By a News Reporter-Staff News Editor at Information Technology Newsweekly -- Zix Corporation (ZixCorp), (Nasdaq: ZIXI), a leader in email data protection, announced that its board of directors approved a share repurchase program that enables the company to purchase up to $10 million of its shares of common stock from time to time in the open market. The amount and timing of specific repurchases are subject to market conditions, applicable legal requirements and other factors. The share purchases will be funded from cash from operations and may be suspended or discontinued at any time. The share repurchase program is scheduled to expire on March 31, 2015.
"Our confidence in our business and our strong cash generation enables us to execute another share repurchase program," said Rick Spurr, ZixCorp's Chairman and Chief Executive Officer. "We can launch this stock buyback and still have sufficient cash to continue to invest in our business." 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.
Keywords for this news article include: Zix Corporation, Information Technology, Information and Data Protection.
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