Tanium cofounder and CEO Orion Hindawi.
AP Photo/Jeff Chiu
Former Tanium employees say they have been receiving messages from firms asking to buy their shares. Four former employees said they received messages from Next Round Capital Partners, which did not respond to requests for comment. Some employees don’t have shares to sell anyway, after Tanium exercised a clause to buy back their shares. See more stories on Insider’s business page.
Former employees of the $9 billion cybersecurity firm Tanium are getting LinkedIn messages and emails from firms asking to buy their shares.
Tanium, which is backed by investors like Salesforce Ventures, Fidelity and T. Rowe Price, has raised over $900 million, with a valuation of over $9 billion, it said. Tanium cofounder and CEO Orion Hindawi has gone back and forth on going public for years, although he told Insider last week that the company has hired a CFO to assess whether it’s ready for an IPO.
Three former employees previously told Insider that they thought the company would never go public, and one even said one of the top reasons employees leave is that they don’t believe that Tanium will ever go public.
Now it appears that some firms are using this opportunity to contact employees who might want to cash out their shares. In the past month, a firm called Next Round Capital Partners has reached out to former Tanium employees asking to buy their shares, four former Tanium employees told Insider.
According to its website, Next Round Capital Partners is a private markets advisory firm. It was founded last September by Ken Smythe, formerly a managing director at Artist Capital. Insider reached out several times to the firm and its employees, but they did not respond.
The firm made different offers to different employees, according to screenshots viewed by Insider. Some messages just asked if the former employees had shares to sell, saying the firm was seeking “a target size” of $2 million to $5 million worth