This week, Endpoint protection and protection technology vendor Tanium announced the sale to the Ontario Teachers’ Pension Plan Board of $150 million in common stock.
Via its Teachers’ Research Network (TIP), which is active in late-stage startup and growth equity investments in validated innovations, Ontario Teachers’ has made the funding contribution.
Established in 2007, after a strategic alliance with Salesforce, Tanium has experienced significant success over the past few years, with around $800 million earned by 2018, and a valuation of $9 billion last year.
The company’s technologies include endpoint management, compliance, and visibility capabilities for customers, for improved control across the business environment.
The technology solutions company released Tanium as a Service (TaaS) last year, a zero endpoint management and security infrastructure solution, and collaborated with Google Cloud and IBM Cloud to help recognise advanced persistent threats and offer hybrid cloud security and compliance reporting.
Tanium is also trying to counter the middle market, which, it states, not only faces dynamic IT environments and highly advanced cyber-attacks, but also the shortage of defence expertise and the pressure of tense budgets.
The recent increase of cyber-attack sophistication is a clear warning that both organisations remain exposed. Company leaders need a forum from the most complicated government department to regional employers that offers exposure and control of endpoints combined with rich data to make knowledgeable, timely business decisions, said Orion Hindawi, co-founder and CEO of Tanium.