BankInfoSecurity: Peter Bauer on Charting Mimecast's New Course Under Permira

Most M&A deals are predicated on how quickly the acquisition can show a return on investment, but Permira's $5.8 billion acquisition of Mimecast has allowed the email security vendor to make investments in products and technology that don't provide an immediate financial return.

A number of financial buyers expressed interest in taking Mimecast private following Thoma Bravo's 2021 purchase of Proofpoint, and co-founder and CEO Peter Bauer is glad the company ended up with Permira given the organization's brainpower and collaboration on various initiatives. With Permira's backing, Mimecast rolled out the X1 Platform to turn the data the company ingests into security intelligence for customers (see: Black Hat: Web3 Defense, Open-Source Intel & Directory Hacks).