Permira-backed Mimecast has acquired cybersecurity firm Code42, according to PE Hub. This strategic move aims to bolster Mimecast's cybersecurity offerings, enhancing its capabilities in protecting organizations from data breaches and insider threats.

Mimecast, known for its email and data security services, will integrate Code42's advanced threat detection and response solutions. This acquisition aligns with Mimecast's strategy to expand its product portfolio and address the growing cybersecurity needs of its clients.

Permira, a global private equity firm, supports Mimecast in this acquisition. The firm has a history of investing in technology companies, and this deal underscores its commitment to strengthening its portfolio in the cybersecurity sector.

The financial terms of the deal were not disclosed. However, the acquisition is expected to provide significant growth opportunities for both Mimecast and Code42, leveraging their combined expertise and resources.

This acquisition highlights the increasing importance of cybersecurity in the digital age. As cyber threats become more sophisticated, companies like Mimecast and Code42 play a crucial role in safeguarding sensitive information and maintaining business continuity.

Overall, the deal is a strategic fit for Mimecast, enhancing its ability to offer comprehensive cybersecurity solutions. It also reflects Permira's ongoing investment strategy in high-growth technology sectors.