Erado is a SaaS (software as a service) market leader in archiving, supervision, e-discovery and analytics for the financial sector.
OneAccord capital advisors acted as the financial advisor to Erado in its acquisition by Zix Corporation (NSDQ: ZIXI), a leader in email encryption and security.
Erado CEO Craig Brauff and chief operating officer Jesse Perbix selected OneAccord due to its technology expertise and stellar reputation.
"Craig and I enjoyed working with them and are grateful for their assistance,” said Jesse, adding he would not hesitate to call upon OneAccord for their next transaction.
With the acquisition, Zix strengthens its comprehensive archiving solutions with unified archiving, supervision, security and messaging solutions for customers that demand bundled services.
“Our customers are increasingly requesting that we provide additional email protection services,” said Zix CEO David Wagner. “The acquisition of Erado enables us to meet our customers’ needs, strengthen our leadership position and expand our cloud-based archiving capabilities beyond email to all forms of digital communications. This acquisition, together with our Q1 2017 acquisition of Greenview Data, represents the successful continuation of our previously stated growth strategy.”