Tanium

Executive Summary

Tanium offers a single platform for managing and securing computer devices that helps giant corporations see and fix their hardware and software assets in real time. The business makes money by charging regular membership fees for its software and currently works with almost half of the top one hundred businesses in the United States. Tanium has changed its main approach to focus first on internet-based services, which has helped its regular yearly income grow by about 20% to 25% each year. Although the firm has grown quite large with over $700 million in yearly subscription value, it keeps spending a lot of money on its technology to stay ahead of huge security companies. Its main advantage is that it can control hundreds of thousands of computers at the exact same time without slowing down. But strong pressure from newer security companies built for the internet remains a big danger. This first public sale of stock will be a huge moment for the tech industry to see if people want to buy shares in a big, older security software business.