DALLAS, Oct. 16, 2007 (PRIME NEWSWIRE) -- Zix Corporation (ZixCorp(r)), (Nasdaq:ZIXI), the leader in email encryption and e-prescribing services, has been named to Deloitte's prestigious Technology Fast 50 Program for Texas, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in Texas by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2002-2006. This year's Texas Technology Fast 50 program is co-presented by Deloitte & Touche USA LLP, CresaPartners, Gardere Wynne Sewell LLP, HumCap, NASDAQ and America's 401(k).
ZixCorp's CEO Rick Spurr credits the company's 998 percent revenue growth from 2002-2006 to industry leadership driven by innovative approaches to the market. Spurr said, "ZixCorp maintains leadership in two high-growth markets. Our revolutionary hosted e-prescribing technology is delivering documented cost savings and safety improvements within our eight payor-sponsored programs, including four of the top five heath insurance companies in the country. Our unique Email Encryption Service features a network-based, shared directory. This ZixDirectory, with over 9 million protected email addresses growing at a rate of 65,000 per week is highly scalable and makes encryption easy-to-use and simple to manage. In addition to the top line growth being recognized here, we have improved bottom-line financial results as well. Throughout 2007, ZixCorp has continued to perform ahead of plan with respect to our net cash consumption. We remain on track to attain our goal of achieving positive cash flow in the first quarter of 2008."
"Sustaining high revenue growth over five years is an exceptional accomplishment. We commend ZixCorp for making the commitment to technology and delivering on the promise of market longevity. We are proud to name ZixCorp to Deloitte's Technology Fast 50," said Skip Moore, Deloitte & Touche LLP, managing partner, Technology, Media & Telecommunications.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Companies from the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
About Zix Corporation
ZixCorp is the leading provider of easy-to-use-and-deploy email encryption and e-prescribing services that connect entities with their customers and partners to protect and deliver sensitive information in the healthcare, finance, insurance and government industries. ZixCorp's hosted Email Encryption Service provides an easy and cost-effective way to ensure customer privacy and regulatory compliance for corporate email. Its PocketScript(r) e-prescribing service saves lives and saves money by automating the prescription process between payors, doctors and pharmacies. For more information, visit www.zixcorp.com.
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