Mimecast, a publicly traded email security company, is acquiring cybersecurity software startup Solebit in an $88 million cash deal, the two companies announced Tuesday.
Based in San Francisco with offices in Tel Aviv, Israel, Solebit develops software that helps enterprises detect cyberthreats on their networks. The company boasts that its platform does this in a signatureless way and without using sandboxing. It was founded in 2014 by former members of the Israeli Defense Forces, according to its website, and has raised $13 million in venture capital funding.
Solebit’s threat detection capabilities are already integrated into Mimecast’s products, according to the announcement.
“We’re excited to welcome Solebit into the Mimecast family, as it helps us to offer customers a new approach that fundamentally improves their cybersecurity and resilience efficacy in the most efficient way on the market,” said Mimecast CEO Peter Bauer in a statement.
Headquartered in London, Mimecast markets a cloud-based platform that protect companies from email threats and provides secure email archiving and migration.
Mimecast also recently acquired Ataata, a cybersecurity training platform that aims to reduce cyber risks by trying to reduce human error.