Code42 (acquired by Mimecast)

Code42 is a United States-based startup offering data protection and insider threat detection through its Incydr product. The company's focus lies in preventing IP theft, safeguarding customer data, providing visibility into cloud and endpoints, protecting source code, and preventing departing employees from taking data. Code42's SaaS-based solution is designed to rapidly detect and respond to data loss, leak, theft, and sabotage without hindering employee productivity. The startup's Incydr solution has garnered recognition within the industry and received various awards, including the CSO50, IT World Awards, Black Unicorn Awards, Cyber Defense Magazine Global InfoSec Awards, and Cybersecurity Excellence Awards. Additionally, Inc. Magazine has acknowledged Code42 as one of America's best workplaces in multiple consecutive years. Moreover, Code42's insider threat solution has been praised for its tangible cost benefits, as highlighted in a commissioned report by Forrester Research. Organizations deploying the solution can anticipate a 172% return on investment, with significant cost savings from data loss and a notable increase in team time savings. The most recent investment in Code42 occurred through a Private Equity Round on 29 June 2018, with Second Alpha Partners participating as the investor. The company's strong focus on modern collaboration, coupled with its efficient approach to data protection and insider threat prevention, positions it as an attractive investment opportunity within the Big Data, Cyber Security, Enterprise, and SaaS industries.