Code42 recognized by industry leading judges for the potential of being valued at $1B as a cybersecurity unicorn in the near future

Minneapolis, MN — Aug 7, 2019 — / — Code42, the leader in data loss protection, today announced that it has been named a winner in the Black Unicorn Awards for 2019.

Code42 competed over a five-month period against many of the industry’s leading providers of cybersecurity products and services for this prestigious award. The term “Black Unicorn” signifies a cybersecurity company that has the potential to reach a $1 billion market value as determined by private or public investment.

“It takes an innovative cybersecurity solution to be named a Black Unicorn Awards winner,” said Joe Payne, Code42’s president and CEO. “Code42 is honored to be recognized for our new approach in solving one of the biggest insider threats to data loss — departing employees. Code42’s solution tells companies what data is leaving and when — so organizations aren’t finding out employees left with confidential information months after the damage is done.”

Using Code42 Next-Gen Data Loss Protection, organizations can detect risky file activity across computers and the cloud as well as quickly investigate unusual file behavior and respond to data loss, leak and theft. At any point in time, Code42’s solution can tell organizations where their data lives, when and what data leaves, and who has, or ever had, access to it.

“We judges felt that Code42 deserved to be named a Black Unicorn Awards winner for 2019 because they have the team, technology, drive and hypergrowth curve to potentially become a cybersecurity unicorn,” said judges Robert Herjavec of, David DeWalt of and Gary Miliefsky of

The Code42 Next-Gen Data Loss Protection solution was recently honored with a number of other industry awards, including a Stevie Award, two Cyber Defense Magazine 2019 InfoSec Awards, a 2019 Info Security PG’s Global Excellence Award and 2019 Cybersecurity Excellence Awards. For a complete list of Code42 achievements, visit the Honors page on the company’s website.

About Cyber Defense Awards
This is Cyber Defense Magazine’s seventh year of honoring cybersecurity innovators, in this case the Black Unicorn Awards for 2019 on our Cyber Defense Awards platform. In this competition, judges for these prestigious awards include cybersecurity industry veterans, trailblazers and market makers Gary Miliefsky of CDMG, Robert Herjavec of Herjavec Group and David DeWalt of NightDragon. Learn more about the Black Unicorn Awards winners and judges.

About Code42
Code42, the global leader in cloud-based endpoint data security and recovery, protects more than 47,000 organizations worldwide. Code42 enables IT and security teams to centrally manage and protect critical data for some of the most recognized brands in business and education. From monitoring endpoint data movement and use, to meeting data privacy regulations, to simply and rapidly recovering from data incidents no matter the cause, Code42 is central to any organization’s data security strategy. Code42 is headquartered in Minneapolis, Minn., and backed by Accel Partners, JMI Equity, NEA and Split Rock Partners. For more information, visit

Gerri Dyrek
Vice President Corporate Marketing

Source: Code 42




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