Cloudera and Hortonworks Complete Planned Merger
Posted on: 04/Jan/2019 11:20:58 AM - No. of views : (3085)
Cloudera, Inc. , the enterprise data cloud company, today announced completion of its merger with Hortonworks, Inc. Cloudera will deliver the first enterprise data cloud - unlocking the power of any data, running in any cloud from the Edge to AI, on a 100% open-source data platform. An enterprise data cloud supports both hybrid and multi-cloud deployments, providing enterprises with the flexibility to perform machine learning and analytics with their data, their way, with no lock-in.
�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.�
In addition, leading independent research firm Forrester noted[1] that, �this merger...will raise the bar on innovation in the big data space, especially in supporting an end-to-end big data strategy in a hybrid and multi-cloud environment. We believe that it�s a win-win situation for customers, partners, and the vendors."
Cloudera will continue to trade on the New York Stock Exchange under the symbol �CLDR�. Hortonworks stockholders received 1.305 common shares of Cloudera for each share of Hortonworks stock owned.
