Mimecast Announces Acquisition of Code42, Expands Human Risk Management Platform with Visibility into Insider Threats
24 Julio 2024 - 8:00AM
Mimecast, a leading global Human Risk Management (HRM) platform,
announced today the acquisition of Code42, a leader in insider
threat management and data loss prevention. Expanding on the
success of their existing technology partnership, this acquisition
marks a critical step in Mimecast’s strategy to revolutionize how
organizations manage and mitigate human-centered security
risks. The financial terms of the deal were not disclosed.
“Mimecast’s platform stands out in our crowded industry by
focusing specifically on the critical moment of risk—a person
opening their laptop,” said Mimecast Chief Executive Officer, Marc
van Zadelhoff, “Unlike fragmented point solutions, Mimecast
provides a connected approach that is engineered to offer complete
visibility and strategic insight across customers’ ecosystems,
enabling intervention that helps them prevent costly incidents
caused by insider risk and data exfiltration. Integrating leading
solutions like Code42 broadens and deepens our proven security and
human risk management capabilities.”
Code42 provides market-leading insider threat management and
data loss prevention capabilities native to the cloud, enabling
companies to seamlessly protect critical data from exposure, loss,
leak and theft, while accelerating incident response times. This
acquisition will enable businesses to gain comprehensive visibility
and strategic insight across the expanding attack surface.
“Employee collaboration is at the heart of successful
organizations today,” said Joe Payne, President & CEO of
Code42. “Protecting organizations from data exfiltration requires
enhanced visibility into risky user activities across email,
collaboration platforms, web, cloud, and more. By joining forces
with Mimecast, we can help customers quickly detect and respond to
threats across their expansive digital environments.”
This acquisition reinforces Mimecast’s tenacious strategy to
solve for human risk through a recently unveiled connected HRM
platform, and Mimecast Engage™ human risk awareness & training
offering – the result of the integration of Elevate Security
technology, acquired in December 2023. Mimecast will continue to
maintain and support the existing Code42 customer base. Code42's
Incydr™ product is now available for sale to Mimecast customers and
these capabilities will be integrated into the Mimecast platform
over the coming months.
Code42 was advised in its sale to Mimecast by Piper Sandler
& Co.
About MimecastMimecast is a leading AI-powered,
API-enabled connected Human Risk Management platform, purpose-built
to protect organizations from the spectrum of cyber threats.
Integrating cutting-edge technology with human-centric pathways,
our platform enhances visibility and provides strategic
insight that enables decisive action and empowers
businesses to protect their collaborative environments,
safeguard their critical data and actively engage employees in
reducing risk and enhancing productivity. More than 42,000
businesses worldwide trust Mimecast to help them keep ahead of the
ever-evolving threat landscape. From insider risk to external
threats, with Mimecast customers get more. More visibility. More
insight. More agility. More security.
About Code42
Code42 is a leader in insider threat management and data loss
prevention. Native to the cloud, Code42® Incydr™ data protection is
engineered to rapidly detect data exposure, loss, leak, and theft
and speeds incident response – all without lengthy deployments,
complex policy management, or disrupting employee productivity. The
solution is designed to offer a complete range of response
solutions, including automated microlearning modules for accidental
non-malicious risk, case management for efficient investigation
collaboration, and automated blocking for the highest risk use
cases. Code42’s IRM Program Launchpad helps organizations get up
and running quickly to ensure success and return on investment.
With Code42, security professionals can protect corporate data
and reduce data loss from insiders while fostering an open and
collaborative culture for employees. Innovative organizations,
including the fastest-growing security companies, rely on Code42 to
safeguard their ideas. Code42’s data protection solution is
FEDRAMP-authorized and can be configured for GDPR, HIPAA, PCI, and
other compliance frameworks. Founded in 2001, the company is
headquartered in Minneapolis, Minnesota. Code42 has played a
defining role in developing a vision and requirements for the IRM
category and is a founding member of the Insider Risk
Community.
Mimecast. Mimecast Engage and the Mimecast logo are registered
trademarks or trademarks of Mimecast Services Limited in the United
States and/or other countries. Code42 and Incydr are trademarks or
registered trademarks of Code42 Software, Inc. in the United States
and other countries. All other third-party trademarks and logos
contained in this press release are the property of their
respective owners.
Press Contacts
Tim HamiltonPrincipal Public Relations Manager +1
603-918-6757thamilton@mimecast.com
General inquiries press@mimecast.com