Clairfield advises CloudAlly on the sale to Zix Corporation
CloudAlly, a cloud-based backup service provider, was sold to Zix Corporation, a leading provider of cloud email security and compliance solutions.
CloudAlly offers secure SaaS automated cloud-to-cloud backup solutions for Microsoft Office 365, Google Workspace (formerly G Suite), Sharepoint, OneDrive, SalesForce, Box and Dropbox. CloudAlly serves more than 5,000 customers, 250,000 users and supported by 600 Managed Service Provider (MSP) partners.
ZIX (NASDAQ:ZIXI) is a cybersecurity company headquartered in Dallas TX. CloudAlly offers complementary and synergistic go-to-market motions and end markets with no overlap in Zix’s MSP partner bases.
Clairfield International acted as exclusive financial advisor to CloudAlly.
“A comprehensive data protection plan is more important than ever as companies around the world are focusing on cybersecurity for their remote workforce. We’re extremely excited to join forces with Zix at this time and feel that our industry leading cloud backup service will be a complementary and valuable addition to their recently announced Secure Cloud Platform, an integrated suite of productivity, security and compliance services. This suite of services will give our rapidly growing combined customer and partner base around the world the tools they need to protect their critical cloud assets across an evolving distributed workforce.”
— Avinoam Katz, CloudAlly CEO
This is a significant transaction in the growing backup and cybersecurity space, an area where Clairfield offers special expertise.
Deal team:
