August 14, 2024 at 03:17PM
Mimecast, a global Human Risk Management platform, has acquired Aware, an AI collaboration security platform. This acquisition aims to enhance Mimecast’s capabilities in managing human-centered security risks, especially in workplace collaboration tools. Aware’s AI models are designed to identify risks and improve compliance, complementing Mimecast’s existing investments in AI. Customers can expect to see new technology embedded into Mimecast products in the coming quarters.
Based on the meeting notes, here are the key takeaways:
1. Mimecast, a global Human Risk Management (HRM) platform, has announced the acquisition of Aware, a leading AI collaboration security platform.
2. The acquisition is aimed at revolutionizing how organizations manage and mitigate human-centered security risks, as highlighted by Mimecast’s CEO, Marc van Zadelhoff.
3. This move aligns with the emerging focus on Human Risk Management (HRM) and the recognition of the risks associated with human behavior in cybersecurity.
4. Aware’s purpose-built platform, designed to identify and mitigate risks within workplace collaboration tools using AI models, will strengthen Mimecast’s existing investments in AI for security and compliance.
5. The acquisition will enable Mimecast to expand its HRM platform capabilities and address security threats in workplace collaboration as human risk factors increase.
6. Both companies view AI as a crucial element in understanding the nuanced human element of threats and believe it can provide real-time insider threat detection at scale.
7. Mimecast is expected to integrate some of the new technology from Aware into its products in the coming quarters, enhancing its offerings for customers.
8. The sale of Aware to Mimecast was advised by Guggenheim Partners, LLC, and Mimecast will continue to maintain and support Aware’s existing customer base.
These takeaways provide a comprehensive understanding of the strategic significance of the acquisition and the potential impact it will have on Mimecast’s capabilities in addressing human-centered security risks in workplace collaboration.