Cloudera

Cloudera provides an enterprise cloud for working with any data and solving various problems - from peripheral computing to artificial intelligence.

History

2021: KKR & Co. and Clayton Dubilier & Rice bought Cloudera for $4.7 billion

In early June 2021, investment companies KKR & Co. and Clayton Dubilier & Rice announced the purchase of cloud provider Cloudera, which as a result of the transaction will become a non-public company. The transaction is estimated at $4.7 billion, Cloudera's market capitalization as of May 31, 2021 was $3.7 billion.

According to TechCrunch, Cloudera will be purchased at a price of $16 per share. Cloudera hopes that the deal with private investment companies will help provide it with additional financial resources to move to a more modern approach in the processing of large amounts of data, as over time users of Apache Hadoop tools, which are supplied by Cloudera, began to move to the use of innovative technologies, including data lakes.

KKR & Co. and Clayton Dubilier & Rice bought Cloudera for $4.7 billion

We believe that as a private company with the knowledge and support of experienced investors such as CD & R and KKR, Cloudera will have the resources and flexibility to drive growth through products and expand market opportunities. Both companies will allow our customers to simplify and accelerate the payback of their data initiatives, which will lead to a deeper understanding, faster innovation and closer interaction with customers and partners, "said Cloudera CEO Rob Bearden in a statement.

To modernize its big data approach, Cloudera also made several purchases of its own. The company acquired Datacoral, a startup that abstracts the infrastructure needed to create a data pipeline without using code. It also acquired Cazena, a startup that helps customers create data lakes in the cloud. Bearden believes that the tools integrated within the merger already allow Cloudera to reposition itself in the market for big data services with self-service functions.^[1]

2020

Repurchase of own shares from Intel for $314 million

On December 23, 2020, Cloudera announced the repurchase of all its shares from Intel for $314 million. We are talking about about 26 million securities that were purchased by the developer of the corporate cloud at a price of $12.05 apiece.

This statement contributed to the rise in Cloudera quotes - by the close of the exchange they rose 2.5%, and at electronic trading there was another 1.1% increase. The cost of one security of the company by December 23, 2020 amounted to $15. Intel's quotations also rose, despite the fact that the corporation's investments in Cloudera, apparently, were unsuccessful.

Intel invested $742 million in Cloudera. It turns out that the company lost about $428 million on these investments. As noted by Barron's, as part of the investment, Intel bought Cloudera shares at a price twice the price paid by other investors a few weeks earlier.

Cloudera bought back its shares from Intel for $314 million

At first, Intel acquired 11.99 million shares of Cloudera for $30.92 per paper, which at the time of the transaction corresponded to 5% of the money held by the semiconductor giant. The price was twice the IPO mark in 2017 - then the IT company held an initial public offering, selling shares for $15.

Barron's publication says that, according to media reports, Intel tried to attract potential buyers to Cloudera, but those "scared off" the high valuation of the startup ($4.1 billion).

An Intel representative in a conversation with the publication said that the company decided to sell a stake in Cloudera after the company announced plans to repurchase the shares. The reason for the sale at Intel was not named. Probably, the decision to withdraw from Cloudera's capital is part of a plan to get rid of Intel's non-core assets and acquire small developers to develop artificial intelligence technologies and other projects.^[2]

TAdviser interview with Senior Engineering Manager Florian von Walter

In October 2020, Cloudera's senior manager of engineering solutions in Germany, Austria, Eastern Europe and Russia in an interview with TAdviser spoke about what cloud technologies give business, why interest in them is only increasing and whether it is possible to develop without them in the new digital world. More details here.

2018: Merger with Hortonworks

Old Cloudera Logo

Cloudera and Hortonworks - two large companies competing in the big data market - announced their upcoming merger, SiliconANGLE said on October 3, 2018. The total turnover of the structure formed as a result of the transaction will be about $720 million per year, and its future value is estimated at $5.2 billion. More details here.

2015

According to information as of April 2015, the American company Cloudera positioned itself as a developer of connecting software and offered companies a ready-made solution for storing, processing and analyzing large volumes of enterprise data.

Cloudera solutions enable their users to increase business efficiency by creating new methods for extracting useful information from super-large data sets.

Cloudera became the first company and, as of April 2015, remains the leading supplier and supporter of the Hadoop project. Cloudera also provides software for storing, accessing, managing, analyzing, protecting, and retrieving information. With the growing popularity of big data technologies, Cloudera has been repeatedly noted as one of the most promising companies capable of solving problems that require the use of Big Data technologies.

2014

Intel and Cloudera announced the start of a partnership. Intel invests in Cloudera's equity, which will make the corporation the largest shareholder of the company and a member of its board of directors. This project is Intel's largest and only investment in data center technology in its history. The deal will bring together Cloud's industry-leading ON platform-based analytics management Apache Hadoop and advanced Intel Xeon-based data center architecture. The challenge is to accelerate the implementation of solutions for "" big data with open source Apache Hadoop.

Cloudera will develop and optimize Cloudera's Distribution including Apache Hadoop (CDH) for Intel architectures as the primary platform. Support will be provided for switching, flash, and Intel security solutions. Intel will promote CDH and Cloudera Enterprise to its customers as a priority Hadoop platform and focus its technical and marketing resources on a joint roadmap. Intel's Distribution for Apache Hadoop/Intel Data Platform (IDH/IDP) optimizations will be integrated into CDH and IDH/IDP. The transition will take place at the end of March after the release of version 3.1. To ensure that customers can easily migrate to CDH, Intel and Cloudera will work together to develop a dedicated migration solution.

Working with Cloudera will improve Intel's data center and Internet of Things initiatives by enabling customers to manage and analyze data from sources ranging from sensors to gateways and other devices.

Both companies support a community of open source solution developers who have actively participated in the Hadoop project. Companies will also implement joint strategies to bring products to market.

Hadoop project has fundamentally changed the perception of the data," said Tom Reilly, chief executive of Cloudera. - Our ability to store, process and analyze all types of data provides new opportunities for business and social and economic environments. Working with Intel, the industry leader in data center technology development, enables us to leverage Hadoop solutions into a new platform. This will significantly improve the speed of data analysis. Intel's drive to create open, high-performance "big data" solutions is fully in line with our drive to help companies succeed. "

2008: Foundation of the company

Cloudera was founded in 2008.

Notes