After years of sluggish income and revenues, huge knowledge vendor Cloudera stated right this moment that it’s going personal in a $5.3 billion all-cash deal that may see the seller acquired by personal fairness corporations Clayton, Dubilier & Rice and KKR.
Cloudera, based mostly in Santa Clara, Calif., went public in 2017 on the New York Inventory Alternate on the peak of the Hadoop huge knowledge growth that it helped lead. In 2018, Cloudera merged with Hadoop rival Hortonworks in a take care of a mixed worth for the businesses of roughly $5.2 billion.
Within the years since, Cloudera’s worth has barely expanded, as Hadoop has misplaced favor amid the rise of cloud infrastructure for knowledge administration.
Additionally right this moment, Cloudera stated it’s buying privately held SaaS distributors Datacoral and Cazena. Monetary phrases of the acquisitions weren’t disclosed.
Datacoral, based mostly in San Francisco, is a knowledge pipeline engineering specialist that has raised $14 million in funding.
Cazena, based mostly in Waltham, Mass., has developed an instantaneous knowledge lake service and raised $38 million in funding.
Together with the acquisition information, Cloudera launched its first quarter fiscal 2022 monetary outcomes reporting income of $224.3 million for a 7%