Mimecast secures USD62 million investment from Insight Venture Partners

INDUSTRY

|
Image: Peter Bauer. By Mimecast
Peter Bauer

Cloud email archiving, security and continuity firm Mimecast has announced that it has secured $62.15 million in Series C funding led by global private equity firm, Insight Venture Partners, with existing investors Dawn Capital also participating. Mimecast plans to use the funding to accelerate the development and deployment of new technology, and to support plans for rapid expansion in the US market.  

Founded in the UK in 2003 by Peter Bauer (CEO) and Neil Murray (CTO), Mimecast has grown rapidly, with over 50 percent year on year revenue growth recorded in six of the past nine years. Today, the company has over 6,000 customers globally and over 1.5 million users worldwide.

In South Africa, the operation has continued to grow its market leadership in Cloud email security, netting 31.2% of the market share according to the bi-annual BackChannel Hosted Email Security Report, released in July 2012.

In addition to growing its existing business within the European, American and South African markets, Mimecast intends to use the investment to drive innovations in corporate email. The company’s technology has already played an instrumental role in changing the way businesses deploy email; leading the transition from fragmented LAN-based infrastructures to a single platform cloud solution, Unified Email Management (UEM). Mimecast will now focus on continuing this evolution, using its Software-as-a-Service technology to create an Information Banking platform that allows businesses to unlock the inherent value stored within corporate email.

 

 



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE INDUSTRY NEWS

iWayAfrica Zimbabwe achieves Cisco Certified Partner Status

iWayAfrica Zimbabwe, a Gondwana International Network (GIN) company has been awarded its Cisco Select Certified Partner status.  Read More

GSMA case study: Nomanini enables rapid, reliable prepaid retail in informal markets

A new case study from GSMA has highlighted the Nomanini mobile point of sale terminal and cloud-based distribution platform. Read More

Citrix, Google enhance enterprise security and management of Android devices

XenMobile Supports Android for Work; Extends Citrix Leadership in Secure Mobile Workspace Solutions for the Broadest Array of Devices. Read More

Make life easier for your customers with recurring payments

Merchants should implement recurring payments within their businesses to improve their own cash flow and reduce costs, but automatic billing can also help build customer loyalty through the added convenience. Read More

Accelya Solution to help Air Namibia to manage costs and profitability

Air Namibia expands relationship with Accelya; selects cost management and flight profitability solutions. Read More

Wipro Invests R3.8 million in skills development, job creation in SA

Wipro Ltd, a leading global information technology, consulting and business process services company, has announced an investment of R3.8 million towards skills development and job creation in South Africa.  Read More

Airtel Niger selects Ericsson for 3G network deployment

Airtel, Niger’s leading mobile service provider has named Ericsson as their exclusive 3G HSPA end-to-end hardware, software and related service vendor in Niger Republic.  Read More

Orange Mali upgrades WiMAX infrastructure

Orange Mali recently selected Alepo to enhance its WiMAX core infrastructure via Alepo’s high-performance AAA infrastructure. Read More

CommVault, Crayon partner to bring data management software to EMEA cloud service providers

CommVault has announced that its data management platform would be available via EMEA cloud hosting partners through a new  strategic aggregator partnership with Crayon, a global leader in service provider licensing, management and consultancy.  Read More

Printronix announces partnership with Talk Technology

Printronix, a leading manufacturer of line printing solutions has signed an African distribution partnership for Africa with IT distributor Talk Technology. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

2bn priced out of internet access2bn priced out of internet access

A new report from the Alliance for Affordable Internet shows that the price of broadband remains prohibitive for billions in developing and emerging countries, with women and rural dwellers hardest hit.

IN DEPTH

Villagers get solar training at Barefoot College Villagers get solar training at Barefoot College

The Botswana Human Resource Development Council (HRDC) has seconded seven semi-illiterate mostly Ngwatle villagers for a six month solar electrification training course at the famed Barefoot College in India.