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10 Security Companies To Watch In 2018

Michael Novinson

Tanium

Tanium has also been rumored to be a prime candidate for an initial public offering, but the company instead in May moved ahead with secondary share sales, allowing its co-founder, early investors and employees to cash out $100 million worth of stock.

The largest buyer of stock was private equity firm TPG, with late-stage venture firm IVP and others buying in at smaller amounts. Half of the sale proceeds will go to David Hindawi, Tanium’s co-founder, executive chairman and father of CEO Orion Hindawi, who said he wants the money for charity.

Hindawi told City A.M. in September that the secondary share sales were an interim solution for liquidity, not a long-term one, and that going public will eventually be the right thing for the company to do.

 
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