Mimecast Beefs Up Human Risk Management with Code42 Acquisition

Email security provider Mimecast has acquired Code42 to enhance its human risk management capabilities.

Code42 provides cloud-native insider threat management and data loss prevention. Mimecast previously acquired Elevate Security, which gave it new human risk management capabilities.

Mimecast didn’t disclose financial details of its Code42 acquisition. It said this acquisition marks a critical step in its strategy to “revolutionize how organizations manage and mitigate human-centered security risks.”

Increased Human Risk Management

Stan de Boisset, Mimecast's senior vice president of worldwide partners, said this acquisition builds on the existing technology partnership between Code42 and Mimecast.

“Code42 enables customers to enhance their visibility into human risk by expanding our portfolio to include insider threat management and data loss prevention,” he said. “These new capabilities will diversify Mimecast offerings and selling opportunity by expanding into new data protection markets, opening up a new multibillion-dollar total addressable market (TAM). We are confident that fully integrating Code42’s offerings into the Mimecast platform will create a unique opportunity to better serve our customers and partners, while taking a stronger, differentiated approach in the competitive cybersecurity market.”

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Code42 allows companies to guard their data from exposure, loss, leak and theft, and respond faster to incidents. This acquisition will enable businesses to gain visibility and strategic insight across the expanding attack surface, according to Mimecast.

Mimecast's Stan de Boisset

"For our partners, the integration of Code42 into Mimecast’s human risk management platform will enable broader, faster and smarter threat detection and response capabilities, helping end users better understand and mitigate human risk within their organizations," de Boisset said.

Mimecast said it will continue to maintain and support the existing Code42 customer base. Code42's Incydr product is now available for sale to Mimecast customers and these capabilities will be integrated into the Mimecast platform over the coming months. 

Code42's Joe Payne

“Employee collaboration is at the heart of successful organizations today,” said Joe Payne, Code42’s president and CEO. “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.”

Related:Mimecast Gets Human Risk Management with Elevate Security Acquisition

With the completion of the acquisition, Mimecast will begin to review in detail Code42 partner offerings and benefits, de Boisset said. Over time, Code42’s partner program will integrate into the Mimecast Partner ONE program.