Code42

Code42 was founded as an IT consulting company in 2001,{{cite news|first=Kevin|last=Coss|url=http://www.bizjournals.com/twincities/print-edition/2011/04/15/cracking-the-code.html|work=BizJournals|title=Code 42 breaks into the B-to-B market|date=April 15, 2011|access-date=October 1, 2012|archive-date=March 31, 2017|archive-url=https://web.archive.org/web/20170331030841/http://www.bizjournals.com/twincities/print-edition/2011/04/15/cracking-the-code.html|url-status=live}}{{cite news|first=Todd|last=Nelson|newspaper=Star Tribune|title=Founder of data storage backup firm has a plan: Grow but stay put|date=May 16, 2011|pages=1D}} by Matthew Dornquast, Brian Bispala, and Mitch Coopet.{{cite news|first=Dean|last=Takahashi|url=https://venturebeat.com/2012/01/17/code-42-software-raises-52-5m-to-raise-profile-for-online-backup/|work=VentureBeat|title=Code 42 Software raises $52.5M to raise profile for online backup|date=January 17, 2012|access-date=September 30, 2012|archive-date=September 27, 2012|archive-url=https://web.archive.org/web/20120927120514/http://venturebeat.com/2012/01/17/code-42-software-raises-52-5m-to-raise-profile-for-online-backup/|url-status=live}} The company's name honors Douglas Adams, who authored Hitchhiker's Guide to the Galaxy and had died that year. In the book, the number 42 is the "answer to the ultimate question of life, the universe and everything".{{cite news|first=Joseph|last=Kovar|newspaper=CRN|url=http://www.crn.com/news/storage/232500091/crashplan-cloud-storage-vendor-code-42-grabs-52-5-million-in-vc-funding.htm|title=CrashPlan Cloud Storage Vendor Code 42 Grabs $52.5 Million In VC Funding|date=January 18, 2012|access-date=October 1, 2012|archive-date=August 1, 2020|archive-url=https://web.archive.org/web/20200801151441/https://www.crn.com/news/storage/232500091/crashplan-cloud-storage-vendor-code-42-grabs-52-5-million-in-vc-funding.htm|url-status=live}}

Some of Code42's first projects included a redesign of Sun Country Airlines' website in 2002, a project for the retailer Target Corporation,{{cite news|first=Jeremy|last=Stratton|newspaper=The Minneapolis Post|url=http://www.minnpost.com/politics-policy/2011/08/lessons-code-42-software-innovator-matthew-dornquasts-tech-biz-wisdom|title=The Lessons of Code42: Software innovator Matthew Dornquast's tech-biz wisdom|date=August 27, 2011|access-date=October 1, 2012|archive-date=August 18, 2020|archive-url=https://web.archive.org/web/20200818035338/https://www.minnpost.com/politics-policy/2011/08/lessons-code-42-software-innovator-matthew-dornquasts-tech-biz-wisdom/|url-status=live}} and the ticket booking engine for Midwest Airlines. Income from the IT services business was used to fund product ideas for six years.{{cite news|first=Stacey|last=Higginbotham|work=GigaOm|url=http://gigaom.com/2012/01/17/meet-code-42-accels-first-big-data-fund-investment/|title=Meet Code 42, Accel's first Big Data Fund Investment|date=January 17, 2012|access-date=October 1, 2012|archive-date=August 2, 2020|archive-url=https://web.archive.org/web/20200802100254/https://gigaom.com/2012/01/17/meet-code-42-accels-first-big-data-fund-investment/|url-status=dead}}

In 2006, the company planned to create a Facebook-like desktop application, but the project became too large and impractical. Code42 focused on the online storage element of the application, creating CrashPlan in 2007.

In June 2011, Code42 acquired a Minneapolis-based mobile development company, Recursive Awesome LLC, to support its software on mobile devices.{{cite news|first=Ed|last=Stych|newspaper=Minneapolis Business Journal|title=Code 42 buys mobile app firm that works with Best Buy|url=http://www.bizjournals.com/twincities/news/2011/06/01/code-42-buys-mobile-app-firm-best-buy.html|date=June 1, 2011|access-date=October 1, 2012|archive-date=October 28, 2013|archive-url=https://web.archive.org/web/20131028043523/http://www.bizjournals.com/twincities/news/2011/06/01/code-42-buys-mobile-app-firm-best-buy.html|url-status=live}}

In 2012, Code42 raised $52.5 million in funding.{{cite news|first=Sarah|last=McBride|author2=Gary Hill|work=Reuters|url=http://ca.reuters.com/article/technologyNews/idCATRE80H09T20120118|title=Carbonite rival Code 42 raises $52.5 million|date=January 18, 2012|access-date=October 1, 2012|archive-date=October 4, 2013|archive-url=https://web.archive.org/web/20131004214122/http://ca.reuters.com/article/technologyNews/idCATRE80H09T20120118|url-status=dead}}{{cite news| first=Katharine| last=Grayson| newspaper=Minneapolis Business Journal| title=VC investment climbs higher| url=http://www.bizjournals.com/twincities/print-edition/2012/04/06/vc-investment-climbs-higher-in-q1-2012.html| date=April 6, 2012| access-date=October 18, 2012| archive-date=November 6, 2013| archive-url=https://web.archive.org/web/20131106055626/http://www.bizjournals.com/twincities/print-edition/2012/04/06/vc-investment-climbs-higher-in-q1-2012.html| url-status=live}} The funding was the first distribution from a $100 million pool established in 2011 by Accel Partners to fund Big Data companies.{{cite news|first=Rebecca|last=Grant|work=VentureBeat|title=Origami Logic in process of folding up $8M in funding|date=September 20, 2012|url=https://venturebeat.com/2012/09/20/origami-logic-in-process-of-folding-up-8m-in-funding/|access-date=October 1, 2012|archive-date=September 25, 2012|archive-url=https://web.archive.org/web/20120925031336/http://venturebeat.com/2012/09/20/origami-logic-in-process-of-folding-up-8m-in-funding/|url-status=live}}

In 2013, Code42 developed, released and marketed a file sharing service called SharePlan.{{cite news|newspaper=eWeek|url=http://www.eweek.com/small-business/code42-introduces-private-cloud-file-sharing.html|access-date=February 25, 2015|first=Nathan|last=Eddy|title=Code42 Introduces Private-Cloud File Sharing |url-status=dead |archive-url=https://archive.today/20150227040604/http://www.eweek.com/small-business/code42-introduces-private-cloud-file-sharing.html |archive-date=2015-02-27}}{{cite news|first=Kevin|last=Mahoney|date=October 3, 2013|url=http://tcbmag.com/News/Recent-News/2013/October/Fast-Growing-MN-IT-Co-Will-Compete-With-Dropbox|newspaper=Twin Cities Business|access-date=October 4, 2013|title=Fast-Growing MN IT Co. will compete with Dropbox|archive-date=October 4, 2013|archive-url=https://web.archive.org/web/20131004220050/http://tcbmag.com/News/Recent-News/2013/October/Fast-Growing-MN-IT-Co-Will-Compete-With-Dropbox|url-status=live}} According to the Star Tribune, it competed with DropBox, but SharePlan used a PIN to access files and track users.{{cite news|title=Code42 expects sales growth with file-sharing product|first=Evan|last=Ramstad|newspaper=Star Tribune|date=October 7, 2014|access-date=February 25, 2015|url=http://www.startribune.com/business/278323171.html|archive-date=February 13, 2015|archive-url=https://web.archive.org/web/20150213040354/http://www.startribune.com/business/278323171.html|url-status=live}}

In October 2014, a revision of the software added features for regulatory compliance like Sarbanes-Oxley and options for a private, public or hybrid cloud deployment.{{cite news|title=Code42 announces new version of SharePlan with flexible cloud options|date=October 7, 2014|first=Lisa|last=McGreevy|publisher=FierceContentManagement|url=http://www.fiercecontentmanagement.com/story/code42-announces-new-version-shareplan-flexible-cloud-options/2014-10-07|access-date=February 28, 2015|archive-date=April 2, 2015|archive-url=https://web.archive.org/web/20150402151417/http://www.fiercecontentmanagement.com/story/code42-announces-new-version-shareplan-flexible-cloud-options/2014-10-07|url-status=live}} It had a single login with Crashplan using a feature called the "Code42 EDGE Platform", which was improved in December 2014 with two-factor authentication features.{{cite news|title=Code42 Adds Security Features to Edge Platform|first=Nathan|last=Eddy|date=December 9, 2014|url=http://www.eweek.com/small-business/code42-adds-security-features-to-edge-platform.html |newspaper=eWeek|access-date=February 28, 2015 |url-status=dead |archive-url=https://archive.today/20150227040520/http://www.eweek.com/small-business/code42-adds-security-features-to-edge-platform.html |archive-date=2015-02-27}} Shareplan was discontinued in August 2015.{{cite web | last=Grayson | first=Katharine | title=Code42 to stop selling once-touted SharePlan file-sharing product | website=Minneapolis / St. Paul Business Journal | date=August 6, 2015 | url=http://www.bizjournals.com/twincities/blog/in_private/2015/08/code42-kills-shareplan-file-sharing-syncing.html | access-date=August 7, 2015 | archive-date=August 8, 2015 | archive-url=https://web.archive.org/web/20150808234224/http://www.bizjournals.com/twincities/blog/in_private/2015/08/code42-kills-shareplan-file-sharing-syncing.html | url-status=live }}

In mid 2015, former Eloqua CEO Joe Payne succeeded co-founder Matthew Dornquast as CEO. The company raised an additional $85 million in funding in October 2015.{{cite news | last=Ramstad | first=Evan | title=Software maker Code42 raises $85 million from investors | work=Star Tribune | date=October 6, 2015 | url=http://www.startribune.com/software-maker-code42-raises-85-million-from-investors/330855981/ | access-date=October 13, 2015 | archive-date=November 27, 2020 | archive-url=https://web.archive.org/web/20201127180530/https://www.startribune.com/software-maker-code42-raises-85-million-from-investors/330855981/ | url-status=live }}{{cite web | last=Miller | first=Ron | title=Code42 Snares Huge $85M Series B Investment | website=TechCrunch | date=October 6, 2015 | url=https://techcrunch.com/2015/10/06/code42-snares-huge-85m-series-b-investment/ | access-date=October 13, 2015 | archive-date=November 8, 2020 | archive-url=https://web.archive.org/web/20201108091130/http://techcrunch.com/2015/10/06/code42-snares-huge-85m-series-b-investment/ | url-status=live }}

On August 22, 2017, Code42 announced they were shutting down CrashPlan for Home, effective in October 2018. They were not accepting new subscriptions but would maintain existing subscriptions until the end of their existing subscription period, at which point the backups would be purged. The Home plans had been replaced by CrashPlan for Small Business, which are business-focused, although still possible to use for private purposes.{{Cite news|url=https://www.macrumors.com/2017/08/22/crashplan-discontinuing-home-subscriptions/|last=Clover|first=Juli|title=Popular Backup Solution CrashPlan Discontinuing Personal Subscriptions|access-date=2018-06-08|language=en|archive-date=2020-11-29|archive-url=https://web.archive.org/web/20201129222603/https://www.macrumors.com/2017/08/22/crashplan-discontinuing-home-subscriptions/|url-status=live}} Backups to friends/family are not supported in the new product, the company explained: "As we shift our business strategy to focus exclusively on enterprise and small business segments, you have two great options to continue getting the best backup solution."{{cite web| url=https://www.crashplan.com/en-us/consumer/nextsteps/|title=Important Changes to CrashPlan for Home Service|website=crashplan.com|publisher=Codefortytwo Software|access-date=2017-08-22|archive-url=https://web.archive.org/web/20170823001341/https://www.crashplan.com/en-us/consumer/nextsteps/|archive-date=2017-08-23}}

In September 2020, Code42 launched Incydr, a SaaS data protection tool for enterprises.{{cite web |last1=Barker |first1=Ian |title=New tool helps protect enterprises from insider threats |url=https://betanews.com/2020/09/16/enterprise-insider-threat-tools/ |website=BetaNews |date=September 16, 2020 |access-date=January 7, 2021 |archive-date=December 2, 2020 |archive-url=https://web.archive.org/web/20201202163153/https://betanews.com/2020/09/16/enterprise-insider-threat-tools/ |url-status=live }} Incydr allows security teams to effectively mitigate file exposure and exfiltration risks without disrupting legitimate work and collaboration. Incydr guards intellectual property, source code and trade secrets. Incydr is Code42's flagship product.{{cite web |last1=Tsidulko |first1=Joseph |title=Code42 Goes All-In On Channel With Industry Veteran As New Channel Chief |url=https://www.crn.com/news/cloud/code42-goes-all-in-on-channel-with-industry-veteran-as-new-channel-chief |website=CRN |date=November 11, 2020 |access-date=January 7, 2021 |archive-date=December 5, 2020 |archive-url=https://web.archive.org/web/20201205154707/https://www.crn.com/news/cloud/code42-goes-all-in-on-channel-with-industry-veteran-as-new-channel-chief |url-status=live }}

Also in September 2020, Code42 leaders Joe Payne, Jadee Hanson, and Mark Wojtasiak, co-authored and published the book Inside Jobs: Why Insider Risk is the Biggest Cyber Threat You Can't Ignore.{{cite book |last1=Payne |first1=Joe |last2=Hanson |first2=Jadee |last3=Wojtasiak |first3=Mark |last4=Kurtz |first4=George |title=Inside Jobs |date=2020 |page=5 |publisher=Simon and Schuster |isbn=9781510764491 |url=https://books.google.com/books?id=Kw_5DwAAQBAJ |access-date=2021-01-07 |archive-date=2021-10-30 |archive-url=https://web.archive.org/web/20211030145458/https://www.google.co.uk/books/edition/Inside_Jobs/Kw_5DwAAQBAJ?hl |url-status=live }} The book explores the problem of insider risk, what drives it, why they believe traditional methods of protecting company data are inadequate and what security leaders can do to keep their data secure.

On September 14, 2021, Code42 launched Code42 Instructor, a microlearning solution that improves insider risk awareness by training companies to be security-oriented. Instructor was later integrated with Incydr to allow company risk awareness teams to immediately send corrective lessons when risky employee behavior is detected.

In August 2022, Code42 announced that it had sold the CrashPlan side of its business to New York-based private equity firm Mill Point Capital to focus exclusively on the cybersecurity market.{{cite web|url=https://www.bizjournals.com/twincities/inno/stories/news/2022/08/04/crashplan-code42-separation-mill-point.html|title=Data backup, recovery service CrashPlan separates from Code42, acquired by Mill Point Capital|website=The Business Journals|first=Caitlin|last=Anderson|date=August 4, 2022|accessdate=August 24, 2023}} Mill Point Capital purchased CrashPlan for $250 million

In 2024, Mimecast acquired Code42.{{cite news |url=https://www.startribune.com/code42-mimecast-acquisition-cybersecurity-tech-software/600385974 |title=Code42, a Twin Cities tech darling, acquired by Massachusetts-based cyber firm |first=Nick |last=Williams |date=July 25, 2024 |newspaper=The Minnesota Star Tribune |access-date=August 28, 2024 |url-access=subscription |url-status=live |archive-url=https://web.archive.org/web/20240822185758/https://www.startribune.com/code42-mimecast-acquisition-cybersecurity-tech-software/600385974 |archive-date=2024-08-22}}

Code42 is the maker of Incydr, software that allows security teams to mitigate file exposure and exfiltration risks without disrupting collaboration. Incydr displays information about what data is relevant, including how, when and where that data is moving, and who is moving it. It monitors the movement of all files, whether the activity is within a company's security protocols or not, and captures a copy of all exfiltrated files for security teams to reference. Even though Incydr monitors all file activity, it distinguishes between acceptable team collaboration and file sharing and events that represent risks to businesses.

Code42 also develops Instructor, a microlearning security tool which is available as a standalone product, or integrated with Incydr. It allows security teams to improve insider risk awareness by offering short training videos that can be sent to employees engaging in risky behaviors that may leave valuable company IP vulnerable. Video distribution can be targeted proactively to a general audience, situationally for specific users, or in response to risky behavior identified by employee activity.

{{reflist|2}}

• {{Official|https://www.code42.com}}

{{Good article}}

{{Backup software}}

Category:Companies based in Minneapolis

Category:Software companies based in Minneapolis

Category:Software companies based in Minnesota

Category:Web hosting

Category:Classic Mac OS software

Category:File hosting for Linux

Category:File hosting for macOS

Category:File hosting for Windows

Category:Software companies of the United States

Category:2024 mergers and acquisitions