Data analytics firm Cloudera taken private for $4.7B USD

www.itnews.com.au

The article itself isn't super-interesting, it's the headline that's relevant. Couple of thoughts:

  • Cloudera and Hortonworks merged back in 2018. The line from the press release then: this transaction "will create the world’s leading next generation data platform provider." These were the two biggest pure-play companies in the Hadoop ecosystem combined into a single entity. The merger valued the combined entity at $5.2B USD.
  • The company has decreased in value by $.5B over the past three years.
  • Cloudera's revenue is in the same ballpark as both Snowflake and Databricks, but it's totally flat. Both SF and DB are growing revenue at >100% / year.

This is an incredibly clear nail in the Hadoop coffin.

Read more...
Linkedin

Want to receive more content like this in your inbox?