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ARCHIVE 2005
CyberGuard announces acquisition of Zix Corporation's
Anti-spam, Anti-virus and URL Filtering Assets
Deal Expands Base of Content Security Customers in U.S. and Canada;
Transaction Should be Accretive to Earnings
BOCA RATON, Fla., March 14, 2005 /PRNewswire-FirstCall via COMTEX/
-- CyberGuard(R) Corporation (Nasdaq: CGFW), a global provider
of security solutions that protect the business-critical information
assets of Global 2000 enterprises and government organizations,
today announced the acquisition of Zix Corporation's (Nasdaq:
ZIXI) anti-spam, anti-virus and URL filtering assets for $3.6
million in cash. The transaction, approved by the boards of directors
of the two companies, transfers rights associated with the Web
Inspector(R) and Message Inspector(R) business to CyberGuard Corporation.
According to Pat Clawson, chairman and chief executive officer
of CyberGuard, "With the addition of ZixCorp's Web Inspector
and Message Inspector products, which will be integrated into
our Webwasher business, we are strengthening our presence in content
security and extending a strong European base into the U.S. and
Canada with 1,600 new enterprise customers. This will increase
our share of the content security market, a key strategic objective."
He added, "The acquisition should be accretive to earnings
beginning in the quarter starting April 1, 2005. We will discuss
the integration plan, synergies and earnings contribution in our
next investor conference call."
Dr. Horst Joepen, CyberGuard's senior vice president of strategic
alliances and general manager of the Webwasher subsidiary, commented,
"This acquisition will provide us with excellent cross-selling
opportunities, as we anticipate that a large number of WebInspector
and MessageInspector enterprise customers will realize the benefits
of our world-class Webwasher content security product suite, as
well as our leading firewall solutions."
About CyberGuard Corporation
CyberGuard Corporation (Nasdaq: CGFW) delivers a suite of integrated
information security solutions to provide Global 2000 enterprises
and government organizations with the confidence that their critical
information assets are protected. Based on the company's Total
Stream Protection framework and managed via its Global Command
Center, CyberGuard's products go beyond network-level security
to provide protection against the most dangerous application-layer
vulnerabilities and avoid potential damage, securing the entire
data stream. With a growing and satisfied number of brand-name
customers, CyberGuard has deployed more than 250,000 products
across the globe. Headquartered near Boca Raton, Fl., the company
has offices and training centers around the world. For more information
visit http://www.CyberGuard.com.
Forward-Looking Statement
Statements regarding estimates, expectations and future prospects
contained in this press release are forward-looking statements.
These statements are based upon assumptions and analyses made
by the Company in light of current conditions, future developments,
and other factors the Company believes are appropriate in the
circumstances, or information obtained from third parties, and
are subject to a number of assumptions, risks and uncertainties.
Readers are cautioned that forward-looking statements are not
guarantees and that actual results might differ materially from
those suggested in the forward-looking statements. Some of the
factors that might cause future actual events to differ from those
predicted or assumed include: future advances in technologies
and computer security; the Company's history of losses; the Company's
ability to execute on its business plans and to integrate recent
acquisitions; the Company's dependence on outside parties such
as its key customers and alliance partners; competition from major
computer hardware, software, and networking companies; uncertainties
in availability of expansion capital in the future and other risks
associated with capital markets; overall network security spending;
global economic conditions; and litigation against the Company.
For a more complete discussion regarding forward-looking statements,
the reader is referred to the Company's periodic reports filed
with the Securities and Exchange Commission under the Securities
Exchange Act of 1934, including the Form 10-K for the fiscal year
ended June 30, 2004, and other information filed with the Commission.
CyberGuard(R) and Webwasher(R) are registered trademarks and
Total Stream Protection(TM) and Global Command Center(TM) are
trademarks of CyberGuard Corporation. All other trademarks are
property of their respective owners.
SOURCE CyberGuard Corporation
Sally L. Beerbower of Qorvis Communications, +1-703-744-7800,
or sally@qorvis.com,
for CyberGuard Corporation
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