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Cloudera And Hortonworks Merge

Submitted by Roy Schestowitz on Saturday 5th of January 2019 02:32:41 PM Filed under
OSS
  • Cloudera And Hortonworks Merge To Take On Amazon

    Data software companies Cloudera and Hortonworks have combined to take on Amazon, according to a report from CNBC.

    Both companies were rivals vying for market dominance and hemorrhaging cash as they tried to attract businesses and outdo each other, but now they can focus on taking on the online giant itself.

    Cloudera and Hortonworks are two popular vendors of Hadoop open-source software, which can analyze, store and process a lot of different data. When the merger was announced in October, it was valued at $5.2 billion. However, the new company, which will be called Cloudera, is worth $3 billion.

  • Cloudera-Hortonworks Merger a Done Deal

    “Today, we start an exciting new chapter for Cloudera as we become a leading enterprise data cloud provider,” said Tom Reilly, CEO of Cloudera. “This combined team and technology portfolio establish the new Cloudera as a clear market leader with the scale and resources to drive continued innovation and growth.”

    The two open-source vendors both focus on Hadoop distributions, but Cloudera’s vision is to become an enterprise data cloud provider on a 100 percent open-source data platform.

  • Cloudera and Hortonworks finalize their merger

    Cloudera and Hortonworks, two of the biggest players in the Hadoop big data space, today announced that they have finalized their all-stock merger. The new company will use the Cloudera brand and will continue to trade under the CLDR symbol on the New York Stock Exchange.

    “Today, we start an exciting new chapter for Cloudera as we become the leading enterprise data cloud provider,” said Tom Reilly, chief executive officer of Cloudera, in today’s announcement. “This combined team and technology portfolio establish the new Cloudera as a clear market leader with the scale and resources to drive continued innovation and growth. We will provide customers a comprehensive solution-set to bring the right data analytics to data anywhere the enterprise needs to work, from the Edge to AI, with the industry’s first Enterprise Data Cloud.”

    The companies describe the deal as a “merger of equals,” though Cloudera stockholders will own about 60 percent of the equity in the company.

»

Belated Merger Coverage

Submitted by Roy Schestowitz on Sunday 13th of January 2019 01:10:49 PM.
  • Cloudera CEO outlines the 'new Cloudera Data Platform'

    As expected, the newly merged Cloudera and Hortonworks will operate under the Cloudera brand, and is aiming to start moving customers to a new, unified Cloudera Data Platform, while also committing to hybrid and multi-cloud deployments and remaining '100 percent open source'.

    Back in October last year the rivals announced that they would be merging via an "all-stock merger of equals" bringing together two once red-hot heavily VC-backed unicorns that have both struggled to effectively monetise their open source-backed data solutions.

    At the time we didn't know how the new company would be branded but now we know it will be called Cloudera, with the Hortonworks branding hitting the scrapheap. This reflects what we wrote at the time: "Cloudera is the alpha dog in this negotiation, with Cloudera stockholders due to own approximately 60 percent of the equity of the combined company and Cloudera's CEO Tom Reilly leading the newly joint business, with Bearden joining the board of directors."

  • Cloudera completes Hortonworks merger, creates open-source ‘powerhouse’

    Cloudera has completed its planned US$5.2 billion merger with Hortonworks, creating an open-source powerhouse to build the industry's first enterprise data cloud in the process.

    “Today, we start an exciting new chapter for Cloudera as we become the leading enterprise data cloud provider,” said Tom Reilly, chief executive officer of Cloudera.

    “This combined team and technology portfolio establish the new Cloudera as a clear market leader with the scale and resources to drive continued innovation and growth.

    “We will provide customers a comprehensive solution-set to bring the right data analytics to data anywhere the enterprise needs to work, from the Edge to AI, with the industry’s first Enterprise Data Cloud.”

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