Work Here?
About Code42
Industries
Enterprise Software
Cybersecurity
Company Size
201-500
Company Stage
Series B
Total Funding
$137.5M
Headquarters
Minneapolis, Minnesota
Founded
2001
Overview
Code42 specializes in protecting data from insider threats through its main product, Incydr. This software identifies suspicious patterns and behaviors that indicate an insider may be transferring data to untrusted systems, allowing companies to proactively address potential risks. Unlike many competitors, Code42 focuses specifically on insider threats, providing tailored solutions for various industries, including clients like Snowflake. Their business operates on a Software as a Service (SaaS) model, where clients subscribe to access the software online, benefiting from regular updates. The goal of Code42 is to help organizations avoid the high costs associated with insider incidents, which can average around $16 million, by offering effective data protection.
Simplify's Take
What believers are saying
- Remote work trends increase demand for Code42's insider threat solutions.
- AI integration enhances Incydr's predictive capabilities for detecting insider threats.
- Regulatory focus on data protection boosts demand for Code42's compliance features.
What critics are saying
- Integration with Mimecast may cause service disruptions if not managed well.
- Departure of key executives like Jadee Hanson may affect leadership stability.
- Reliance on partnerships poses risks if expected synergies are not achieved.
What makes Code42 unique
- Code42's Incydr proactively identifies insider threats before data exfiltration occurs.
- The SaaS model ensures clients receive regular updates and improvements for data protection.
- Partnerships with firms like Abnormal Security enhance Code42's product offerings.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$137.5M
Above
Industry Average
Funded Over
2 Rounds
Accel
New Enterprise AssociatesIndustry standards
Benefits
Health, dental, & vision
401k with company match
Parental leave
Pet insurance
Generous PTO
Bonus plans & stock options
Company News
Code42 Software Inc., a Minneapolis security software developer, has been acquired by London-based cybersecurity firm Mimecast. Terms were not disclosed. Code42's 175 employees will join Mimecast's 2,000+ staff. Code42 CEO Joe Payne will serve as an adviser and board member. Mimecast will maintain Code42's Incydr product and integrate it into its platform. Code42 was advised by Piper Sandler & Co. in the sale. Code42 had $121.4 million in sales in 2021, with more than half from its CrashPlan service.
NATIONAL HARBOR, Md., June 04, 2024 (GLOBE NEWSWIRE) - Code42 Software, Inc., the leader in data loss and insider threat protection, today announced it has partnered with Abnormal Security, the leader in AI-native human behavior security, to launch Abnormal Security for Incydr Flows.
Code42 announces technology partnership with Mimecast to enhance visibility into insider threats.
Code42 appoints Dennis Dayman as Chief Information Security Officer.
MINNEAPOLIS, March 05, 2024 (GLOBE NEWSWIRE) - Code42 Software, Inc., the leader in data loss and insider threat protection, today released its annual Data Exposure Report (DER) for 2024, examining the intricacies of insider threats facing organizations today.
There are no jobs for Code42 right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Code42
About Code42
Industries
Enterprise Software
Cybersecurity
Company Size
201-500
Company Stage
Series B
Total Funding
$137.5M
Headquarters
Minneapolis, Minnesota
Founded
2001
There are no jobs for Code42 right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Code42