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Mimecast Limited (NASDAQ: MIME) has launched Mimecast® Email Security for Azure Sentinel, integrating with Microsoft Azure Marketplace. This solution enhances email security by logging email activity in real time and providing visibility to security teams through Azure Sentinel’s Log Analytics workspace. The partnership aims to improve incident identification and response times for businesses. Mimecast's chief strategy officer emphasized the need for integrated solutions to combat increasingly sophisticated email threats. Azure Marketplace offers a trusted platform for deploying Mimecast’s security solutions globally.
Mimecast Limited (NASDAQ: MIME) announced the launch of SAFE Phish, a new tool enabling organizations to conduct live phishing simulations for training purposes. This innovative capability allows security teams to use real-life, de-weaponized phishing campaigns to better prepare employees against cyber threats. Results will feed into the Mimecast SAFE Score dashboard, providing an overall risk assessment at both individual and organizational levels. The SAFE Phish tool is expected to be available in Q2 FY 2021.
Mimecast Limited (NASDAQ: MIME) launched the Threat Intelligence Report: Black Hat U.S.A Edition 2020, detailing the rise of cyber attacks, particularly during the COVID-19 pandemic. Key findings indicate a surge in phishing and malware campaigns, highlighting industries like manufacturing and finance as primary targets. The report analyzed 195 billion emails processed from January to June 2020, revealing a 24% increase in impersonation attacks. Mimecast's goal is to enhance organizational resilience against evolving cyber threats.
Mimecast Limited (NASDAQ: MIME) reported strong first quarter results for FY2021, with revenue of $115.2 million, a 16% year-over-year increase. In constant currency, revenue growth was 21%. The company added 600 net new customers, bringing the total to 38,600. The revenue retention rate stood at 106%. GAAP net income was $3.1 million, or $0.05 per diluted share, compared to a net loss of $4.0 million a year ago. For FY2021, Mimecast expects revenue between $488.1 million and $493.1 million.
Mimecast (NASDAQ: MIME) has acquired eTorch Inc. (d/b/a MessageControl), a provider of messaging security solutions, enhancing its Email Security 3.0 strategy. This acquisition aims to bolster protection against social engineering and identity attacks using advanced machine learning technology. Key features include detection of anomalous behaviors, real-time warnings, and prevention of misaddressed emails. The financial impact is not expected to materially affect Fiscal 2021 revenues or adjusted EBITDA. The deal reflects Mimecast's commitment to improving cybersecurity for users of platforms like Microsoft 365.
Mimecast Limited (NASDAQ: MIME) has appointed Klaus Seidl as Vice President for the DACH region, focusing on growth in Germany, Austria, and Switzerland. Seidl brings over 30 years of IT experience and a strong background in business development, having held leadership roles at various tech companies. His previous position was VP of Sales for EMEA at Loom Systems. This strategic hiring aligns with Mimecast's ongoing investment in the region and aims to enhance customer success and expand the company's market presence.
Mimecast Limited (NASDAQ: MIME) has announced it will release its financial results for Q1 2021 on August 3, 2020, after the market closes. A conference call to discuss these results will take place at 4:30 PM EDT on the same day, with access numbers for U.S. and Canada at (844) 402-0879 and for international participants at +1 (478) 219-0767, using conference ID 6549588. An audio replay will be available shortly after the call, and the webcast will be accessible on the investor relations section of Mimecast’s website.
Mimecast (NASDAQ: MIME) will host its annual Cyber Resilience Summit on June 23-24, 2020. This virtual event aims to unite IT and security professionals to enhance cyber resilience amidst challenges highlighted by the COVID-19 pandemic.
Keynote speakers include notable figures such as Steve Wozniak and Mimecast CEO Peter Bauer. The summit will offer nearly 30 educational sessions focusing on email security and integrated security controls.
For more information, visit Cyber Resilience Summit.
Mimecast Limited (NASDAQ: MIME) announced that CEO Peter Bauer and CFO Rafe Brown will present at the 42nd NASDAQ Investor Conference on June 16, 2020, at 8:00 AM EST. The presentation will be hosted by Jefferies Security Analyst Brent Thill. Investors can access a live webcast of the presentation here. The presentation will be available for 90 days post-event in the Investor Relations section of the company’s website.
Mimecast Limited (NASDAQ: MIME) announced that CEO Peter Bauer and CFO Rafe Brown will present at the 42nd NASDAQ Investor Conference, hosted by Jefferies, on June 16, 2020, at 8:00 AM EST. Investors can access a live webcast of the event here. The presentation will be available for 90 days post-event on the Company's Investor Relations webpage.
