Mimecast listed as fastest growing archiving vendor in new Gartner report

Mimecast, an enterprise email management company offering SaaS-based email security, continuity, policy control and archiving, today announced that the company has achieved an 80% year-over-year growth rate, as noted by the world's leading information technology research and advisory company, Gartner, in its latest report titled: “Market Trends: E-Mail Archiving Strong Growth Continues”, published 6 October 2010.

The report examines performance between 2008 and 2009 and shows that growth in e-mail archiving slowed from 25.7% in 2008 to 13.2% in 2009. At 80%, Mimecast's growth far outpaces that of its nearest competitors in North America, including Smarsh (36.3%), Proofpoint (33.3%) and Global Relay (25%).

This finding follows Gartner's recent report: “Market Trends: Archiving Software Experiences Strong Growth as Customers Archive More Than Just E-Mail”, published 27 September 2010, which found that archiving is the fastest-growing segment of storage management software, projected to grow 22.2% through 2014.

The report also found that e-mail archiving, the largest archiving revenue segment, will be driven by compliance and e-discovery business needs and is forecasted to be the second-fastest-growing sub-segment, with a 23% compound annual growth rate (CAGR). Further, the report found that cloud-based archiving solutions are gaining traction and account for 25.3% of the overall archiving software market revenue. These forecasts represent a significant opportunity for Mimecast's continued growth.

Mimecast provides a cost-effective and easy to use software as a service solution that works seamlessly with an organisation's existing e-mail server to deliver a ready-to-use, centrally managed archiving solution, enhancing user productivity and enabling organisations to meet legislative and regulatory compliance needs. Mimecast integrates seamlessly with Microsoft Exchange systems, is easy to scale and enables quick search and retrieval of information.

“We're thrilled to announce our outstanding growth within the archiving space and look forward to continuing this success for years to come,” said Mary Kay Roberto, Mimecast's SVP and General Manager. “Mimecast aims to solve organisations' increasing compliance and e-discovery requirements with cost-effective and end-user friendly solutions, and we're very pleased to have gained recognition from the industry for this achievement.”