Zix Corporation (Zix), (Nasdaq: ZIXI), Dallas-based cloud email security giant acquires Israeli startup CloudAlly for $30M.

Founded in 2011 by Avinoam Katz, CloudAlly provides a SaaS solution for enterprise-grade cloud backup and recovery for Microsoft Office 365, Google Workspace, Salesforce, Dropbox, and more.

Avinoam Katz, CloudAlly’s Chief Executive Officer, commented: “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.”

Conclusion: 

” This recent acquisition will provide Zix with its initial footprint in the cloud backup and recovery market, which is estimated to be worth upwards of $1 billion annually. In addition, this enables Zix to expand its product offering into the Microsoft Office 365 cloud backup realm.”