Mimecast Limited is a provider of cloud security and risk management services for corporate information and e-mail. The Company’s suite of cloud services protects customers from the business and data security risks. It also mitigates the business disruption that e-mail failure or downtime causes. In addition, its archiving services secure, store and manage critical corporate communications and information to address the compliance and e-discovery requirements.
Mimecast began in my dining room in 2003 after meeting Peter Bauer, a young 28 year old, who was educated at my old school in South Africa. He had an outstanding idea as per the above and I backed him financially, networked my contacts proactively to secure business and was Chairman for the first 6 years. Indeed, the first Christmas party took place in my home.
The company floated on the Nasdaq in May 2016 and now has a valuation of $1.8 billion and 950 employees – 400 of them working in the UK.