Mimecast (MIME) to Acquire Substantially All of Security Provider iSheriff

November 23, 2016 8:36 AM EST
Get Alerts MIME Hot Sheet
Trade MIME Now!
Join SI Premium – FREE

Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

Mimecast Limited (Nasdaq: MIME) announced it was purchasing substantially all of the assets of iSheriff, a leading cloud-based security provider. This acquisition will provide Mimecast customers additional real-time email threat intelligence and detection expertise and complements Mimecast’s existing portfolio of email security, continuity and archiving solutions.

Email continues to be mission-critical for organizations and the number one attack vector for cybercriminals. These new technologies will further enhance Mimecast’s market leading detection capabilities, safeguarding customers against threats.

“Organizations that have legacy security capabilities focused on just prevention are likely to fail,” said Peter Bauer, CEO and founder of Mimecast. “Just years ago organizations argued not to move to the cloud because of security issues. Now organizations are moving to the cloud to get advanced threat detection and intelligence. This added expertise in threat detection and intelligence strengthens Mimecast’s cloud services to help customers bolster their cyber resilience efforts.”

With this acquisition, there is no change to Mimecast’s Q3 and FY 2017 guidance provided on November 9, 2016.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Management Comments, Mergers and Acquisitions

Related Entities

Twitter, Definitive Agreement

Add Your Comment