The AppRiver business over the past decade evolved to include hosted Exchange to which AppRiver has a 100% attach rate for advanced email security, Wagner noted. And more recently, AppRiver developed a large Office 365 practice as one of the first two-tier distributors and now the second largest provider of Microsoft Modern Workplace Solutions, he added.Amid the M&A deal, Zix has implemented roughly $8 million in cost reductions. The savings, according to Wagner, include approximately:
$2 million per year of executive compensation and expenses;
$2 million of third-party cost synergies redundant expenses like PR firms, advertising firms, legal fees and accounting; and
$4 million of headcount reductions as a result of approximately 40 employee job cuts that were balanced across Zix and AppRiver.
Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.