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Mimecast Announces Acquisition Of Elevate Security, Strengthens Commitment To Managing Human Risk

Jan 04, 2024over 1 year ago

Acquiring Company

Mimecast

Acquired Company

Elevate Security

LondonSan FranciscoSecurityComputer and Network Security

Description

Mimecast Limited (Mimecast), an advanced email and collaboration security company, today announced its acquisition of Elevate Security, a provider of human risk management solutions. The acquisition strengthens Mimecast’s offerings by providing proactive insights and deeper visibility into human behaviors and risk, helping customers better protect the digital workplace. Financial terms of the deal were not disclosed.

Company Information

Company

Mimecast

Location

London, England, United Kingdom

About

Mimecast is a leading cybersecurity company transforming the way businesses manage and secure human risk. Its AI-powered, API-enabled connected human risk platform is purpose-built to protect organizations from the spectrum of cyber threats. Integrating cutting-edge technology with human-centric pathways, our platform enhances visibility and provides strategic insight.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed