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

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

Merger to ‘enhance’ partnerships with public cloud vendors and systems integrators

Tom Reilly (Cloudera)

Tom Reilly (Cloudera)

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.”

As reported by Channel Asia in October, the all-stock merger will see Cloudera stockholders own approximately 60 per cent of the equity of the combined company and Hortonworks stockholders approximately 40 per cent.

Furthermore, the combined forces of Cloudera and Hortonworks will generate approximately US$720 million, working with more than 2,500 customers.

The merger is also expected to ‘enhance’ partnerships with public cloud vendors and systems integrators, according to the initial announcement.

As a result, Cloudera hopes to launch an enterprise data cloud to harness data running in any cloud from the edge to AI, on a 100 per cent open-source data platform.

The enterprise data cloud will support both hybrid and multi-cloud deployments, providing enterprises with the flexibility to perform machine learning and analytics with their data with no lock-in.

“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,” noted research firm Forrester. “We believe that it is a win-win situation for customers, partners, and the vendors.”


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags mergerclouderaHortonWorks

Featured

Slideshows

Reseller News Platinum Club celebrates leading partners in 2019

Reseller News Platinum Club celebrates leading partners in 2019

The leading players of the New Zealand channel came together to celebrate a year of achievement at the annual Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months.

Reseller News Platinum Club celebrates leading partners in 2019
Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosted its second annual alumnae breakfast for the Women in ICT Awards in New Zealand, designed to showcase the leading female leaders in the industry. Held at The Cordis in Auckland, attendees came together to hear inspiring keynotes and panel discussions, alongside high-level networking among peers. Photos by Gino Demeer.

Reseller News hosts alumnae breakfast for Women in ICT Awards
Reseller News Innovation Awards 2019: meet the winners

Reseller News Innovation Awards 2019: meet the winners

Reseller News honoured the standout players of the New Zealand channel in front of more than 480 technology leaders in Auckland on 23 October, recognising the achievements of top partners, emerging entrants and innovative start-ups.

Reseller News Innovation Awards 2019: meet the winners
Show Comments