OverviewSuggest Edit

Mimecast is a company developing email security and archiving cloud solutions. It offers a SaaS Cyber Resilience Platform aimed at protecting organizations from cyberattacks, human errors, and technical failures, and enabling them to implement a comprehensive cyber resilience strategy. The company serves healthcare, manufacturing, information technology, construction, financial services, legal, and public sector markets.

TypePublic
Founded2003
HQLondon, GB
Websitemimecast.com
Employee Ratings3.7
Overall CultureA+

Latest Updates

Employees (est.) (Mar 2020)1,800(+20%)
Revenue (FY, 2019)$340.4 M(+30%)
Share Price (Feb 2021)$42.9 (-1%)
Cybersecurity ratingCMore

Key People/Management at Mimecast

Peter Bauer

Peter Bauer

Co-Founder, CEO, Director
Robert Nault

Robert Nault

Senior Vice President and General Counsel
Nathaniel Borenstein

Nathaniel Borenstein

Chief Scientist
Karen Anderson

Karen Anderson

Chief Human Resources Officer
Rafe Brown

Rafe Brown

Chief Financial Officer
John Walsh

John Walsh

Senior Vice President, Engineering and Technical Operations
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Mimecast Office Locations

Mimecast has offices in London, Chicago, Irving, Lexington and in 10 other locations
London, GB (HQ)
1 Finsbury Ave
Melbourne, AU
Level 3 55 Southbank Boulevard
Sydney, AU
Level 8/88 Phillip St
München, DE
Kistlerhofstraße 172
München, DE
Lyonel-Feininger-Straße 26
Tel Aviv-Yafo, IL
Derech Menachem Begin 154
Show all (15)

Mimecast Financials and Metrics

Mimecast Revenue

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View revenue for all periods
Mimecast's revenue was reported to be $340.38 m in FY, 2019 which is a 30% increase from the previous period.
USD

Revenue (Q2, 2020)

103.4m

Gross profit (Q2, 2020)

77.2m

Gross profit margin (Q2, 2020), %

74.7%

Net income (Q2, 2020)

(921.0k)

EBIT (Q2, 2020)

(18.0k)

Market capitalization (26-Feb-2021)

2.8b

Closing stock price (26-Feb-2021)

42.9

Cash (30-Sept-2019)

191.2m

EV

2.8b
Mimecast's current market capitalization is $2.8 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

141.8m186.6m261.9m340.4m

Revenue growth, %

32%40%30%

Cost of goods sold

41.8m50.3m69.7m90.9m

Gross profit

100.0m136.2m192.2m249.5m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

78.4m82.2m87.6m99.2m103.4m

Cost of goods sold

21.0m21.9m23.3m25.5m26.1m

Gross profit

57.4m60.2m64.4m73.8m77.2m

Gross profit Margin, %

73%73%73%74%75%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

106.1m51.3m78.3m137.6m

Accounts Receivable

33.7m44.4m65.4m81.0m

Prepaid Expenses

7.4m10.1m15.3m25.9m

Current Assets

147.2m166.1m217.9m288.5m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

107.5m118.9m135.7m174.8m191.2m

Accounts Receivable

56.7m60.0m64.6m68.5m70.2m

Prepaid Expenses

13.3m12.3m14.0m15.6m17.9m

Current Assets

225.0m222.9m242.3m289.8m296.8m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(3.2m)(5.4m)(12.4m)(7.0m)

Depreciation and Amortization

10.5m11.9m19.0m36.7m

Accounts Payable

(542.0k)758.0k(104.0k)2.1m

Cash From Operating Activities

24.6m32.5m46.4m66.2m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

(3.5m)(5.5m)(5.1m)(4.0m)(4.9m)

Depreciation and Amortization

6.9m(14.3m)22.0m9.7m15.0m

Accounts Payable

108.0k3.0m2.5m(808.0k)2.1m

Cash From Operating Activities

16.6m29.1m47.9m(4.7m)46.2m
USDFY, 2016

Revenue/Employee

237.0k

Debt/Equity

0.1 x

Financial Leverage

2.2 x
Show all financial metrics

Mimecast Operating Metrics

Mimecast's Customers was reported to be 36.1 k in Q2, 2020.
FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020

Customers

18 k26.40 k30.40 k31.30 k32.20 k33.30 k34.40 k35.30 k36.10 k

Net Customer Additions

1.80 k1.90 k1.90 k3.10 k1.50 k900 900 1.10 k1.20 k900 900 1 k1.10 k900 800

Retention Rate

109%110%111%112%111%111%111%111%110%110%110%110%111%111%110%

Patents (US)

3 8 12 12 14 14 15 15 15
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Mimecast Acquisitions / Subsidiaries

Company NameDateDeal Size
SegasecJanuary 07, 2020
DMARC AnalyzerNovember 14, 2019
Simply MigrateJanuary 29, 2019
SolebitJuly 31, 2018$100 m
AtaataJuly 11, 2018
isheriffNovember 23, 2016
Mimecast Australia Pty Ltd.
Mimecast Development Ltd.
Mimecast Germany GmbH
Mimecast Israel Ltd.
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Mimecast Revenue Breakdown

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Mimecast revenue breakdown by geographic segment: 13.6% from South Africa , 30.5% from UK, 49.7% from US and 6.1% from Other

Mimecast Cybersecurity Score

Cybersecurity ratingPremium dataset

C

78/100

SecurityScorecard logo

Mimecast Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Mimecast Online and Social Media Presence

Embed Graph

Mimecast Company Culture

  • Overall Culture

    A+

    87/100

  • CEO Rating

    A+

    90/100

  • Compensation

    A

    83/100

Learn more on Comparably

Mimecast News and Updates

Mimecast to Present at the Morgan Stanley Technology, Media and Telecom Conference

LEXINGTON, Mass., Feb. 23, 2021 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ: MIME), a leading security and cyber resilience company, today announced Peter Bauer, Mimecast Chief Executive Officer and Rafe Brown, Mimecast Chief Financial Officer, will present at the Morgan Stanley Technology, Media…

The Mimecast Ecosystem Now Offers Over 60 Cybersecurity and Compliance Integrations

Designed to Reduce Complexity, Minimize Risk and Improve Threat Detection and Response through Integrations with CrowdStrike, IBM Security, Netskope, Palo Alto Networks, Rapid7, ServiceNow, Splunk and more Designed to Reduce Complexity, Minimize Risk and Improve Threat Detection and Response through…

Mimecast to Present at the Goldman Sachs Virtual Technology and Internet Conference 2021

LEXINGTON, Mass., Feb. 10, 2021 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ: MIME), a leading security and cyber resilience company, today announced Peter Bauer, Mimecast Chief Executive Officer and Rafe Brown, Mimecast Chief Financial Officer, will present at the Goldman Sachs Virtual Technology…

Mimecast Announces Third Quarter 2021 Financial Results

LEXINGTON, Mass., Feb. 03, 2021 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ: MIME), a leading email and data security company, today announced financial results for the third fiscal quarter ended December 31, 2020.

Hackers hijacked email security firm Mimecast to spy on customers

Email security provider Mimecast said on Tuesday that hackers had hijacked its products in order to spy on its customers.

Hackers compromise Mimecast certificate used to connect to Microsoft 365

A security certificate issued by Mimecast Services Ltd. used to authenticate some of the company’s products with Microsoft Corp. 365 Exchange Web Services has been hacked. The certificate, issued to some Mimecast customers to authenticate Mimecast Sync and Recover, Continuity Monitor and IEP produc…
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Mimecast Blogs

A Podcast About Risk, Reward and Ridiculousness: Welcome to Phishy Business

Learn Why Difference (and Mints) are Cybersecurity Strengths in Our First Episode  We all know a business’ cybersecurity is only as strong as its people. And that’s where Jenny Radcliffe comes in. Known as the People Hacker, Jenny is…

The Boring Life of Cybercriminals

Researchers see dissatisfaction in the lower ranks of cybercrime enterprises. Law enforcement could take advantage of it to stem cyberattacks. Key Points: The dramatic evolution of cybercrime from rogue to industrial-scale cyberattacks has employed …

Q&A: Protecting Data Privacy and Security as the Number of Digital Identities Surge

Digital identity technologies including blockchain and biometrics are pieces of a bigger puzzle that empowers users to be in more control of their data. Key Points: Security and privacy practices can be more efficient when people have increased cont…

False Positives Continue to Dog Cybersecurity Industry

False positive security alerts will keep draining cybersecurity team resources and performance until automation is fully implemented and tightly integrated. Key Points: In the midst of an “alert overload,” cybersecurity professionals fac…

POPIA 101: The Basics of South Africa’s New Data Privacy Act

POPIA is changing the way South African organisations handle personal data. Here’s what you need to know. Key Points: POPIA became effective July 1, 2020, and South African organisations have until June 30, 2021 to become compliant. The regula…

What Is an Email Blocklist? How to Check and Get Yourself Removed

Email blocklists are intended to thwart spam. But legitimate email marketers can find themselves blocked if they’re not careful. What to do? Key Points: Email blocklists provide a valuable service in blocking spam and malware. But legitimate e…
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Mimecast Frequently Asked Questions

  • When was Mimecast founded?

    Mimecast was founded in 2003.

  • Who are Mimecast key executives?

    Mimecast's key executives are Peter Bauer, Robert Nault and Nathaniel Borenstein.

  • How many employees does Mimecast have?

    Mimecast has 1,800 employees.

  • What is Mimecast revenue?

    Latest Mimecast annual revenue is $340.4 m.

  • What is Mimecast revenue per employee?

    Latest Mimecast revenue per employee is $189.1 k.

  • Who are Mimecast competitors?

    Competitors of Mimecast include Global Relay, Cyren and Cofense.

  • Where is Mimecast headquarters?

    Mimecast headquarters is located at 1 Finsbury Ave, London.

  • Where are Mimecast offices?

    Mimecast has offices in London, Chicago, Irving, Lexington and in 10 other locations.

  • How many offices does Mimecast have?

    Mimecast has 15 offices.