Zix Corporation (NASDAQ:ZIXI), which happens to be one of the most trusted providers of email security has lately made the much awaited for announcement. In this particular regard, it got to appoint Bhavin Merchant as the new Vice President of Corporate Development.
The other announcement was about the expansion of Nigel Johnson’s role with the top provider and with immediate effect the top official was to kick-start the role of serving in the capacity of Chief Technology Officer (CTO).
Sources indicate that indeed merchant will be spearheading Zix’s strategic growth initiatives, and of course that will move ahead to cover the evaluation as well as the execution of top acquisitions and partnerships as well.
The company’s board of directors has confidence in the fact that indeed Johnson would go far and wide to enable the company uphold its voice as well as its solid leadership in the market, at a time when the customers’ needs are evolving and the landscape changes taking effect pretty fast.
As matters stand at this particular moment, Merchant joins Zix boasting of over 20 years of experience in technology investment banking and will be narrowing focus on the enterprise software and security providers.
From the records, the top executive in the course of his career managed to actually complete over 50 transactions, which totaled to about $5 billion for both public and private technology providers.
The other thing was about his great dedication and in numerous instances he got to give remarkable tips in regards to strategy, capital raising, business development and merger and acquisitions and it thus goes without saying that he is indeed a force to reckon with.
While making his remarks, the Chief Executive Officer at Zix, Dave Wagner said, “Bhavin was instrumental in sourcing and executing the acquisition of Greenview Data. havin’s background and experience offer the management team a valuable perspective, and he will be a driving force as we continue to implement our growth strategy.”
The merchant was of the school of thought that the IT security market was indeed a dynamic one and was filled with constant innovation as well as a wide array of the top technical solutions capable of actually safeguarding their most valuable assets.
From a speculative point of view, the company seems to be making all the right moves, but we just have to wait and see whatever the future unveils.
