Growing demand for cloud services helps drive email specialist’s most successful year to date

London, UK; 20th June 2011 – Mimecast®, the leading supplier of cloud-based email archiving, continuity and security for Microsoft Exchange, has today announced a 57 percent rise in revenues for the fiscal year ended March 31st 2011[1]. During the same period, Mimecast’s global customer base grew from 2,700 to almost 4,000.  The company also saw a surge in user numbers as the company’s average deal size rose, adding 340,000 users to the grid to reach a total of 906,000. The company expects to pass the million user mark in the second quarter of this fiscal year.


Mimecast logoIn the UK, notable wins in the last twelve months included Action Aid, ARM Holdings, Berrymans Lace Mawer LLP, Cable&Wireless Worldwide, insurance broker Heath Lambert and McGrigors LLP.  The company also formed a strategic partnership with Computacenter, through which Computacenter chose Mimecast to support the company’s recently launched Computacenter cloud computing (C3) and cloud email product, C3Mail.
 
Mimecast, founded in the UK in 2003, offers cloud-based email archiving, continuity and security for Microsoft Exchange and Exchange Online, delivered through a single unified platform.  This approach, called Unified Email Management (UEM), reduces the cost, complexity and risk of managing email systems, and facilitates pain-free migration from older versions of Exchange. The company is currently working on a range of incentives to help existing and potential customers migrate to Exchange 2010 and Office 365 faster, and without service disruptions.   
 
Peter Bauer, Mimecast’s CEO and co-founder commented: “This year, with IT teams increasingly looking to the cloud to simplify their existing email environments and improve the economics of their IT operations, we’ve been able to create advantages for more companies than ever, alongside our fantastic network of partners. We are delighted with the progress our teams have made globally in the past year, for example in North America where we increased our customer base by 81 percent. We are keen to build on this success in the coming year and will be aiming to increase our market share internationally while continuing to invest in our technology across the board.”

Peter Campbell, Chief Financial Officer, Mimecast added: “With growth set to continue at between 50 and 60 percent a year and customer retention rates consistent above 97 percent, Mimecast now has a very strong, stable platform from which the company can continue to grow over the coming years.”

Mimecast’s recent successes have also been recognised in a number of awards. The company was placed in the top ten of the Guardian’s Tech Media Invest, in second place in the Sunday Times Tech Track 100 and fifth in the Deloitte EMEA Fast 500. The company was also identified by analyst firm Gartner as the fastest growing archiving company in the USA.