Mimecast Acquires User Education Startup Elevate Security
Security Week – Ryan Naraine
The key details are:
– Email security vendor Mimecast acquired Elevate Security, a startup in the user education/awareness training space.
– Financial terms of the transaction were not disclosed.
– Elevate Security was founded 6 years ago with plans to disrupt the security awareness training market.
– It had raised $18\)3M from investors including Cisco and CrowdStrike.
– Elevate Security’s core tech ingests human/context data and identifies high-risk individuals using risk scoring.
– It helps businesses understand risk levels, motivate behavior change, enforce policies and automate controls.
– Mimecast plans to incorporate Elevate Security’s tech to improve its Awareness Training product line.
– The acquisition will help Mimecast beef up its offerings around educating users on security best practices.
– Mimecast will maintain support for Elevate Security’s existing customer base post-acquisition.
In summary, Mimecast acquired Elevate Security to integrate its user risk scoring and behavior change technology into Mimecast’s security awareness training products.
Link: https://www.securityweek.com/mimecast-acquires-user-education-startup-elevate-security/