December 7, 2016We’re honored and humbled by Gartner’s recognition of Mimecast Cloud Archiving in its 2016 Magic Quadrant for Enterprise Information Archiving. With this year’s recognition, Mimecast has been named as a Leader for the second year in a row.
Moreover, for the first time, we placed highest within the Leader Quadrant for both Ability to Execute and Completeness of Vision. This momentous recognition offers an occasion for reflection on the nature of information archiving and our place in the market.
A Breakaway Moment
The range of archiving use cases we now help you address has multiplied as well, from regulatory compliance and legal risk mitigation to end-user enablement, mailbox management, and layered protection against the scourge of ransomware.Thanks in part to this transformation, we at Mimecast find ourselves in our own, corporate breakaway moment. We’ve grown rapidly on the heels of last year’s IPO. We continue to innovate aggressively on our platform and across the customer experience.Gartner’s EIA Magic Quadrant report sheds light on a breakaway moment. The state of archiving has clearly morphed. Freed from the confines of costly and labor-intensive premises-based infrastructures, today’s cloud-based solutions offer streamlined administration, fast search performance, and end-user value, in addition to affordability.
Finally, businesses and organizations now face their own breakaway opportunities, applying next-generation archiving technologies to master today’s myriad business challenges.
Documenting an Archiving Inflection Point
Like other recent analyst research reports, Gartner’s latest EIA MQ installment bravely captures a transition point in the fast-evolving archiving market. As I noted in an earlier post, the current roster of cloud archiving vendors have gotten here via a diversity of paths, including social media, search engine, backup-and-recovery, and enterprise content management (ECM), among others.
What brings us together? Three major business trends:
- Email’s primacy as a business resource
- More rigorous compliance requirements
- Increasing exposure to costly litigation
This lends the EIA market a “gene pool” that’s remarkably rich, which is both good and bad for businesses and organizations that seek the archiving solution best suited to their particular needs. Good in the sense that, no matter the set of use cases you seek to fulfill, the chance that the right solution is out there is quite high. Bad in the sense that finding that right solution can be challenging.
In this context, we applaud the work of Gartner. Gartner’s systematic assessments of vendors’ specific capabilities and strengths – and, by extension, these vendors’ long-term viability as solution partners – is invaluable for organizations who need to fully leverage technology while minimizing investment risk.
All Due Appreciation
On behalf of everyone on the global Mimecast team, I’d like to extend our deepest appreciation to the archiving analyst team at Gartner. We’ve thoroughly enjoyed working with you, into 2017 and beyond.
Special thanks to our customers, especially those who took the time to talk to Gartner analysts about your experiences before and after you began archiving with us. There’s nothing we appreciate more than your willingness to share your ideas with us and with the larger community.
Finally, thanks and kudos to my Mimecast teammates around the world! This recognition belongs to you. It’s a great mile marker in the wake of another big milestone, our one-year anniversary as a public company.
The just-released The Forrester WaveTM: Information Archiving Cloud Providers, Q4 2016 provides a fascinating touchpoint on the rapid evolution of the State of Archiving. We hold Forrester Research in high regard as a global leader in research and advisory services.
The report is based on service demos and interviews with both vendors and users. It’s an honor just to be included in this report, let alone to have earned Forrester’s recognition as a “Strong Performer.” We’re delighted to have our archiving business recognized in this way.
As a snapshot of the archiving market, we feel the report offers three key insights worth reflecting upon.
TAKEAWAY #1: THE FORRESTER WAVE REPORT PUTS MIMECAST IN THE COMPANY OF AN INTERESTING MIX OF VENDORS
We fully expected to see some familiar rivals in this report, and in this Forrester analysts didn’t disappoint. Yet there were a few surprises as well. Certain vendors that our customers frequently ask about somehow didn’t make the report.
On the other hand, there were some vertical-market specialists that rarely if ever come up in customer conversations, or even in other analysts’ archiving market research. We were also a bit surprised to see some well-known Enterprise Content Management (ECM) specialists in the mix.
TAKEAWAY #2: THIS REPORT SAYS A LOT ABOUT THE FLUID STATE OF ARCHIVING
Mimecast was founded in 2003 as an archiving SaaS provider. Archiving is in our DNA.
Understandably, other vendors bring their own unique origin stories. Those included here include companies with roots in records management, instant messaging, and content workflow automation. There are vendors here who rose to success by focusing on call center customers, financial services providers, law firms, and other verticals.
What brings us all together? The domination of knowledge work, the emergence of information retention regulations, and the spiraling legal exposure that all organizations face.
TAKEAWAY #3: WE DO WHAT WE DO THANKS TO OUR CUSTOMERS
We developed our proprietary Mime|OS both to leverage cloud economies and to overcome cloud scale, performance, and other challenges. Then, as we all know, the web matured, and with it, cybercrime. As these threats morphed and mushroomed, our customers’ needs expanded.
In responding to these needs, we found that Mime|OS provided the ideal foundation for delivering new categories of security and continuity services. More recently, our Mime|OS and unified cloud architecture have proven a boon for simplifying the buildout of our API library, which in turn will let us accelerate the pace of service expansion.
Further, without our customers, there’d be no Legendary Customer Success.
THANKS FOR THE PRIVILEGE
So again, we’re indebted to the analyst community for recognizing our hard work and accomplishments. We also recognize the contributions of our partners, for teaming with us, and sharing our successes. Finally, infinite thanks to our customers. You keep us focused and offer vital course-correction in this fast-paced world.
We wouldn’t have it any other way.
The Forrester Wave™ is copyrighted by Forrester Research, Inc. Forrester and Forrester Wave™ are trademarks of Forrester Research, Inc.
Stop me if you’ve heard this one: my first week at Mimecast went so well that my manager sent me to Indianapolis for the state’s presidential primary.
Full disclosure: Indiana’s presidential primary happened to coincide with the 2016 Midsize Enterprise Summit (MES) East. MES East is The Channel Company’s largest-ever independent gathering of midmarket CIOs and senior executives, and a great opportunity to catch up on new market developments, services, and products.
We’re big fans of MES events (we’ll be at MES West in Austin this September), both as a vehicle to learn what IT executives are focusing on, and to share our updates with them. So while there was plenty of side chatter about the race for the White House, at no point did it distract from the urgent business matters at hand.
This year’s theme, “The Big Shift,” was well suited to the discussions Julian Martin, Mimecast’s VP of Product Marketing, led in our Boardroom Sessions. Why? Because companies are now faced with an unprecedented mix of reward and risk as they migrate to the cloud. And, we seem to have reached a critical inflection point in that migration.
The vast majority of execs we met are committed to their cloud transformations. We heard the same goals over and over again: to streamline operations, shift from capex to opex, and improve scale and agility. But, they tell us, it’s no cakewalk. Our Boardroom and expo booth guests shared plenty of war stories, many related to email.
Email is usually the first platform organizations move into the cloud. It’s the business application that IT departments are most comfortable relegating to a third party to maintain. Yet it’s also the ultimate Killer App, a vital conduit – and repository – for business-critical and strategic information. Whether cloud-based or on premises, email data is crucial for closing sales, negotiating, and brainstorming.
It’s no wonder that email has also emerged as the single biggest threat vector for attacks on corporate information.
This was the central message of Julian’s Boardroom Sessions: it’s just as important to deploy a layered security solution for cloud-based email as it is when your email servers are in your data center. Cybercriminals have demonstrated boundless creativity in their efforts to exploit technology and human nature to breach corporate firewalls, access sensitive data, and steal billions of dollars. Even as email attacks appear with alarming frequency in news headlines, these exploits continue to grow bolder and more numerous over time.
The good news is that our guests were completely on board with Julian’s message. Several IT execs recounted their own personal experiences of phishing, whaling, and impersonation attacks. If you were among them, we thank you for validating our observations. And, special thanks to Mimecast’s customers who were willing to share your ideas, your views on how our services have helped secure your operations, and what you’d like to see on our roadmap over the coming months.
Finally, a huge note of thanks for nominating Mimecast in the Vendor Best in Show and Best Solution categories! We were blown away by your recognition, and grateful for all of the feedback you provided. We’re excited that Donald Trump and Bernie Sanders weren’t the only winning candidates in Indiana last week.
We hope you can join us this coming Fall in Austin for MES West. Until then, if you want to stay abreast of email security happenings, please visit our Security Center and sign up to receive our Security Advisories.