Cloudera to Merge with Hortonworks

Cloudera, Inc (NYSE: CLDR) and Hortonworks, Inc (Nasdaq: HDP) jointly announced on October 3 their agreement to enter into an all-stock merger of equals. The deal is expected to close later this years and will be worth nearly $2b. Qatalyst Group and Morgan Stanley will serve as financial advisers for this agreement. Rob Bearden, CEO at Hortonworks, believes this merger will allow the companies to become more competitive in the data management, machine learning, AI, and hybrid cloud markets. Hortonworks shareholders will own approximately 40% of the company’s equity while Cloudera shareholders will own approximately 60%. Tom Reilly, CEO at Cloudera, believes Hortonworks’ investments in end-to-end data management will combine with Cloudera’s investments in machine learning and data warehousing to contribute the first enterprise data cloud from the Edge to AI.


Please enter your comment!
Please enter your name here