Tech

$9 billion cybersecurity firm Tanium just announced its new CFO as it assesses whether it’s ready to IPO

  • $9 billion cybersecurity startup Tanium announced Thursday that it hired Marc Levine as its new CFO.
  • Levine has previously served as CFO of RSA Security and C3.ai.
  • Tanium CEO Orion Hindawi told Insider in April the firm had hired a CFO to do a “readiness assessment” for an IPO.
  • See more stories on Insider’s business page.

The $9 billion cybersecurity startup Tanium has announced its new chief financial officer.

Tanium said Thursday that it has appointed Marc Levine as its new CFO to lead its global finance organization and other finance-related operations, effective May 17. Most recently, Levine served as CFO of RSA security where he helped the company transition from being a Dell subsidiary to an independent operation. Levine worked as CFO at artificial intelligence firm C3.ai, Athenahealth, and JDA Software (now Blue Yonder). Besides that, he spent 25 years at Hewlett-Packard.

Tanium has debated going public for years. Insider reported last month that Tanium had hired a new CFO to do a “readiness assessment” to determine whether the 14-year-old company should begin the process of going public, although the company didn’t name the executive at the time. 

“As Tanium continues to scale, I look forward to working with the team to deliver on the company’s strategic priorities and focus on the operational levers of finance to drive value for our customers, our employees and other stakeholders,” Levine said in a statement

Levine isn’t Tanium’s first CFO. Its most recent CFO — Jim Jackson — had previously taken two companies public but left abruptly in November after working at Tanium for ten months. Former co-CEO Fazal Merchant took the CFO role from 2017 to 2019 and left the company in September 2020, although he remains as a board member of Tanium. Before that, Eric Brown, who served from 2014 to 2017, held the role. 

Salesforce Ventures backs Tanium, among other ventures firms, and that startup announced last October that it raised $150 million in new funding from firms like Fidelity Management & Research Company and Baillie Gifford. In total, it has raised $982.79 million, with a valuation of over $9 billion, according to PitchBook. Orion Hindawi, co-founder and CEO of Tanium told Insider last November that it was on track to book $600 million in annual revenue for the year.

Former employees of Tanium previously told Insider that they doubted whether the company would ever actually go public. Many former employees also told Insider that they no longer have Tanium shares, since the company exercised a clause allowing it to buy them back, although Tanium said last month that it would stop this practice. Former employees also told Insider that they had been receiving messages from other firms to buy their shares.

Tanium’s slow path to the public markets isn’t entirely unique: Recently, other major cybersecurity startups have been waiting longer to IPO.

Do you work at Tanium? Got a tip? Contact this reporter via email at [email protected], Signal at 646.376.6106, Telegram at @rosaliechan, or Twitter DM at @rosaliechan17. (PR pitches by email only, please.) Other types of secure messaging available upon request.



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