Mimecast’s top executives and directors could earn as much as a combined $456.9 million in stock, options, and severance payments in the proposed acquisition by Permira goes through.
Private equity powerhouse Permira has agreed to purchase Mimecast for US$5.8 billion, making it the third pure-play email security provider to be acquir.
Private equity powerhouse Permira has agreed to purchase Mimecast for $5.8 billion, making it the third pureplay email security provider to be acquired this year.
Mimecast is probing a possible sale and top email security rival Proofpoint is expected to emerge as a potential buyer after getting acquired themselves this year.
SolarWinds Notches 87 Percent Customer Renewal Rate Despite Hack
‘We are seeing engagement with our federal customers. We are having to work probably a little bit harder with that base, but we are renewing that customer base as well,’ says SolarWinds CFO Barton Kalsu. By Michael Novinson April 29, 2021, 01:42 PM EDT
Eighty-seven percent of SolarWinds customers renewed maintenance contracts with the company in the first quarter of 2021 despite a massive cyberattack that compromised many high-profile customers.
The Austin-based IT infrastructure management vendor had as recently as February been expecting renewal rates in the low-to-mid 80 percent range for all of 2021, well below the company’s historical renewal rates of more than 90 percent. But after hearing about the company’s security investments, the vast majority of SolarWinds customers have opted for renewal, including those in the federal space.