AppRiver, LLC
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AppRiver, LLC - overview
Established
2002
Location
Gulf Breeze, FL, US
Primary Industry
IT Security/Cybersecurity
About
AppRiver, LLC provides cloud-based cybersecurity and productivity solutions, focusing on email security and data protection for businesses worldwide. The company specializes in enhancing the security and efficiency of communications and data management. Founded in 2002 in Gulf Breeze, US, AppRiver, LLC offers cloud-based cybersecurity and productivity solutions. In January 2019, the company was acquired by Zix Corporation for USD 275 mn from Marlin Equity Partners.
The acquisition was part of Zix's strategic plan to expand its cybersecurity offerings. The firm has undergone no significant business pivots or structural changes since its inception. AppRiver, LLC specializes in cybersecurity and productivity solutions, primarily focusing on email security and data protection. Key offerings include threat detection and prevention services, email encryption, and data backup and recovery solutions, serving corporate enterprises, managed service providers, and small to medium-sized businesses across North America, Europe, and Asia-Pacific.
Their solutions cater to various industries, ensuring robust protection against evolving cybersecurity challenges. AppRiver, LLC generates revenue through a subscription-based model for its products and services, establishing recurring transactions with clients. The company engages in direct-to-consumer sales and partnerships to deliver tailored cybersecurity solutions. Their flagship products, such as ZixMail and ZixGateway, contribute significantly to their revenue, facilitating client transactions through annual or monthly subscription fees for email security and data protection services.
Following its acquisition by Zix Corporation, AppRiver, LLC aims to leverage the recent funding of USD 275 mn to enhance its product offerings and expand into new markets. Plans include the development of additional cybersecurity products and entry into the European and Asia-Pacific markets by 2023. This strategic growth initiative is expected to augment their existing portfolio and address a broader range of cybersecurity needs globally.
Primary Industry
IT Security/Cybersecurity
Sub Industries
IT Security/Cybersecurity, Monitoring & Security Software
Website
www.appriver.com
Verticals
Cloud Computing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
AppRiver, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | AppRiver, LLC | - | ||||||||
| Add-on, Trade Sale | Completed | Total Defense Inc. | - | ||||||||
| Add-on | Completed | Roaring Penguin Software Inc. | - | ||||||||
| Buyout | Completed | AppRiver, LLC | - |
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AppRiver, LLC - employee data
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