NEW YORK (TheStreet) --Tanium is a cybersecurity start-up seeking to make IT systems more secure for enterprises. It is one of the fastest-growing software companies in the industry, and recently announced its intentions of making an initial public offering.
Some of the Emeryville, CA-based software company's customers include eBay (EBAY) , MGM Resorts (MGM), Best Buy (BBY), NASDAQ, GoDaddy (GDDY), Target (TGT), Amazon.com (AMZN), and Verizon (VZ).
Tanium co-founder and CEO Orion Hindawi appeared on Monday morning's "Squawk Alley" on CNBC to discuss the decision to take Tanium public and why he believes recent security breaches are preventable.
"We started this company always with the goal of taking it and becoming a really meaningful company long-term. I don't think you can do that as effectively as part of an acquisition," Hindawi said about the decision to go public.
He believes the company has no choice but to make a public offering if long-term interests by both employees and customers are to be met.
Hindawi also believes the computer security industry continues to fail its market, partly by shifting focus to advanced threats and nation states.
"Really when you look at a lot of these attacks that are hitting our customers, they're really prosaic run-of-the-mill attacks that are exploiting known vulnerabilities that people aren't patching," he explained.
The simple holes in systems' security networks are the same issues the industry has been tackling for 20 years. There has been no significant change in the attacker. Rather, basic computer "hygiene" (protecting and maintaining systems) is not being met, he noted.
"That's exactly what Tanium is designed to address," Hindawi said.