Mimecast, founded in 2003 in the UK by Peter Bauer and Neil Murray, both originating from South Africa, now boasts a global user base of around 2 500 customers. The company has just recently secured R158 million worth of funding. The company is said to use these funds to increase its research and development and to build on its market presence.
Founded in the UK in 2003 by Peter Bauer (CEO) and Neil Murray (CTO),
Mimecast’s cloud based platform extends the capabilities of in-house email
systems by incorporating bottomless storage, archiving, eDiscovery,
spam/virus protection and continuous availability.
By removing the need for several different in-house solutions and extending the life and value of
existing Microsoft Exchange and Microsoft Outlook platforms, Mimecast
minimises risk and complexity to provide end-to-end control of email at a
significantly reduced cost. Consequently, Mimecast’s business has proved
robust during the recession, the company having experienced triple digit
revenue growth in each of the last 3 financial years.
Mimecast supports a global base approaching 2,500 customers across a number
of industries including financial services, legal, manufacturing and the
public sector and has offices in Europe, North America, Africa, the Middle
East and the Channel Islands.
Mimecast CEO and co-founder, Peter Bauer, said: ‚The global economic
downturn has brought the savings we deliver to our customers into sharp
focus. SaaS has become mainstream and our proven ability to deliver a
reliable service with very short implementation cycles puts Mimecast in an
ideal position to help thousands more companies realise the benefits that
cloud computing can bring. This new funding will help us build market
Index Ventures partner, Bernard Dalle, who will be joining the Mimecast
board, said: ‚Thousands of customers have chosen to move away from a
cocktail of on-premise software applications for Mimecast’s unique
integrated service platform. We have been very impressed by the company’s
market traction, continued growth rate and the dedication of the team.”
Norman Fiore, partner at Dawn Capital and an existing board member of
Mimecast, commented: ‚As a midsize fund, it became clear over time that
Mimecast’s dramatic growth would require us to look externally to fully
exploit the market opportunity. We are particularly delighted to welcome
Index Ventures whose strong track record in helping European companies
succeed in the US makes them the ideal growth partner for Mimecast’s
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