Search
Homepage Rankings and Research Companies Channelcast Marketing Matters CRNtv Events Acronis #CyberFit Summit 2021 Avaya Newsroom Experiences That Matter Cisco Partner Summit Digital 2020 Intel Partner Connect 2021

10 Things To Know About The $5.8B Permira-Mimecast Deal

Here’s a look at how Mimecast can leverage Permira’s deep pockets to its advantage, the possibility of another buyer coming in with a superior bid, and why email security vendors have made such appealing acquisition targets.

1   2   3   ... 11 Next

Another Email Security Vendor Sold

Mimecast will potentially walk away from the public market more than a half-decade after its initial public offering following the $5.8 billion purchase offer from private equity firm Permira. The Lexington, Mass.-based email security powerhouse would be the first cybersecurity vendor owned solely by Permira, coming just a month after the private equity firm joined others to buy McAfee for $14 billion.

“We have long admired Mimecast, its management team and its talented employees,” Permira Partners Michail Zekkos and Ryan Lanpher said in a statement. “Email is the leading vector for cyberattacks, and phishing and impersonation attempts are continuously evolving. This means there has never been more urgency or need for organizations to protect their critical data and infrastructure.”

Permira’s acquisition of Mimecast is expected to close in the first half of 2022, and Mimecast declined to make executives available for additional comment. Here’s a look at how Mimecast can leverage Permira’s deep pockets to its advantage, the possibility of another buyer coming in with a superior bid for Mimecast, and why email security vendors have made such appealing acquisition targets this year.

 
 
1   2   3   ... 11 Next

sponsored resources