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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