Mimecast, the cloud-based email management to protect our sensitive information.
Mimecast is a publicly-traded company in the IT sector specializing in cybersecurity, information security, and email and file archiving. Peter Bauer and Neil Murray founded the company in 2003 and currently, Peteris is serving as the CEO of the company while Neil is in the position of CTO. The headquarters of the company is based in London, England. Though Mimecast offers a wide range of products to its customers, it mainly specializes in cloud-based email management for Microsoft Exchange and Microsoft Email 365. Mimecast became a public company in November 2015.
About Mimecast
The main goal of Mimecast is to eradicate the risks that we face daily on your email system. It also helps in reducing the cost that is required to protect our sensitive information by moving the workload to the cloud. In a single subscription-based model, Mimecast provides comprehensive email security along with archiving and service continuity.
Currently, Mimecast has 12 offices in several continents. It has more than 40,600 customers on a worldwide basis and approximately 1,700 employees to make better products and offer consistent service. The major investors of the company are Index Ventures, Dawn Capital, and Insight Venture Partners. Recently, the company has hired a new Public Sector and Channel Director to strengthen its operation in South Africa.
History of the Company
Both Peter Bauer and Neil Murray came from an experienced and entrepreneurial background. They previously founded FAB Technology and Pro-Solutions respectively. Before founding Mimecast, Peter was trained as a Microsoft systems engineer and gained experience working with corporate messaging systems. The company designed the MIME protocol for formatting multimedia e-mail. Nathaniel Borenstein was the chief scientist behind the design of this protocol. After the company was founded in 2003, it expanded overseas establishing offices in London, Boston, Chicago, San Francisco, Dallas, Munich, Israel, and many more.
The idea behind founding Mimecast was quite simple as the product was developed to make it easy for users to embrace email. In October 2015, the company filed for its IPO and the next month it started trading on the Nasdaq Global Select Market. In the past few years, Mimecast has acquired several companies starting with Ataata, a startup specializing in cybersecurity. In 2018, the company acquired another cybersecurity firm called Solebit. It acquired a company called DMARC Analyzer in 2019 and last year it acquired Segasec.
Business Strategies
In an interview, Peter Bauer said that the M&A strategies of the company are mainly focused on advanced technologies and new talents. They mainly target buying start-ups that can provide the company with new opportunities and capabilities. It is more like harnessing the power of any new technology and giving it a proper shape using the funds of Mimecast. The company didn’t acquire any businesses for the first fourteen years, instead, they chose to build an organic platform with strong architecture. Mimecast plans for months before acquiring so that they understand the workflow of the organization well and if their technology can bring new capabilities for its customers.
Peter Bauer – Co-Founder and CEO
The CEO and co-founder of Mimecast, Peter Bauer is also a Board Member of the company. He has significant contributions to Mimecast’s SaaS strategy. He along with Neil Murray has developed the pure cloud delivery mechanism for an easy and secured user experience. Peter originally belongs from South Africa and during the 1990s he was trained as a Microsoft system engineer. He moved to the UK from South Africa where he founded Mimecast.
In 2011, he moved to Boston to help in expanding the operations of Mimecast to South Africa. In an interview, he mentioned that though their potential plans got delayed due to the crisis of COVID-19, the employees improved their communications significantly during work from home. And, it helped in uplifting the working environment of the company.
Annasha Dey is an NIT student, who apart from studying engineering is also a content writer. She has a great interest in photography, writing, reading novels, and travelling as well. She is a foodie who loves socializing and hanging out with her friends. She is also a trained Kathak dancer and a big fashion enthusiast. Dey also loves watching TV series, which includes F.R.I.E.N.D.S. and Big Bang Theory. To be a better writer she prefers to read more