Mimecast, a global Human Risk Management (HRM) platform, has announced its acquisition of Code42, a prominent name in insider threat management and data loss prevention. Founded in 2001 and headquartered in Minneapolis, Minnesota, Code42 has been instrumental in shaping the insider risk management category. Its solutions are FEDRAMP-authorized and can be configured for compliance with GDPR, HIPAA, PCI, and other frameworks.
Financial terms of the deal have not been disclosed. However, this strategic move signifies Mimecast’s commitment to transforming how organizations handle human-centered security risks.
Marc van Zadelhoff, Chief Executive Officer of Mimecast, highlighted the importance of this acquisition, stating, “Mimecast’s platform stands out in our crowded industry by focusing specifically on the critical moment of risk—a person opening their laptop. 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.”
Enhancing Cloud-Native Security Capabilities
Code42 is renowned for its cloud-native insider threat management and data loss prevention capabilities. These tools help businesses protect critical data from exposure, loss, leak, and theft while speeding up incident response times. With this acquisition, businesses will gain comprehensive visibility and strategic insight across an expanding attack surface, enhancing their ability to manage and mitigate security threats.
Joe Payne, President & CEO of Code42, emphasized the importance of employee collaboration in modern organizations. “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 aligns with Mimecast’s strong strategy to address human risk. Recently, the company unveiled its connected HRM platform and Mimecast Engage™ human risk awareness and training offering. These initiatives stemmed from the integration of Elevate Security technology, which Mimecast acquired in December 2023.
Mimecast will continue to support Code42’s existing customer base, and Code42’s Incydr™ product is now available to Mimecast customers, with plans to integrate these capabilities into the Mimecast platform over the coming months.
The sale was facilitated by Piper Sandler & Co., who advised Code42.
Mimecast Unified Approach to Cyber Threats
Mimecast’s AI-powered, API-enabled connected HRM platform is designed to protect organizations from a wide range of cyber threats. The platform enhances visibility and provides strategic insights that enable decisive actions, helping businesses protect their collaborative environments, safeguard critical data, and engage employees in reducing risk and boosting productivity.
The integration of Code42’s capabilities into Mimecast’s HRM platform is expected to offer enhanced protection against insider threats and data loss. This collaboration aims to create a more secure and efficient digital environment for organizations, safeguarding their data while maintaining a collaborative culture among employees.
By acquiring Code42, Mimecast is taking a significant step towards consolidating its position as a leader in human risk management, offering comprehensive solutions to address both insider and external threats. This acquisition not only enhances company’s product offerings but also reinforces its commitment to helping businesses navigate the complexities of the modern threat landscape with advanced, integrated security solutions.