Cloudera, Hortonworks Complete $5.2 Billion Merger

 

A little more than three months ago, Cloudera and Hortonworks announced that they had an agreement under which the companies will combine in an all-stock merger of equals. Now the merger has been completed. The combined company will deliver and end-to-end data platform, spanning on-premises and multi-cloud, from the edge to AI. 

“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.”

Research firm Forrester noted 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.