Mimecast Rejects Thoma Bravo, Proofpoint Buyout Offer: Report
The report surfaced roughly one month after Permira announced plans to acquire Mimecast for roughly $5.8 billion. That M&A agreement included a 30-day “go shop” period, which allowed Mimecast to solicit and consider additional buyout offers.
Proofpoint, backed by Thoma Bravo, made an offer for Mimecast that was 16% higher than the Permira agreement, but Proofpoint declined the higher offer inquiry amid antitrust concerns, Reuters said.
Meanwhile, the Permira-Mimecast deal is expected to close in the first half of 2022.
Mimecast Email Security Business Background, Challenges
Mimecast has 1,700 employees and 40,600 customers, according to the email security company’s website.
The Mimecast partner program spans resellers and MSPs. The company named Jonathan Corini as senior vice president of global channel sales in October 2020.