Cloudera explores sale after talks with potential buyers

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Data management specialist Cloudera is looking at potentially selling the company after several talks with multiple potential buyers.

According to Bloomberg, the company hired a financial advisor to take a look at the various options. However, sources also stress that nothing has been decided yet about a potential sale of the company.

Despite the lack of details, the news that Cloudera is considering selling the company was enough to give Cloudera a 22 percent boost on the stock market. The company closed the day with an increase of 18.6 percent, or 12 dollars per share, representing a total market value of approximately 3.6 billion dollars (3.2 billion euros).

Cloudera is the last of three Hadoop distributors established at the beginning of the previous decade. The company previously acquired its direct competitor Hortonworks. In recent years, Cloudera has shifted its focus towards the Cloudera Data Platform, and the company provides tools for managing and analysing data.

Potential sale comes as no surprise

According to Silicon Angle, it is not entirely unexpected that the company is considering putting itself on the market. In January, former Hortonworks CEO Rob Bearden was appointed as CEO, which many people suggested is part of a strategy to sell the company.

Pressure from investors may also play a role in the decision. Last year, activist investor Carl Icahn appointed two directors to the board. This was also seen by analysts as Icahn steering the company towards a possible sale.