Tanium IPO: Can you buy this Kirkland-based cybersecurity firm's stock?

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Tanium IPO: Can you buy this Kirkland-based cybersecurity firm's stock?

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 Tanium IPO: Can you buy this Kirkland-based cybersecurity firm's stock?
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Highlights

  • Steve Daheb's appointment as the chief marketing officer has led to speculations that Tanium could consider for an initial public offering.
  • Before joining Tanium, Mr Daheb served as the CMO for ON24, and he reportedly helped the company through its public debut in February this year.
  • The new CMO is expected to act as a driving force in building Tanium's brand.

The latest appointment of Tanium's chief marketing officer (CMO) has sparked off an investors' interest in the company once again. On November 1, the systems management and cybersecurity firm announced the appointment of Steve Daheb as its CMO, and this decision is leading to speculations that the company could be exploring to go public in the US equities market.

Mr Daheb is known as a marketing veteran in the information technology (IT) industry, and he has successfully driven the business growth of companies in the past. He has years of experience in driving business growth through brand reimagining, corporate strategies and demand creating for start-up, public, and mid-late-stage private companies.

Orion Hindawi, co-founder, and chief executive officer of Tanium said that the company is in pursuit of helping organizations to manage and secure their proliferating endpoints, which increased due to the coronavirus pandemic.

Mr Hindawi said that the new CMO will act as a driving force in building Tanium's brand. On that note, let's find out why the cybersecurity firm's name surfaced on the trending charts in North America.

Is Tanium publicly traded?

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Tanium IPO on the cards?


There is no official announcement from the company, however, Steve Daheb's appointment has led to speculations that the company could consider for an initial public offering.  Before joining Tanium, Mr Daheb served as the CMO for ON24, and he reportedly helped the company through its public debut in February this year.

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Upon his arrival, the chief marketing officer is supposed to increase Tanium's brand momentum and his experience spans multiple customer segments like small-and-medium-sized businesses (SMBs), Enterprise and mid-market.

As of now, investors cannot buy the stock of the cybersecurity firm as it is a privately held company. If the company goes public, then potential investors will have an option of buying the stock.

Bottom line


Tanium enables companies to gain visibility and take control across all endpoints, whether it is cloud-based or on-premises. Cybersecurity is vital in today's digital age and the Kirkland-based company allows teams to manage, secure and protect their networks.

Around half of the Fortune 100 companies, several branches of the US Armed Forces and financial institutions trust Tanium to control their endpoints. Notably, for six consecutive years, the company was featured in the Forbes Cloud 100 list of 'Top 100 Private Companies in Cloud Computing'.

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