April 3, 2018 / 12:19 PM / in 8 months

BRIEF-Zix Acquires Seattle-Based Erado

April 3 (Reuters) - Zix Corp:

* BASED ERADO TO EXPAND ITS UNIFIED ARCHIVING, EDISCOVERY AND COMPLIANCE SOLUTIONS

* FOR FULL YEAR 2018, ZIX EXPECTS SUBSCRIPTION REVENUE FROM ACQUISITION TO CONTRIBUTE APPROXIMATELY $1.5 MILLION​

* FOR 2018, EXPECTS OPERATING CASH FLOW TO BE NEUTRAL , EXPECTS NET INCOME TO DECREASE ABOUT $1.0 MILLION FROM DEAL​ Source text for Eikon: Further company coverage:

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