August 1, 2018

Mimecast announces USD 88 million acquisition of cyber security firm Solebit

The acquisition seeks to bolster Mimecast’s security portfolio with the addition of a quick and accurate cyber-threat detection software.

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Email and data security company Mimecast have acquired cybersecurity software provider Solebit in a USD 88 million all-cash deal. With this acquisition, Mimecast will be boosting their security portfolio with a quick and accurate software product that is computationally efficient and has a different approach to mitigating cyber-risks.

According to Mimecast, enterprises are aware of the looming threats in the cyber world and are continuously looking for different tactics to mitigate them. They say that, of all the tactics used, sandboxing is something that has always worked as a strategy when it comes to putting cyber risks at bay.

However, industry experts opine that sandboxing as a tactic has its own cons and depending on this practice puts hosting environments at risk since it increases complexities and bug-related issues. This, experts claim, ends up compromising the sole purpose of protecting the hosting environment only to leave it exposed and vulnerable to attacks.

In order to counter this issue, Mimecast has acquired Solebit to take a different route to solve issues related to cybersecurity. They claim that with this new approach, enterprises will be able to scan content in real-time and detect malicious codes within active content as well as data files.

Peter Bauer, CEO at Mimecast, commented:

Security methods like signature-based antivirus and sandbox detonation are too limited when it comes to today’s most advanced threats. It’s time for a more capable, efficient and durable approach.

We’re excited to welcome Solebit into the Mimecast family, as it helps us to offer customers a new approach that fundamentally improves their cybersecurity and resilience efficacy in the most efficient way on the market.

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