DALLAS--(BUSINESS WIRE)--Zix Corporation (ZixCorp), (Nasdaq: ZIXI), a leader in email data protection, today announced that the company’s common stock was added to the NASDAQ US Buyback Achievers Index on February 2nd. The Index is comprised of United States securities issued by corporations that have effected a net reduction in shares outstanding of 5% or more in the trailing 12 months.
ZixCorp recently announced another share repurchase program, enabling the company to purchase up to $10 million of its shares of common stock from time to time in the open market. The share purchases will be funded from cash from operations and may be suspended or discontinued at any time. The latest share repurchase program is scheduled to expire on July 31, 2015. It is the company’s 5th share repurchase program in the last 4 years. Between March 2011 and September 2014 ZixCorp completed 4 other repurchase programs resulting in the repurchase of 15,620,814 shares.
About Zix Corporation
ZixCorp is a leader in email data protection. ZixCorp offers industry-leading email encryption, a unique email DLP solution and an innovative email BYOD solution to meet your company’s data protection and compliance needs. ZixCorp is trusted by the nation’s most influential institutions in healthcare, finance and government for easy-to-use secure email solutions. ZixCorp is publicly traded on the Nasdaq Global Market under the symbol ZIXI, and its headquarters are in Dallas, Texas. For more information, visit www.zixcorp.com.
Statements in this release that are not purely historical facts or that necessarily depend upon future events, including statements regarding ZixCorp's plan to repurchase a portion of its common shares in the open market, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on forward-looking statements. All forward-looking statements are based upon information available to ZixCorp on the date this release was issued. ZixCorp undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Any forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, including risks or uncertainties related to ZixCorp's overall financial and cash generation performance, potential other uses for ZixCorp's cash, potential limitations on repurchases, conditions in the market for ZixCorp's stock and other corporate developments. Further information regarding factors that could affect ZixCorp’s ability to successfully execute its plan to repurchase a portion of its shares of common stock can be found in the risk factors section of ZixCorp’s most recent filing on Form 10-K with the Securities and Exchange Commission.