Mimecast Explores Options Including Sale, Investment: WSJ

October 28, 2021 6:12 AM | 1 min read |

Email-security software maker Mimecast Ltd MIME is working with bankers to consider options including a sale or taking a significant investment, the Wall Street Journal reports.
Mimecast manufactures cloud-based software that protects business email from cyber threats and data leaks. The company primarily sells to midsize businesses.
An interested contender Proofpoint Inc, that buyout firm Thoma Bravo LP took private in August in a $12 billion deal, makes similar software and focuses on selling to larger businesses than Mimecast does.
Price Action: MIME shares closed lower by 2.31% at $68.94 on Wednesday.

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