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Industries
Enterprise Software
Cybersecurity
Company Size
201-500
Company Stage
Series B
Total Funding
$137.5M
Headquarters
Minneapolis, Minnesota
Founded
2001
Code42 specializes in protecting data from insider threats through its main product, Incydr. This software identifies patterns and behaviors that indicate an insider may be transferring data to untrusted systems, allowing companies to proactively address potential risks. Unlike many cybersecurity solutions that react to incidents after they occur, Code42 focuses on prevention. The company operates on a Software as a Service (SaaS) model, where clients subscribe to access Incydr over the internet, benefiting from regular updates and improvements. This subscription model not only provides ongoing protection but also helps clients save money by avoiding the high costs associated with insider incidents, which can average around $16 million. Code42's goal is to ensure that organizations can safeguard their sensitive information effectively, making it a valuable partner for companies across various industries.
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Total Funding
$137.5M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Health, dental, & vision
401k with company match
Parental leave
Pet insurance
Generous PTO
Bonus plans & stock options
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.
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Industries
Enterprise Software
Cybersecurity
Company Size
201-500
Company Stage
Series B
Total Funding
$137.5M
Headquarters
Minneapolis, Minnesota
Founded
2001
Find jobs on Simplify and start your career today