The U.S. Department of Defense (DoD) Office of the Inspector General (OIG) has launched an audit to find out if the proper processes were followed in relation to federal contracts awarded to endpoint security and systems management provider Tanium, according to a prepared statement. OIG's audit comes after Tanium and channel partner World Wide Technology (WWT) in October were awarded a $750 million-ceiling contract open to all federal agencies.OIG initiated its audit last month after it received a tip via the DoD's hotline, Bloomberg reported. It is auditing the U.S. Army, U.S. Air Force and Defense Innovation Unit Experimental (DIUx).Tanium is not involved in the OIG audit, a company spokesperson told Bloomberg. OIG is reviewing federal procurement processes rather than vendor actions, the spokesperson noted, and Tanium is "confident" that its portion of all transactions has been conducted appropriately.TPG Growth, an American investment firm, last month invested $175 million in Tanium, Reuters reported. The deal represented TPG's third investment in Tanium and raised the company's total valuation to approximately $5 billion.Tanium is considering an initial public offering (IPO), according to Reuters. It also may sell $25 million of additional stock to existing investors besides TPG.
Channel partners, Channel markets, Security Program Controls/Technologies, Endpoint/Device Security, Vertical markets
US DoD Audits Process for Tanium Federal Endpoint Security Contracts
Dan Kobialka
Dan Kobialka is senior contributing editor, MSSP Alert and ChannelE2E. He covers IT security, IT service provider business strategies and partner programs. Dan holds a M.A. in Print and Multimedia Journalism from Emerson College and a B.A. in English from Bridgewater State University. In his free time, Dan enjoys jogging, traveling, playing sports, touring breweries and watching football.
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