PALO ALTO, Calif., Jan. 3, 2019 /PRNewswire/ -- Cloudera, Inc.
(NYSE: CLDR), 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
noted1 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.
Cloudera executives will host a virtual event on January 10, 2019 at 10:00
a.m. PT / 1:00 p.m. ET to
discuss how the new Cloudera is poised to accelerate innovation and
deliver the industry's first enterprise data cloud. Register
now.
About Cloudera
At Cloudera, we believe that data can make what is impossible
today, possible tomorrow. We empower people to transform complex
data into clear and actionable insights. Cloudera delivers an
enterprise data cloud for any data, anywhere, from the Edge to AI.
Powered by the relentless innovation of the open source community,
Cloudera advances digital transformation for the world's largest
enterprises. Learn more at cloudera.com.
Cloudera and associated marks are trademarks or registered
trademarks of Cloudera, Inc. All other company and product names
may be trademarks of their respective owners.
Connect with Cloudera
About Cloudera: cloudera.com/about-cloudera.html
Read our VISION blog: vision.cloudera.com/ and Engineering blog:
blog.cloudera.com/
Follow us on Twitter: twitter.com/cloudera and LinkedIn:
linkedin.com/company/cloudera/
Visit us on Facebook: facebook.com/cloudera
See us on YouTube: youtube.com/user/clouderahadoop
Join the Cloudera Community: community.cloudera.com/
Read about our customers' successes:
cloudera.com/more/customers.html
1 Cloudera And Hortonworks Merger: A Win-Win For
All, by Noel Yuhanna, October 4, 2018, Forrester Blogs
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SOURCE Cloudera, Inc.