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Mimecast Limited (NASDAQ: MIME) has been recognized as a 2021 SoftwareReviews Champion for its Email Security and Cloud Archive solutions. These products scored high in customer satisfaction and were rated as the most recommended solutions in their categories. Key findings include a +96 Net Promoter Score for Cloud Archive and an +87 Net Promoter Score for Email Security, with 100% of clients planning to renew their Cloud Archive software. This recognition underscores Mimecast’s commitment to delivering high-value customer experiences through robust services and strong vendor relationships.
Mimecast Limited (NASDAQ: MIME) announces its integration with Secureworks Taegis XDR to enhance cyber resilience for MSP and enterprise customers. This partnership combines email security data with threat intelligence from cloud and network sources, improving detection and response against cyber threats. The integration aims to streamline investigations and reduce response times, crucial in light of the FBI's report of $1.85 billion in email compromise losses in 2020. Mimecast emphasizes the importance of email security in protecting organizational data.
Mimecast (NASDAQ: MIME) announced its integration with Secureworks (NASDAQ: SCWX) Taegis XDR, enhancing email security and cyber resilience. This collaboration provides actionable insights and a unified console for threat detection and response. With email compromise causing $1.85 billion in losses in 2020, the integration aims to offer a comprehensive view of threats by correlating email data with other security sources. Recent Mimecast research indicates 70% of organizations anticipate harm from email-borne attacks, highlighting the importance of this integration for improving security.
Mimecast Limited (NASDAQ: MIME) has announced a definitive agreement for its acquisition by Permira, a private equity firm, for $80.00 per share in an all-cash transaction valued at approximately $5.8 billion. The deal represents a premium of around 16% over the company's closing stock price before media reports of the acquisition. A 30-day 'go-shop' period allows for alternative bids, but there is no assurance any will materialize. Completion of the transaction is expected in the first half of 2022, pending shareholder and regulatory approval.
Mimecast Limited (NASDAQ: MIME), a leading email and data security company, announced that Rafe Brown, Chief Financial Officer, will present at the Credit Suisse 25th Annual Technology Conference on November 30, 2021, at 12:45 PM MST. The event can be accessed via a live webcast, which will also be available for 90 days afterward in the Investor Relations section of Mimecast's website. This conference marks an important opportunity for investors to gain insights into the company's strategies and performance in cyber resilience.
Mimecast Limited (NASDAQ: MIME) reported strong financial results for Q2 2022, achieving total revenue of $147.2 million, a 20% increase year-over-year on a GAAP basis. Average order value per customer rose to $15,000, marking a 15% growth. The company maintained a net revenue retention rate of 106% and generated GAAP operating cash flow of $43.1 million. Net income was reported at $17.6 million, or $0.26 per diluted share. Looking ahead, Mimecast projects Q3 revenue between $149.2 million and $150.7 million, with a fiscal 2022 revenue forecast of $589.9 million to $593.6 million.
Mimecast Limited (NASDAQ: MIME) announced it will release its financial results for Q2 FY2022 on November 2, 2021, before the market opens. A conference call for investors and analysts will take place the same day at 8:00 am EDT, accessible via phone and live webcast. This report will help shareholders assess the company's performance and outlook in the evolving cyber resilience sector.
Mimecast Limited (NASDAQ: MIME) announced the resignation of Chief Revenue Officer Dino DiMarino, effective early October, to pursue other opportunities. Joe Mercurio has been appointed as Interim Chief Revenue Officer starting October 5, 2021. Mimecast has initiated a search for DiMarino's permanent successor with Daversa Partners. CEO Peter Bauer acknowledged DiMarino's contributions over five years, emphasizing the need for a strong market leader to help achieve the company's goal of $1 billion in revenue. Mercurio has been with Mimecast for over four years, previously serving in various sales leadership roles.
