M&A Deal Summary

Mimecast Acquires Aware

On August 14, 2024, Mimecast acquired information technology company Aware from Spring Mountain Capital

Acquisition Highlights
  • This is Mimecast’s 5th transaction in the Information Technology sector.
  • This is Mimecast’s 7th transaction in the United States.
  • This is Mimecast’s 1st transaction in Ohio.

M&A Deal Summary
Date 2024-08-14
Target Aware
Sector Information Technology
Buyer(s) Mimecast
Sellers(s) Spring Mountain Capital
Deal Type Add-on Acquisition

Target

Aware

Columbus, Ohio, United States
Aware delivers AI-infused governance, compliance and monitoring for enterprise organizations deploying today’s leading collaboration and messaging platforms, including Slack, Microsoft Teams, Yammer and Workplace from Facebook. Aware’s comprehensive platform solves common challenges that legal, compliance, information security and IT departments face when rolling out collaboration, including archiving, monitoring, organization insights, DLP, eDiscovery, retention and legal holds. Aware is based in Columbus, Ohio.

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Buyer(S) 1

Buyer

Mimecast

London, United Kingdom
Category Company
Founded 2003
Sector Information Technology
Employees1,765
Revenue 501M USD (2021)
DESCRIPTION

Mimecast is an email and data security company. Mimecast makes business email and data safer for 21,800 customers by continuously investing to thoughtfully integrate brand protection, security awareness training, web security, compliance, and other essential capabilities. Mimecast was founded in 2003 and is based in London, the United Kingdom.

DEAL STATS #
Overall 7 of 7
Sector (Information Technology) 5 of 5
Type (Add-on Acquisition) 7 of 7
State (Ohio) 1 of 1
Country (United States) 7 of 7
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-24 Code42

Minneapolis, Minnesota, United States

Code42 is a provider of software as a service (SaaS) endpoint data protection and security solutions to enterprises. Native to the cloud, Code42® Incydr™ data protection is engineered to rapidly detect data exposure, loss, leak, and theft and speeds incident response – all without lengthy deployments, complex policy management, or disrupting employee productivity. Code42 was formed in 2001 and is based in Minneapolis, Minnesota.

Buy -

Seller(S) 1

SELLER

Spring Mountain Capital

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Spring Mountain Capital is a growth capital firm focused on providing expansion capital to tech-enabled companies across North America. The Firm looks to invest in earlier stage companies ($2 to $10 million of revenue) with high growth rates, proven products/services, and a path to profitability. Spring Mountain generally looks to commit $5 to $15 million per transaction. Spring Mountain Capital was formed in 2001 and is based in New York City.

DEAL STATS #
Overall 19 of 20
Sector (Information Technology) 4 of 4
Type (Add-on Acquisition) 17 of 18
State (Ohio) 1 of 1
Country (United States) 19 of 20
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 Everwash

Philadelphia, Pennsylvania, United States

EverWash is a car wash membership and subscription management with more than 750 participating locations that provide ongoing sales, marketing, and customer support to partner washes. Everwash is based in Philadelphia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-04 Splash

New York, New York, United States

Splash is an event marketing technology company that helps businesses market, measure, and scale their event marketing programs. Splash is based in New York City.

Sell -
Mergr

Product

Company

Legal