Home Business News Salesforce investment brings Tanium valuation to $9bn

Salesforce investment brings Tanium valuation to $9bn

25th Jun 20 2:33 pm

We are excited to announce a strategic partnership with Salesforce, supported by a new round of funding led by a strategic investment from Salesforce Ventures to reimagine employee service management, bringing the company’s post-money valuation to $9bn.

This investment will be used to accelerate the partnership and strengthen Tanium’s market leadership in unified endpoint management and security.

Over the past few months, there has been a seismic shift in the way organizations and their employees operate.

In this new digital, work-from-anywhere world, an explosion in unmanaged endpoints, escalating cyber-attacks, and overwhelmed VPNs have stretched distributed IT support staff to the limit. Now, more than ever, organizations need effective employee service solutions that empower businesses to improve employee productivity and reduce risk.

Our best-in-class data and unified endpoint management and security capabilities, in concert with Salesforce’s robust development platform, workflow capabilities, and third-party ecosystem, will support a new way of delivering employee service management in an increasingly remote-working world. Through this partnership, Salesforce will leverage the power of the Tanium platform to help IT teams gain comprehensive visibility and control of their employees’ endpoints.

Using Tanium, joint customers will have the ability to:

  • Reliably manage IT assets
  • Proactively remediate incidents
  • Help IT leaders make decisions using real-time, accurate, and comprehensive endpoint data
  • Improve productivity for employees and help desk engineers

“With the shift to an all-digital, work-from-anywhere world where employees are using personal Internet connections to connect to company networks, it’s even more critical that IT can ensure employee devices are secure, patched, updated, and compliant,” said Sarah Franklin, EVP and GM, Platform, Trailhead and AppExchange at Salesforce.

“Companies need to invest in the right IT infrastructure to ensure their technology assets are stable and secure. I’m excited to be partnering with Tanium to build an employee service solution that will accelerate IT automation and empower employees to do their best work.”

“Walmart is a company of 2.3m associates in 12,000 stores across the world,” said Doug McMillon, president and CEO, Walmart Inc.

“When the pandemic hit, it was incredible how our employees responded, and also how our technology enabled that response, especially our transition to new ways of working virtually. What we found out as we started working from anywhere was that it helped us focus on the things that had the greatest impact for our customers.

“We didn’t just get by working virtually, we actually thrived, and I’m glad we had partners like Salesforce and Tanium who helped our tech teams make that possible in a secure way.”

Our partnership with Salesforce is a reflection of Tanium’s ongoing commitment to deliver value at scale for our customers. Our vision is to help organizations leverage the power of the Tanium platform to reduce IT complexity, improve efficiency, and align IT operations and security teams.

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