Sources: Tanium Rejected Acquisition Bids From VMware, Palo Alto, Vows To Stay Single

Red-hot security startup #Tanium received acquisition bids from both #VMware and #PaloAlto Networks last fall, sources familiar with the offers told CRN.

VMware's bid to acquire Tanium, which was rejected by the company, came shortly before the startup raised $120 million in additional venture capital funding last September, which gave it a valuation of $3.5 billion, one source with knowledge of the offer said. That funding added to the $52 million it had raised from Andreessen Horowitz earlier in the year, bringing the Emeryville, Calif.-based company's pool of venture capital funding to date to $262 million.

Sources said Tanium's lofty valuation, combined with Dell's $67 billion bid in October to acquire VMware parent EMC, prevented the acquisition talks from progressing further. VMware declined to comment on the bid.

http://m.crn.com/news/virtualization/300081068/sources-tanium-rejected-acquisition-bids-from-vmware-palo-alto-vows-to-stay-single.htm?itc=ticker