transactions. The amount and timing of specific repurchases are subject to market conditions, applicable legal requirements and other factors. The share purchases will be funded from cash from operations and may be suspended or discontinued at any time. The share repurchase program is scheduled to expire on May 31, 2018.

“We are confident in the strength and future of Zix. The latest share repurchase program, our acquisition of Greenview Data and the unveiling of two new solutions for an expanded total addressable market demonstrate our balanced strategic approach and our commitment to investing in profitable growth,” said Dave Wagner, Chief Executive Officer at Zix. “We look forward to delivering value to our shareholders through continued execution of our strategic growth pillars.”

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