Code42 Software was founded in 2001 by Brian Bispala, Matthew Dornquast, and Mitch Coopet. The company has not spoken publicly about plans to pursue an IPO, but CEO and President Joe Payne has a proven record of success, leading Eloqua through a successful IPO. The Minneapolis Star Tribune predicts that "an IPO could occur within a couple of years, as Code42 crosses $150 million in revenue and demonstrates profitable growth." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Code42 offers data security solutions. The company specializes in protecting against insider risk, a concept that Code42 defines as any potential data exposure that might occur from the actions, often accidental, of a person within an organization. Code42 has raised over $130 million in venture capital funding from investors including JMI Equity, New Enterprise Associates, Accel Partners, and Split Rock Partners. The company's most recent round of funding took place in 2015, but Code42 continues to experience rapid growth, with revenue increasing by 125% in 2021. Code42 has a post-money valuation of up to $500 million.
Code42 Software completed their merger and acquisition with Mimecast on July 24, 2024. Forge no longer actively tracks this company.
Company Details
Code42 Software was founded in 2001 by Brian Bispala, Matthew Dornquast, and Mitch Coopet. The company has not spoken publicly about plans to pursue an IPO, but CEO and President Joe Payne has a proven record of success, leading Eloqua through a successful IPO. The Minneapolis Star Tribune predicts that "an IPO could occur within a couple of years, as Code42 crosses $150 million in revenue and demonstrates profitable growth." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Code42 offers data security solutions. The company specializes in protecting against insider risk, a concept that Code42 defines as any potential data exposure that might occur from the actions, often accidental, of a person within an organization. Code42 has raised over $130 million in venture capital funding from investors including JMI Equity, New Enterprise Associates, Accel Partners, and Split Rock Partners. The company's most recent round of funding took place in 2015, but Code42 continues to experience rapid growth, with revenue increasing by 125% in 2021. Code42 has a post-money valuation of up to $500 million.
You can no longer invest in Code42 Software with Forge. But if you are an accredited investor interested in buying pre-IPO shares of a private company, you can learn more about how to invest in the private market or register today to get started.
Can you sell shares of Code42 Software before it goes public?
You can no longer sell shares of Code42 Software on Forge as this company is no longer private. However, if you own shares of a private company, Forge may be able to help you sell them in a way that works for you and the company. Learn more or register with us today to get started.
What is the pre-IPO value of my Code42 Software shares?
Forge can no longer determine the value of Code42 Software shares as this company is no longer private. However, if you own shares of a private company, Forge may help you value and sell them in a way that works for you and the company. Learn more or register with us today to get started.
Is Code42 Software a publicly traded company?
Code42 Software became a public company following its M&A on 07/24/2024 and is now a publicly traded company.
To learn more about Code42 Software potential IPO
Will Code42 Software go IPO?
Code42 Software became a public company following its M&A on 07/24/2024.
What is Code42 Software’s IPO price?
The IPO price of Code42 Software is not currently available.
When was Code42 Software founded?
Code42 Software was founded in 2001.
What is Code42 Software funding to date?
Code42 Software has raised $140.12MM to date.
Who are Code42 Software’s major investors?
Accel
New Enterprise Associates
Split Rock Partners
JMI Equity
NewView Capital
TriplePoint Capital
Realization Capital Partners
Code42 Software Major Investors
Accel
New Enterprise Associates
Split Rock Partners
JMI Equity
NewView Capital
TriplePoint Capital
Realization Capital Partners
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Code42 Software Funding Rounds and Valuation
Funding History Chart
Funding Round Details
Funding Date
Share Class
Amount Raised
Price per Share
Post-Money Valuation
Key Investors
10/13/2015
Series B
$85.64MM
$xx.xx
$348.27MM
Accel Partners, Jmi Equity, New Enterprise Associates, Split Rock Partners
Price per Share
$xx.xx
Shares Outstanding
24,968,400
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.1x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel Partners, Jmi Equity, New Enterprise Associates, Split Rock Partners
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Updated on: Dec 3, 2024
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