Collaborate Disseminate
It’s widely known that Dell has a debt problem left over from its massive acquisition of EMC in 2016, and it seems to be moving this year to eliminate part of it in multi-billion chunks. The first step was spinning out VMware as a separate company last month, a move expected to net close to […] Continue reading Dell dumps another big asset moving Boomi to Francisco Partners and TPG for $4B
Combination will create a Best-In-Class SaaS Platform to Better Serve the Rapidly Growing Demand for Privileged Access Management (PAM) Software as Cyber-Attacks Increase Transaction Follows Closing of TPG’s Previously Announced Acquisition of Centrify… Continue reading TPG-Led Investor Group Announces Combination of Thycotic and Centrify to Create a Leading Cloud Identity Security Vendor
Investment will expand Centrify’s leadership in identity security and privileged access management Seasoned software and security executive Art Gilliland to join Centrify as CEO January 28, 2021 12:00 PM Eastern Standard Time SANTA CLARA, Calif. & … Continue reading TPG Agrees to Acquire a Majority Stake in Centrify from Thoma Bravo
Cybersecurity company Tanium has been infused with a $175 investment from Investment firm TPG, Reuters reported Wednesday, which would put the company’s valuation at about $5 billion. Reuters cites sources familiar with the investment who said that that TPG’s funds will not go directly to the company, but will instead be used to buy the stock of early employees. TPG declined to comment and Tanium did not respond to a request for comment on the reported investment. The California company provides endpoint protection services and boasts that its customers include 12 of the top 15 banks, 6 of the top 10 retailers and four of the U.S. armed forces. The new funding reinforces Tanium’s position the most well-funded cybersecurity startup. Tanium was previously valued at about $3.75 billion a year ago when it received a $100 million investment, also from TPG. CEO and co-founder Orion Hindawi spoke about Tanium’s growth […]
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Continue reading Tanium gets $5 billion valuation after $175 million investment
Private cybersecurity company Tanium announced Thursday it raised $100 million in funding, led by the private equity firm TPG, raising the company’s valuation to $3.75 billion. The company, which sells endpoint protection and management to government and military agencies as well as most of the top banks and retailers in the United States, had $300 million in cash and investments plus over 100 percent revenue growth before the latest injection of money. Earlier this week, Tanium hired Chris Bream, a director of product security at Facebook, as their new Chief Technology Officer. The raise comes despite the latest controversy for the California-based company: Tanium was found to be using real-time data from a hospital network in sales demos. Company CEO Orion Hindawi admitted mistakes were made, but the data was from the customer’s demo environment. Additionally, nine senior executives have the left the company over the last eight months, according to an […]
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Continue reading Tanium raises $100 million investment, raises value to $3.75 billion