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Mimecast Closes Strongest Expansion Year on Record

LEXINGTON, Mass., May 07, 2024 (GLOBE NEWSWIRE) -- Mimecast, a global cybersecurity company, capped a year of robust growth with the largest new and expansion revenue gains in the company's history.  Customers are responding positively to Mimecast's strong product innovation and acquisition strategy. For example, the recently launched Cloud Integrated Email Security solution, designed to protect Microsoft 365 via robust API integration, has already onboarded customers in every global operating region. More than half of those customers have come through valued Managed Service Provider (MSP) partners. Additionally, the company has seen growth with its awareness training platform, and rapid adoption of its DMARC solution, which saw a 38% increase year-over-year. Mimecast's AI-powered platform is engineered to mitigate risk and manage complexities across the shifting threat landscape for more than 42,000 global customers, protecting 26 million end users, an end user increase of 15% year over year. In Q4, the platform analyzed 1.5 billion emails per day and executed 2.7 million archive queries per week. In January 2024 alone, Mimecast-protected systems blocked 250 million attacks, an all-time high for one month. Fueling its evolution into the next fiscal year, the company appointed Chris Wey as Chief Transformation Officer, capitalizing on the momentum to catalyze market expansion and portfolio growth. He brings more than 25 years of experience in enterprise software and cybersecurity, with proven success in driving operational excellence, championing innovation, and leading both organic ...