Security Compliance Software5916 Woodacres Dr, Bethesda, MarylandFounded 2001
Code42 was acquired by Mimecast. See Mimecast's profile →
Code42 is a Minneapolis-based data security company founded in 2001 that focuses on insider threat detection and data loss prevention.
Code42's annual revenue was $60M in October 2023, its last figure before Mimecast bought it.
| As of | Revenue | Source |
|---|---|---|
| Oct 2015 | $25M | Confirmed by CEO |
| Apr 2021 | $44.5M | Confirmed by CEO |
| 2022 | $50M | Joe Payne on cameraWatch at 10:04 |
| Oct 2023 | $60M | Confirmed by CEO |
Mimecast owns Code42. The date and price of the deal are not on record.
Code42 has raised $137.5M across two rounds since 2012. The latest was a $85M Series B in October 2015.
| Date | Round | Raised | Source |
|---|---|---|---|
| Oct 2015 | Series B | $85M | Joe Payne on cameraWatch at 19:51 |
| Jan 2012 | Series A | $52.5M | – |
| Total raised | $137.5M |
Nathan Latka has interviewed Code42 once, speaking with Joe Payne. Each figure links to the second it was said.
Watch: How Code42 Grew Its Insider Threat Product Past $50M ARR, Then Sold CrashPlan for $250M (Interview with CEO Joe Payne)November 2023 · Joe Payne, President and CEO
Growth tactics they described: Account-Based Marketing (ABM)Watch at 15:49
Code42 competes most directly with Druva and Backblaze. It is the smallest of the three by revenue.
Joe Payne founded Code42 in 2001 and led it as CEO. Code42 had 220 employees (November 2023).
| As of | Employees | Source |
|---|---|---|
| Nov 2023 | 220 | Joe Payne on cameraWatch at 16:38 |
| Nov 2022 | 225 | – |
| Oct 2022 | 225 | Confirmed by CEO |
| 2022 | 425 | – |
| Nov 2021 | 225 | – |
| Aug 2021 | 225 | – |
| Apr 2021 | 530 | – |
Before Mimecast bought it, Code42's annual revenue was $60M in October 2023, according to the CEO.
Mimecast owns Code42.
Code42 raised $137.5M across two funding rounds before Mimecast bought it. The last was a $85M Series B in October 2015.
Code42 had 220 employees in November 2023, as Joe Payne said on camera.
Joe Payne founded Code42 in 2001.
7 said on camera · 4 from public sources. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Oct 3, 2026Data disclaimerReport a correctionClaim this profile
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