Once fierce rivals, Cloudera and Hortonworks have completed their merger on Thursday, becoming the largest enterprise data analytics provider in the Hadoop open-source software ecosystem. The two companies announced their merger in October.
Cloudera CEO Tom Reilly is leading the business and Hortonworks CEO Rob Bearden has joined its board of directors. The new company, which will be called Cloudera Inc., is now ready to take on its big competitor Amazon Web Services Inc.
“Today, we start an exciting new chapter for Cloudera as we become the leading enterprise data cloud provider,” Tom Reilly said. “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 with 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.”
In addition, leading independent research firm Forrester noted1 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 deliver the first enterprise data cloud – unlocking the power of any data, running in any cloud from the Edge to AI, on a 100% open-source data platform. 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.
Highlights of the Cloudera Hortonworks merger agreement
- Establish the next generation data platform leader with increased scale and resources to deliver the industry’s first enterprise data cloud, providing the ease of use and elasticity of the public cloud from the data center, to the Edge and everywhere in between
- Create a superior unified platform and clear industry standard from the Edge to AI, substantially benefiting customers, partners, and the community
- Accelerate market development and fuels innovation in IoT, streaming, data warehouse, hybrid cloud, machine learning/AI
- Expand market opportunity with complementary offerings, including Hortonworks DataFlow and Cloudera Data Science Workbench
- Enhance partnerships with public cloud vendors and systems integrators
- Expected to generate significant financial benefits and improved margin profile:
- Approximately $720 million in revenue
- More than 2,500 customers
- More than 800 customers over $100,000 ARR
- More than 120 customers over $1 million ARR
- More than $125 million in annual cost synergies
- More than $150 million cash flow in CY20
- Over $500 million cash, no debt
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 on January 10, 2019, at 10:00 a.m. PT / 1:00 p.m. ET to discuss how the new Cloudera is poised to accelerate innovation and deliver the industry’s first enterprise data cloud.