M&A Deal Summary

Mimecast Acquires Solebit

On July 31, 2018, Mimecast acquired information technology company Solebit for 88M USD

Acquisition Highlights
  • This is Mimecast’s 2nd transaction in the Information Technology sector.
  • This is Mimecast’s largest (disclosed) transaction.
  • This is Mimecast’s 3rd transaction in the United States.
  • This is Mimecast’s 2nd transaction in California.

M&A Deal Summary
Date 2018-07-31
Target Solebit
Sector Information Technology
Buyer(s) Mimecast
Deal Type Add-on Acquisition
Deal Value 88M USD

Target

Solebit

San Francisco, California, United States
Solebit, Inc. is a security software developer. Solebit provides accurate and cost-effective approach for the identification and prevention of zero-day malware and unknown threats. Solebit, Inc. was founded in 2014 and is based in San Francisco, California.

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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 3 of 7
Sector (Information Technology) 2 of 5
Type (Add-on Acquisition) 3 of 7
State (California) 2 of 3
Country (United States) 3 of 7
Year (2018) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-10 Ataata

Bethesda, Maryland, United States

Ataata, Inc. is a cyber security training and awareness platform designed to reduce human error in the workplace and help enable organizations to become more secure by changing the security culture of their employees. Ataata, Inc. was founded in 2016 and is based in Bethesda, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-30 MessageControl

Chicago, Illinois, United States

MessageControl is a messaging security provider with solutions designed to help stop social engineering and human identity attacks with the use of machine learning technology.

Buy -
Mergr

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