Code 42 Software

Code 42 Software, Inc. is a US-based company specializing in insider risk management and data protection solutions.Founded in 2001 and headquartered in Minneapolis, US, Code 42 Software, Inc. focuses on protecting organizations from insider threats. The company has undergone strategic transformations to enhance its offerings. Matthew Dornquast, the founder, has a background that enhances the company's vision.34 mn. The most recent deal occurred on July 24, 2024, when Mimecast Services Limited acquired Code 42 Software, Inc.Code 42 Software offers a comprehensive suite of data protection solutions that focus on insider risk management. Their flagship product, Incydr, is designed to monitor data interactions in real-time, enabling organizations to safeguard critical information from potential exposure and loss. The platform leverages AI technology to enhance detection capabilities, allowing clients to respond promptly to threats.The revenue model for Code 42 Software is based on subscription services, providing clients with ongoing access to their data protection solutions. Clients typically enter into annual subscription agreements, granting access to various products, including Incydr.Looking ahead, the acquisition by Mimecast Services Limited is expected to enhance Code 42's capabilities in threat detection and response solutions. The integration will aim to improve product offerings and expand market reach. The rationale behind the acquisition highlights a strategic focus on bolstering security solutions to address increasing demands in data protection. Specific plans for new product launches or geographic expansion have not been disclosed.

1. Series B

   Oct 2, 2015

   Amount

   $85M

   Investors

   Locked

2. Series A

   Jan 18, 2012

   Amount

   $53M

   Investors

   Locked