Mimecast Buys Email Security Firm DMARC Analyzer To Block Spoofing
Buying Netherlands-based DMARC Analyzer is expected to help Mimecast customers address threats at the email perimeter, inside the email network, and beyond their immediate purview
Mimecast has purchased small vendor DMARC Analyzer to reduce the time, effort and cost associated with stopping domain spoofing attacks.
The Lexington, Mass.-based email security vendor said its acquisition of Hilversum, Netherlands-based DMARC Analyzer will help customers address threats at the email perimeter, inside the email network, and beyond their immediate purview. DMARC Analyzer offers user-friendly Domain-based Message Authentication, Reporting and Conformance (DMARC) setup, management and analysis, Mimecast said.
“DMARC adoption is growing as more organizations look to ensure their email is authenticated,” Mimecast CEO Peter Bauer said in a statement. “With the power of Mimecast’s Cyber Resilience platform, we now have the brand and domain protection capabilities so we can better service our customers beyond the perimeter.”
[Related: New Mimecast Channel Chief Kurt Mills Plans To Pursue Enterprise Customers]
Terms of the deal weren’t disclosed, and Mimecast didn’t immediately respond to a request for additional comment. The transaction isn’t expected to have a material financial impact on Mimecast’s revenue or adjusted EBITDA (earnings before interest, taxation, depreciation and amortization) for its fiscal third quarter or full-year 2020, the company said.
DMARC Analyzer was founded in 2012, employs 17 people, and hasn’t raised any outside equity, according to LinkedIn and CrunchBase. Mimecast’s stock is down 15 cents, or 0.33 percent, to $43.31 in pre-market trading Thursday.
“Mimecast’s global footprint will help DMARC Analyzer to achieve our mission and simplify DMARC deployment,” DMARC Analyzer CEO Dirk Jan Koekkoek said in a statement. “This will help us leverage threat intelligence to better protect our customers against phishing and spoofing attacks.”
DMARC Analyzer is expected to provide Mimecast customers with stronger visibility, governance and brand protection across all email channels, the company said. The efficient implementation of DMARC Analyzer coupled with hunting and acting against impersonation-based threats will help customers safeguard their brands from domains that defraud customers and partners.
The addition of DMARC Analyzer is expected to strengthen Mimecast’s Email Security 3.0 approach, which the company said delivers comprehensive email security protection at the perimeter, inside the perimeter and beyond the perimeter.
Although DMARC technology can help organizations protect against the brand damage caused by phishing or spoofing attacks, Mimecast said its research found that only one-third of respondents have been using DMARC technology. Impersonation and spoofing are growing at a much faster rate than standard malware, according to Mimecast.
“Research has shown that impersonation attacks targeting employees, customers, suppliers and partners are all on the rise—and they can affect organizations large and small,” Bauer said in a statement. “These types of attacks are tricky as they often bypass traditional security solutions and are not easily identifiable to the untrained eye.”
DMARC Analyzer is used by 25,000 businesses in more than 175 countries, including The Home Depot, Whirlpool, Westfield, Reader’s Digest and Gordon Food Service, according to the company’s website. DMARC Analyzer partners with an array of other technology companies to integrate with their own platforms, allowing the partners to offer DMARC reporting in a very user-friendly way with low costs.
This is Mimecast's fifth acquisition since being founded 16 years ago, according to CrunchBase. The company kicked things off in November 2016 with its purchase of Costa Mesa, Calif.-based email and internet security provider iSheriff.
Then in July 2018, Mimecast announced two acquisitions, buying Bethesda, Md.-based cybersecurity training startup Ataata to help customers mitigate risk and reduce employee security errors, as well as security software developer Solebit for $88 million to boost its protection capabilities against advanced cyberattacks, zero-day threats and malware.
And in January 2019, Mimecast purchased data migration technology provider Simply Migrate to help customers and prospects move to the cloud more quickly, reliably and inexpensively.