ACT Capital Advisors (ACT) is pleased to announce that it advised Erado Corporation on its sale to Zix Corporation (Zix), (Nasdaq: ZIXI), a leader in email security. With the acquisition, Zix strengthens its comprehensive archiving solutions with unified archiving, supervision, security, and messaging solutions for customers that demand bundled services. With more than 18,000 customers across the financial services vertical, Erado’s long-time focus on helping its customers comply with FINRA and SEC regulations will help further strengthen Zix’s offering for customers with compliance requirements. Terms of the transaction were not disclosed.
ACT provided technical advisory services to Erado prior to the close of the transaction. The engagement was led by John Norton, ACT Managing Director and James Bratsanos, Industry Advisor for Technology.
About Erado – Erado is a leader in unified archiving and compliance platforms for social media, email, instant messaging, websites, text messages, audio, and video content to customers worldwide. For the past 22 years Erado has provided organizations in financial services, pharmaceuticals, government, and education with cost-effective archiving and compliance solutions. For more information, please visit www.erado.com or call 866-673-7236.
About ACT — ACT Capital Advisors, LLC is a leading Mergers & Acquisitions (M&A) firm that represents lower-middle-market companies across a variety of sectors and industries, including industrial manufacturing, information technology, construction, healthcare, aerospace, consumer staple/discretionary, oil and energy, as well as outsourced services. The firm provides strategic M&A and financial advice to closely held, family-owned, as well as private equity sponsored organizations and corporate shareholders that wish to sell all or a portion of their company, or conversely, a division, a product line, or a subsidiary of their entity. Leveraging ACT’s deep industry-wide knowledge and strategic auction process, clients appreciate ACT’s approach, pairing the professional expertise of a national investment banking firm with the senior level attention and entrepreneurial creativity of a smaller enterprise. ACT’s technology practice provides guidance for IT Services and Specialized SaaS firms (Fintech, Adtech) who want an optimal exit.
