Story image

Cloudera completes Hortonworks merger

07 Jan 19

Cloudera has officially completed its buyout of enterprise data management firm Hortonworks, bringing a new chapter for enterprise data cloud and open source platforms.

As of January 4, Hortonworks merged with Cloudera to create enterprise data cloud that unlocks “the power of any data, running in any cloud from the edge to AI, on a 100% open-source data platform”, the company says. 

Cloudera chief executive officer Tom Reilly it is the start of an exciting new chapter for Cloudera as it strives to be a leading enterprise data cloud provider.

“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.”

“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.”

The two companies first unveiled the merger plans back in October 2018, as part of a definitive agreement in which the companies combined in an all-stock merger of equals.

“Our businesses are highly complementary and strategic. By bringing together Hortonworks’ investments in end-to-end data management with Cloudera’s investments in data warehousing and machine learning, we will deliver the industry’s first enterprise data cloud from the edge to AI,” Reilly said in October.

“This vision will enable our companies to advance our shared commitment to customer success in their pursuit of digital transformation.”

The merger is expected to generate significant financial benefits including US$720 million in revenue, and more than 2500 customers. 

"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,” Reilly adds.

In October, Hortonworks chief executive officer Rob Bearden also commented that the merger will create value for stockholders.

Bearden also said the merger will “allow customers, partners, employees and the open source community to benefit from the enhanced offerings, larger scale and improved cost competitiveness inherent in this combination”.

“Together, we are well positioned to continue growing and competing in the streaming and IoT, data management, data warehousing, machine learning/AI and hybrid cloud markets. Importantly, we will be able to offer a broader set of offerings that will enable our customers to capitalise on the value of their data.”

Hortonworks stockholders received 1305 common shares of Cloudera for each Hortonworks stock share they owned.

LogicMonitor launches container monitoring solutions
Kubernetes monitoring and LM Service Insight provide performance analytics and data retention for microservices and containerised applications.
InfluxData aims to accelerate growth with new sales executives
As time-based data is generated at exponential rates from increased use of DevOps and IoT sensors, companies are requiring more advanced performance tools to analyze their complex environments. 
Commvault fully integrates backup with Cisco Hyperflex
Its IntelliSnap technology has been validated to work with Cisco HyperFlex hyper-converged systems without the need for third-party tools.
Huawei continues 5G trails despite interational concern
Huawei completed the 5G NR test at 2.6GHz spectrum in the 5G trial organised by the IMT-2020 (5G) Promotion Group. 
Experts comment on record 772mil-user data breach
Dubbed “Collection #1”, the data set contains emails and passwords with over a billion unique combinations of email addresses and passwords.
McAfee Gartner Customers’ Choice for Secure Web Gateway
“We take great pride in being recognised by our customers on Gartner Peer Insights, and their willingness to recommend McAfee Web Gateway technology”
Why flexible working could make good business sense
“You can always give it a go on a trial basis. If it’s not working, be honest."
Top risk facing organisations? Why, it’s an IT talent famine
For some time there has been talk about how the IT industry is crying out for new talent and skills, which a lot of people have glossed over. But now Gartner says it is a harsh reality.