Merger Cloudera and Hortonworks completed

Merger Cloudera and Hortonworks completed

Cloudera and Hortonworks, two of the biggest players when it comes to Hadoop big dates, announced today that they have now completed their merger. The new company uses the name Cloudera and will continue to trade under the CLDR symbol on the New York Stock Exhcange.

Tom Reilly, CEO of Cloudera, states in a statement that the merger is the beginning of an exciting new chapter for his company. This combined team and technology portfolio establishes the new Cloudera as a clear market leader with the scale and resources needed to ensure continued innovation and growth.

Aggregation of equals

The merger between Cloudera and Hortonworks is described by the companies as a merger of equals. At the same time, Cloudera’s shareholders hold a share of just sixty percent in the merged company. Combined, they expect to generate more than $720 million in revenue from 2,500 different customers.

These customers rely on the new Cloudera to manage and process their data. Cloudera takes care of the main infrastructural challenges. Cloudera and Hortonworks both worked in different markets. Hortonworks focused more on the technical user and adopted a true open-source approach. At the same time, Cloudera offered some tools that had to be paid for.

New offer

Hortonworks CEO Rob Bearden said when the deal was announced, that the companies are together in a good position to continue to grow and compete in the streaming and IoT, data management, data storage, machine learning/AI and hybrid cloud markets. The combined offer will help customers to make use of the value of their data.

And Reilly stresses that the company will provide customers with a comprehensive set of solutions to provide the right data analytics for data, wherever the company needs them to work, from the Edge to AI, with the industry’s first Enterprise Data Cloud.

This news article was automatically translated from Dutch to give a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.