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 Ratings3.5

Latest Updates

Employees (est.) (Mar 2020)1,800(+20%)
Job Openings27
Revenue (FY, 2019)$340.4 M(+30%)
Share Price (Oct 2020)$44.7 (-2%)
Cybersecurity ratingAMore

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
Alex Bender

Alex Bender

Senior Vice President, Global Marketing
Karen Anderson

Karen Anderson

Chief Human Resources Officer
Rafe Brown

Rafe Brown

Chief Financial Officer
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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
383 George St
München, DE
Kistlerhofstraße 172
München, DE
Lyonel-Feininger-Straße 26
Tel Aviv-Yafo, IL
Derech Menachem Begin 154
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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 (19-Oct-2020)

2.9b

Closing stock price (19-Oct-2020)

44.7

Cash (30-Sept-2019)

191.2m

EV

2.9b
Mimecast's current market capitalization is $2.9 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
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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 Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

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 Online and Social Media Presence

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Mimecast News and Updates

Mimecast Announces Second Integration with Rapid7

Mimecast API Integration with Rapid7® InsightIDR SIEM Solution is Engineered to Improve Threat Detection and Response Mimecast API Integration with Rapid7® InsightIDR SIEM Solution is Engineered to Improve Threat Detection and Response

Mimecast Recognized as a Cybersecurity Awareness Month Champion

Commits to Educating Organizations about the Need for Stronger Cyber Resilience Commits to Educating Organizations about the Need for Stronger Cyber Resilience

Mimecast Announces Integration with Theta Lake

Mimecast Cloud Archive for Theta Lake streamlines governance archive of communications and productivity apps in the remote working era Mimecast Cloud Archive for Theta Lake streamlines governance archive of communications and productivity apps in the remote working era

Mimecast Limited Announces 2020 Annual General Meeting To Be Held In Camera

LEXINGTON, Mass. and LONDON, Sept. 28, 2020 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ: MIME) (the “Company”), a leading email and data security company, today announced that, in light of public health and safety precautions related to the global COVID-19 pandemic, and in order to ensure complia…

Mimecast Receives FedRAMP Ready Designation

FedRAMP ‘Ready’ Status Demonstrates Mimecast’s Commitment to Serving Federal Agencies FedRAMP ‘Ready’ Status Demonstrates Mimecast’s Commitment to Serving Federal Agencies

Mimecast Recognized as Leader in Data Archive, Email Backup, Security Awareness Training and Email Security Gateway

Recognition Highlights How an Integrated Approach to Security Helps Organizations Improve Cyber Resilience Recognition Highlights How an Integrated Approach to Security Helps Organizations Improve Cyber Resilience
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Mimecast Blogs

It’s Marketing’s Job to Keep Brand-Loyal Customers Safe Online

Marketers' brand safety strategies should expand to embrace online brand impersonation in collaboration with corporate cybersecurity teams. Key Points: Online brand impersonation is rampant, and cybercriminals regularly trick brand-loyal customers i…

How To Make Cybersecurity Awareness Training Stick

October is National Cybersecurity Awareness Month – a time to evaluate, refresh or kickstart a program to help employees adhere to their organization’s security policies. National Cybersecurity Awareness Month (NCSAM) is a joint effort b…

Ransomware Wave Crashing U.S. Systems

A tidal wave of ransomware attacks is inundating the U.S., exploiting a lack of cyber resilience at many of the country’s bedrock institutions. Key Points: A ransomware strike has crippled UHS, an $11.4 billion Pennsylvania-based health system…

Focus on Canada: Data Privacy Policy Poised for Change

New data privacy laws are coming in Canada. Businesses have lots of suggestions, but the debate will take months to reach an outcome. Key Points: Canada’s federal government and provinces are developing new data privacy laws. Changes are in st…

Latest Microsoft 365 disruption highlights hidden complexity of cloud continuity planning

Global outage affects Microsoft 365 service availability, hampering productivity and communications for organizations around the world. Cloud-based Microsoft applications, including Teams, Office and Outlook, were struck by a worldwide disruption on …

Moving E-discovery to the Cloud

As the volume of digital documentation continues to grow, law firms are struggling to move their archives to the cloud. Key Points The growth in e-discovery has left law firms with terabytes of digital documents that must be preserved. Legal firms i…
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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 Cyren, Cofense and KnowBe4.

  • 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.