- Mimecast acquires AI-driven collaboration security platform Aware.
- Aware specializes in identifying risks in unstructured data from tools like Slack and Microsoft Teams.
- The platform enhances data loss prevention, compliance, and human risk management.
- Aware’s AI capabilities will be integrated into Mimecast’s security and compliance offerings.
- This acquisition is Mimecast’s third this year, following the purchases of Elevate Security Inc. and Code42 Software Inc.
Main AI News:
Mimecast Ltd., a leader in email security, has acquired Aware, an AI-powered collaboration security platform, for an undisclosed sum. Founded in 2017 as Nullable Inc., Aware specializes in identifying risks within unstructured data across collaboration tools like Slack and Microsoft Teams. The platform addresses data loss prevention, compliance enhancement, and human risk management, recognizing the limitations of current collaboration tools in meeting modern business needs.
Aware’s technology provides a unified view of collaboration platforms, enabling companies to navigate legal and compliance challenges while mitigating insider threats. The platform also uses natural language processing to generate insights into employee sentiment, helping businesses foster more empathetic and productive workplace environments.
Mimecast plans to integrate Aware’s AI capabilities to enhance its security and compliance offerings, including advanced impersonation detection and improved archiving across various digital channels. CEO Marc van Zadelhoff highlighted the growing vulnerabilities in modern communication systems, emphasizing the need for advanced tools like Aware’s to address these risks.
Before the acquisition, Aware had raised $76.9 million in funding, with significant investment from Goldman Sachs Growth Equity LP and others. This marks Mimecast’s third acquisition this year, following its Elevate Security Inc. and Code42 Software Inc purchases.
Conclusion:Â
Mimecast’s acquisition of Aware signals a strategic expansion in its AI-driven security and compliance capabilities, particularly within the increasingly critical space of workplace collaboration tools. This move not only strengthens Mimecast’s competitive edge by broadening its security offerings but also addresses the growing market need for advanced protection against the complex risks associated with modern communication platforms. As collaboration tools become more integral to business operations, the demand for robust security solutions is set to rise, positioning companies like Mimecast at the forefront of market leadership in cybersecurity.
