Zix Corp Added to Watch List: Secure E-Mail Solution for Corporate Customers
Zix Corporation, formerly known as ZixIt, has gained attention for its secure e-mail software and services aimed at corporate customers. The company's ZixMail system enables users to transmit encrypted e-mail and documents to any address worldwide, with recipients who are not service subscribers able to access messages through the ZixMail.net portal. Notable clients include Aon Corporation, Blue Cross-Blue Shield of Arizona, BASF, DuPont, ConocoPhillips, and Universal Health Services. Following an announcement of a contract for a 500-physician e-prescribing program, shares rose 14%.
Key Takeaways:
- Zix Corp offers secure e-mail software and services for corporate customers, leveraging the ZixMail system for encrypted transmissions.
- The company's client roster includes prominent organizations such as Aon Corporation, Blue Cross-Blue Shield of Arizona, and BASF.
- Zix Corp has secured a contract for a 500-physician e-prescribing program, with a potential for increased transaction fees due to the program's self-perpetuating expansion model.
- The new contract splits the 500-physician program evenly between ZixCorp and another vendor, with recurring transaction fees generating revenue.
- Zix Corp's e-prescribing program stands to benefit from participation from multiple payors, potentially increasing the total dollar value of script fees.
Statistics:
- 500 - Number of physicians participating in the new e-prescribing program.
- 14% - Increase in shares after announcing the contract for the 500-physician e-prescribing program.
- $1 - Per-qualified e-script transaction fee, with the majority going to ZixCorp to cover on-going annual prescriber licenses and other costs.
- Unknown - Total dollar value of script fees, contingent on participation from multiple payors.
Sources:
- M2 COMMUNICATIONS LTD RDATE: 27122006
- bellwetherreport.com
- Hoovers.com
- Yahoo.com
- Associated Press
- Marketwire.com
- Businesswire.com