(Bloomberg) — Tanium Inc., a cybersecurity computer software maker that was valued at extra than $9 billion in 2020, has decided on Dan Streetman to succeed co-founder Orion Hindawi as chief executive officer.

As part of the system and in assistance of Streetman, Hindawi will stay lively in the small business and come to be executive chairman, in accordance to a statement confirming a Bloomberg Information report previously Wednesday. Hindawi, who beforehand had apologized for being “hard-edged,” will emphasis on approach and tech innovation in his new role. 

David Hindawi, Orion’s father and also a co-founder of Tanium, will acquire on the position of chairman emeritus likely forward. 

“Founding and main Tanium as its chief govt officer has been an honor, both individually and skillfully,” Orion Hindawi claimed in the statement. “Dan is a chief who shares our values, and I am very pleased that he is coming aboard to help generate the subsequent chapter of Tanium’s tale. I have full self-assurance in his eyesight and his potential to responsibly nurture our organization’s expansion.”

Streetman, an market veteran based mostly in San Francisco, was most a short while ago CEO of Allvue Systems, the private money concentrated program business owned by Vista Equity Companions. He was also the CEO of Tibco Software program Inc. from 2019 right up until its merger with Citrix Systems in September.

“Dan is an exceptional chief with a proven keep track of history of doing the job with founders to provide extraordinary success,” Ben Horowitz, co-founder of Andreessen Horowitz and a Tanium board member, told Bloomberg News. “I am confident he is the correct particular person to serve as the subsequent CEO.”

Tanium was launched in 2007 by the father-son duo as a cybersecurity program developer for clients to pinpoint their network vulnerabilities. More than the past 10 years, the Kirkland, Washington-based company has captivated a lot more than $900 million in funding from investors these as Andreessen Horowitz, TPG Money, Salesforce Ventures and Ontario Teachers’ Pension Prepare Board. It was final valued at extra than $9 billion in a funding spherical in 2020. It is not crystal clear what its recent valuation is. 

The software program maker’s clients include things like an array of residence names such as Barclays Plc, Chevron Corp. and Cigna Corp., in accordance to its internet site. The enterprise has brazenly flirted with going community considering the fact that 2016. 

The subsequent calendar year, Orion Hindawi apologized for his procedure of subordinates that led to an exodus of prime executives. “It is legitimate that I personally can be tricky-edged, and that I’ve had to apologize to folks at Tanium when I’ve gotten as well sharp at times,” Hindawi wrote in a weblog that April.

Hindawi’s apology at the time also included Tanium’s salespeople employing the personal computer network of a client hospital with out its authorization when pitching possible customers.

According to Streetman’s LinkedIn profile, the incoming CEO’s skills spans all verticals of the program sector which includes economical expert services, telecom, protection, vital company and purchaser products. He graduated with a diploma in nationwide safety method from the US Navy Academy at West Place and received an MBA from Harvard Business College. Streetman served as an officer in the US Army and has accomplished a dozen Ironman triathlons.

Streetman mentioned in the assertion that major Tanium was an huge option and that he is “deeply dedicated to furthering its mission to offer certainty in uncertain times.”

(Updates with consumers in eighth paragraph.)

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