Email Security Vendor Mimecast Sets Deal for $5.8 Billion Private Equity Buy-Out

Email security vendor Mimecast has a deal to be purchased by private equity firm Permira for $5.8 billion.  The price is a relatively modest 12x revenue, which is in line with the deal that Thoma Bravo set for Mimecast competitor Proofpoint in April.  Of course, those low values are exactly what private equity investors find appealing.