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Technology

My never-ending war on the Internet parasites

IbyIMD+ Published 24 November 2022 in Technology • 8 min read • Audio availableAudio available

Peter Bauer, co-founder and CEO of the cybersecurity company Mimecast, reflects on his company’s acquisition by private equity firm Permira for $5.8 billion, what keeps him motivated after two decades, and why his native South Africa is a key market for developing talent 

 

The past year has been an exciting one for Mimecast, the cybersecurity company I founded nearly 20 years ago in London with fellow South African Neil Murray. After more than six exciting years trading on Nasdaq, Mimecast is private again, following its acquisition by Permira  

Entrepreneurs set out to solve problems, and certainly, since founding Mimecast, cybercrime continues to be a large, ever-evolving problem, with growing recognition among business leaders that cyber-based threats are a significant business risk. Five years ago, only 58% of board members considered such threats a risk, according to our latest global report on the state of email security. In 2021 that figure rose to 88%.  

Mimecast was built to help companies reduce the risk of malicious activity, human error and technology failure. It was, and continues to be, our guiding principle to enable organizations and their employees to be protected at work. 

With more people working remotely than ever…

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