Mimecast named leader in Cloud email security market in South Africa
Mimecast South Africa claims more than 40% market share in key vertical sectors
JOHANNESBURG, South Africa. - Mimecast®, the leading supplier of cloud-based email archiving, continuity and security for Microsoft Exchange and Office 365, has been recognised as the leader in hosted email security and management solutions according to research group BackChannel. According to the bi-annual Hosted Email Security report, Mimecast has claimed 40% or more market share across key vertical sectors, including public administration, finance and transport and utilities.
This new market share data reflects a surge in growth for Mimecast’s South African operation. The company has almost doubled its user base in the last twelve months (97% growth) and increased its customer base by 65%, combined with a churn rate of less than 2%.
“We have had market share leadership in cloud archiving for some time, security has always been a very important part of our services mix here in South Africa, so it’s encouraging to see that we’ve established a leadership position in the Cloud Email Security category as well,” says Garth Wittles, managing director at Mimecast South Africa.
BackChannel electronically surveyed over 3,600 organisations in South Africa in order to discover the actual market share amongst competing vendors for hosted email security and management services.
Steve Barnett, co-founder of BackChannel, added: “When we first started tracking their activities in 2006 Mimecast was a new kid on the block, but this year they won the 2011 CRN 'Security Vendor of the Year' in the UK and our latest reports show them taking control of the South African market and growing at a terrific pace worldwide.”
Globally, Mimecast has reported revenues for the nine months to December 31st 2011 up almost 50% on the previous year, and expects to pass 5,000 customers and annual revenue of $50m in the current quarter. The company added 260,000 users during the nine month period, and passed the 1m user milestone in July 2011.
Mimecast delivers cloud-based email management for Microsoft Exchange, including email archiving, continuity and security. By unifying disparate and fragmented email environments into one holistic solution that is always available from the cloud, Mimecast minimizes risk and reduces cost and complexity, while providing total end-to-end control of email. Founded in the United Kingdom in 2003, Mimecast serves approximately 5 000 customers worldwide and has offices in Europe, North America, Africa and the Channel Islands.
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