Tanium Announces Record Revenue Accelerating into FY 2020
Emeryville, Calif., March 4, 2020 – Tanium, provider of unified endpoint management and security built for the world’s most demanding IT environments, capped a landmark fiscal year with increased revenue growth, strengthened partnerships, customer expansion, new leadership team members, and stellar industry recognition.
Financial highlights for FY 2019 (ending January 31, 2020) include the following:
- Revenue grew over 50% year over year, exceeding $430 million, with double-digit adjusted EBITDA and Operating Cash Flow margins
- Customers now include over half of the FORTUNE 100, a majority of top global banks and retailers, and four branches of the US Armed Forces
- Robust hiring growth saw headcount increase more than 50% year-over-year to nearly 1,500 full-time employees
- Customers have purchased Tanium to manage approximately 25 million computing endpoints globally
“The market continues to validate our vision of a unified operations and security platform, and we are very proud of what Tanium achieved in 2019,” said Fazal Merchant, Co-CEO of Tanium. “As 2020 progresses, we will continue to focus on the three things that have been key to Tanium’s success from the beginning: our people, our platform, and our customers.”
Industry recognition, exceptional talent and global office expansion to fuel next stage of global growth
Tanium received several award wins that affirm the organization’s commitment to excellence and to its team members. Among many accolades, Tanium was ranked 7th on the Forbes list of “Top 100 Private Companies In Cloud Computing for 2019,” 10th on FORTUNE’s list of the “100 Best Medium Workplaces,” 8th on the 2020 list of FORTUNE’s “Best Workplaces in the Bay Area”, and 18th on the UK’s Best Workplaces list. Tanium was also honored with the CTO Innovation Award from Morgan Stanley.
In addition, Tanium welcomed new leaders to the team last year including Chris Pick, Chief Marketing Officer, and Thomas Stanley, Chief Revenue Officer. Tanium has also announced the appointment of Jim Jackson, Chief Financial Officer, who joined the company on February 24, 2020. As CFO, Jim is responsible for Tanium’s global finance, accounting, tax, treasury and planning teams, and also for Tanium’s banking, investor, auditor, and analyst relationships.
In the past year, Tanium also opened new regional offices on four continents, expanding to 19 locations across the United States, the United Kingdom, France, the Netherlands, Germany, Australia, Singapore, South Korea and Japan.
New product innovations and world-class partnerships
Tanium announced significant platform and portfolio enhancements reinforcing fundamental capabilities in speed, simplicity, and scale for endpoint management and security. Tanium also launched a new platform module, Performance, to enable organizations to easily monitor, investigate and remediate critical endpoint issues.
Along with new platform enhancements, Tanium announced or expanded several high-profile partnerships, entering into new commercial and strategic integration relationships with Chronicle, Cisco, Cloudflare and vArmour, among others. The company further expanded longtime relationships with PwC, Verizon, and other strategic allies. Tanium also launched Tanium Partner Advantage, a new channel partner program focused on total partner value.
For more information, visit https://www.tanium.com/.
Tanium offers a unified endpoint management and security platform that is built for the world’s most demanding IT environments. Many of the world’s largest and most sophisticated organizations, including more than half of the Fortune 100, top retailers and financial institutions, and four branches of the US Armed Forces rely on Tanium to make confident decisions, operate efficiently and effectively, and remain resilient against disruption. Tanium ranks 7th on the Forbes list of “Top 100 Private Companies in Cloud Computing” for 2019 and 10th on FORTUNE’s list of the “100 Best Medium Workplaces.” Visit us at www.tanium.com and follow us on LinkedIn and Twitter.
Tanium’s statements regarding its plans, directions and intent are subject to change or withdrawal without notice at Tanium’s sole discretion. Information regarding potential future products is intended to outline our general product direction and it should not be relied on in making a purchasing decision. Information about potential future products may not be incorporated into any contract. The information mentioned regarding potential future products is not a commitment, promise or legal obligation to deliver any material, code or functionality. The development, release and timing of any future features or functionality described for our products remains at our sole discretion.
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