Permira's acquisition of Mimecast will put it in a better position to deliver innovation

The growing volume and increasing sophistication of cyber threats are driving greater interest in the cybersecurity sector, says Brandon Bekker, SVP for the EMEA region at global cybersecurity company, Mimecast.

There's also an increased demand for security solutions as threat actors aim to capitalise on the recent switch to hybrid work in light of the pandemic.

He also explained that the disruption caused by the adoption of hybrid work models in light of the Covid-19 pandemic, and broader geopolitical instability, have created fertile ground for threat actors who are capitalising on the ongoing fear and uncertainty.

“It has never been more important to have advanced security measures in place, preferably using a layered security strategy that protects organisations within, at, and outside their e-mail perimeter,” he said. “All of these factors combined have made cybersecurity firms attractive investment and growth opportunities.”

In December last year, Mimecast announced its intention to be acquired by Permira, a global private equity firm focused on transformational growth at scale, for $5.8 billion.

“Permira was not the first private equity firm to approach us, and throughout the cybersecurity sector you can find examples of leading companies being acquired by private equity firms,” Bekker said. “Permira's resources, network and experience scaling global technology companies will put Mimecast in a better position to deliver the innovations that our customers - and the world - need. Their philosophy of 'product first, growth first' also resonates with our own values and aligns with our ongoing investment in R&D.”

rohma@khaleejtimes.com