January 4, 2024 at 01:06PM
Mimecast has acquired Elevate Security, a startup specializing in user-education technology. The acquisition aims to enhance Mimecast’s Awareness Training product line with Elevate Security’s risk scoring algorithm and incident triage technology. Financial details were not disclosed. Mimecast plans to support Elevate Security’s existing customer base. Elevate Security, founded six years ago, raised $18.3 million in venture capital and counted Cisco and CrowdStrike among its investors.
Key takeaways from the meeting notes:
– Mimecast has announced the acquisition of Elevate Security, a venture-backed startup specializing in user education and awareness training technology.
– The financial terms of the acquisition were not disclosed.
– Elevate Security, founded by Masha Sedova and Robert Fly, has raised $18.3 million in venture capital financing, with investments from companies such as Cisco and CrowdStrike.
– Elevate Security’s core technology focuses on analyzing human behavior and context data to identify high-risk individuals using a risk scoring algorithm. This software is designed to help businesses understand, categorize, motivate, and measure behavior change, as well as enforce policies and governance reviews based on individual risk.
– The acquisition aims to integrate Elevate Security’s technology into Mimecast’s existing Awareness Training product line, enhancing the quality of the offering.
– Mimecast plans to continue supporting Elevate Security’s current customer base.
Let me know if you need further information or a summary of any part of the meeting notes.