Mimecast Acquires Cloud Migration Firm Simply Migrate
Mimecast, a company that focuses on email security, acquired Simply Migrate (a cloud migration specialist) for an undisclosed sum on January 29, 2019. The purpose is to allow Mimecast customers to more easily migrate legacy email archives to Mimecast’s modern cloud system.
The advantages of cloud are clear and accepted. Moving the cost from a capital expenditure to an operational expenditure that must be repeated whenever an on-premise archive grows beyond capacity is just one. Gaining the security and support expertise of specialists is another.
“Legacy archiving systems are outdated and unable to handle growth and ever-changing demands of a modern enterprise. Many organizations struggle with the ballooning email storage volumes alongside other unstructured data types, coupled with the cost and management burdens of storing it on-premises,” said Peter Bauer, chief executive officer at Mimecast.
The increasing demands of compliance — demanding security and improved visibility — and e-discovery for legal reasons and data subject access, often strain the capabilities of legacy on-premise archives.
But the cost, complexities and pain of the migration itself has often been an obstacle. ìWith the acquisition of Simply Migrate, customers can reap the benefits of the Mimecast Cloud Archive,” continued Bauer. “The technology Simply Migrate offers is engineered to provide end-to-end migration into the Mimecast Cloud Archive, helping to cut costs and operational complexity while achieving a superior result with more flexible access to data, case management, supervision and more.”
Mimecast was founded in 2003 by Neil Murray and Peter Bauer. It is based in London, UK, with U.S. offices in Boston, Chicago, Dallas and San Francisco. The acquisition of Simply Migrate is the third acquisition since July 2018, following the earlier acquisition of Isheriff in 2016.
It trades on Nasdaq as ‘MIME’. Shares currently stand at just under $35, after an IPO of $10 in 2015, and a market capitalization of just over $2 billion at the time of publishing.