Cloudera, announced completion of its merger with Hortonworks. Cloudera will deliver first enterprise data cloud, enabling the unlocking of any data, running in any cloud from the Edge to AI, on a 100% open-source data platform. An enterprise data cloud supports 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. 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.” said Tom Reilly, Chief Executive Officer of Cloudera.
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 to discuss how the new Cloudera is poised to accelerate innovation and deliver the industry’s first enterprise data cloud.
