Wonder

MimeCast Analysis

Delivered November 13, 2019. Contributor: Stephanie B.

Goals

To obtain a comprehensive overview of Mimecast which will ultimately illuminate details on the company's revenue sources, why their costs are so high, how they have grown so much, how their product is so unique, and any reasons for their success and high valuation.

Early Findings

MimeCast General Company StatisticsOffers a 'proprietary cloud architecture to offer comprehensive email security, service continuity and archiving in a single subscription service.'
 Founded in 2003 by Peter Bauer and Neil Murray
 12 office locations in North America, Europe, United Kingdom, Africa and Australia.
More than 34,400 customers in more than 100 countries.
Mimecast has $361.2 million in estimated revenue annually. 
 1,400+ employees worldwide
 296 billion emails under management.
SOC 2 Type II / ISAE 3000, HIPAA / HITECH Security Compliance Assessment Completed, ISO 27001 / 18 (Global Scope), ISO 22301 (Global Scope), ISO 27018 (Global Scope), and SEC17a-4 Attestation
Named Ascent Winner by the GlobalTrend Awards
Platinum MarCom Award
Finalist in the OMMA Awards 
Won Gartner Peer Insight’s Customer Choice Distinction
Award of Excellence from The Videographer Awards
 Platinum dotCOMM Award 
Mimecast has 7,788 monthly app downloads. The most popular apps downloaded are Mimecast Mobile, Mimecast Mobile for BlackBerry, and Mimecast Mobile for BlackBerry.
Mimecast is ranked 6,295 among websites globally based on its 8,166,320 monthly web visitors.
MimeCast Financial Data Traded on the NASDAQ — symbol MIME 
 Valuation Data: Valuation at IPO — $540 million; Money Raised at IPO — $77.5 million, IPO Share Price — $10.00; IPO Date — Nov 19, 2015
$90.2 million raised in five funding rounds.
Some of the lead investors included ATL Partners, Dawn Capital, and Insight Partners.
Four acquisitions have been completed: Simply Migrate, Solebit, Ataata, and isheriff.

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