Salesforce invests in security software provider Tanium at $9 billion valuation

[InfoSec News <alerts () infosecnews org>]

https://www.cnbc.com/2020/06/25/salesforce-invests-in-security-vendor-tanium-at-9-billion-valuation.html

By Ari Levy
CNBC.com
June 25, 2020

Salesforce's venture arm, which has emerged as among the most active 
corporate venture groups in technology, is investing in Tanium in a 
funding round that values the security software vendor at $9 billion.

The investment, announced on Thursday, is part of a strategic tie-up 
between the two companies that will bring Tanium’s security tools into 
Salesforce’s massive customer base. Tanium’s technology gives IT teams 
visibility into all those devices that employees are now using from home, 
an issue that’s becoming more important by the day as the coronavirus 
pandemic drags on and companies keep their staffers out of the office.

“This puts IT departments under incredible strain, with more complex 
workloads and an increasing volume of service requests — BYOD (Bring Your 
Own Device) issues, critical software patches — flooding in as employees 
adjust to working remotely,” Salesforce said in a blog post. The company 
said that it’s working with Tanium to “develop an employee service 
solution for the new all-digital, work-from-anywhere world.”

Tanium said in an emailed statement that the new investment brings the 
total amount its raised to $900 million, suggesting a new investment by 
Salesforce of about $100 million. While the company didn’t disclose the 
size of the round, it had previously raised a total of about $800 million 
at the time of its last fundraising in 2018, which valued Tanium at $6.5 
billion.

[...]

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