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Cloudera

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Cloudera, Inc.
Company typePrivate
IndustrySoftware
Cloud computing
FoundedJune 27, 2008; 16 years ago (2008-06-27)
FoundersChristophe Bisciglia
Amr Awadallah
Jeff Hammerbacher
Mike Olson
HeadquartersSanta Clara, California, U.S.
Key people
Rob Bearden, CEO
Mick Hollison, President
Scott Aronson, COO
ProductsBusiness intelligence tools
Data visualization tools
Analytics tools
Big data tools
Data warehousing tools
ETL tools
RevenueIncrease $869 million (2021)
Increase -$162 million (2021)
Total assetsIncrease $2.508 billion (2021)
Total equityDecrease $1.127 billion (2021)
OwnerClayton, Dubilier & Rice
Kohlberg Kravis Roberts
Number of employees
2,728 (2021)
Websitewww.cloudera.com
Footnotes / references
[1][2]

Cloudera, Inc. is an American software company providing enterprise data management systems that make significant use of Apache Hadoop. As of January 31, 2021, the company had approximately 1,800 customers.[1]

History

Cloudera, Inc. was formed on June 27, 2008, by Christophe Bisciglia (from Google), Amr Awadallah (from Yahoo!), Jeff Hammerbacher (from Facebook), and Mike Olson (from Oracle).[3][4] Awadallah oversaw a business unit performing data analysis using Hadoop while at Yahoo!;[5] Hammerbacher used Hadoop to develop some of Facebook's data analytics applications;[6] and Olson formerly served as the CEO of Sleepycat Software, the company that created Berkeley DB. The four were joined in 2009 by Doug Cutting, a co-founder of Hadoop.[7]

In March 2009, Cloudera released a commercial distribution of Hadoop, in conjunction with a $5 million investment led by Accel Partners.[8] This was followed by a $25 million funding round in October 2010,[9] a $40M funding round in November 2011,[10] and a $160M funding round in March 2014.[11][12][13]

In June 2013, Tom Reilly became chief executive officer of the company, although Olson remained as chairman of the board and chief strategist.[14] Both left the company in June 2019.[15] Rob Bearden was appointed as Cloudera's CEO in January 2020.[16]

In March 2014, Intel invested $740 million in Cloudera for an 18% stake in the company.[17] These shares were repurchased by Cloudera in December 2020 for $314 million.[18][19]

On April 28, 2017, the company became a public company via an initial public offering.[20] Over the next four years, the company's share price declined in the wake of falling sales figures[21] and the rise of public cloud services like Amazon Web Services.[22] In October 2018, Cloudera and Hortonworks announced their merger,[23] which the two companies completed the following January.[24] In October 2021, the company went private after an acquisition by KKR and Clayton, Dubilier & Rice in an all cash transaction valued at approximately $5.3 billion.[25][22]

Cloudera has formed partnerships with companies such as Dell,[26] IBM,[27][28] and Oracle.[29]

Products and services

Cloudera provides the Cloudera Data Platform, a collection of products related to cloud services and data processing. Some of these services are provided through public cloud servers such as Microsoft Azure or Amazon Web Services, while others are private cloud services that require a subscription. Cloudera markets these products for purposes related to machine learning and data analysis.[1]

References

  1. ^ a b c "Cloudera, Inc. 2021 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ "Entity Details". Delaware.
  3. ^ Vance, Ashlee (March 16, 2009). "Bottling the Magic Behind Google and Facebook". The New York Times.
  4. ^ Vance, Ashlee (March 17, 2009). "Hadoop, a Free Software Program, Finds Uses Beyond Search". The New York Times.
  5. ^ Bort, Julie (January 31, 2012). "This Former Yahoo-er's Startup Is So Hot, Even the CIA Invested In It". Business Insider. Archived from the original on February 9, 2012.
  6. ^ Vance, Ashlee (April 14, 2011). "This Tech Bubble Is Different". Bloomberg News.
  7. ^ Handy, Alex (10 August 2009). "Hadoop creator goes to Cloudera". Software Development Times. Archived from the original on 13 March 2012. Retrieved 2011-03-22.
  8. ^ Wauters, Robin (March 16, 2009). "Cloudera Raises $5 Million Series A Round For Hadoop Commercialization". TechCrunch.
  9. ^ "Cloudera Raises $25 Million for Hadoop Development". The New York Times. VentureBeat. October 27, 2010.
  10. ^ "Cloudera Raises $25 Million for Hadoop Development". The New York Times. VentureBeat. October 27, 2010.
  11. ^ Gage, Deborah (March 18, 2014). "Cloudera Raises $160 Million From T. Rowe Price, Other Public-Market Investors". The Wall Street Journal.
  12. ^ "Startup Cloudera raises $160 mln from T Rowe, Google Ventures". Reuters. March 18, 2014.
  13. ^ Schubarth, Cromwell (March 18, 2014). "Big bucks for Big Data: Cloudera raises $160 million". American City Business Journals.
  14. ^ Morgan, Timothy Prickett (June 20, 2013). "Cloudera taps new CEO for inevitable IPO push or acquisition: Former CEO becomes chairman and chief strategist". The Register.
  15. ^ Ari, Levy (June 6, 2019). "Cloudera plummets 43% after CEO abruptly departs and company cuts forecast". CNBC. Archived from the original on 2019-06-06. Retrieved January 22, 2022.
  16. ^ Novet, Jordan (13 January 2020). "Cloudera taps former head of the company it merged with to be its new CEO". CNBC. Retrieved 23 January 2022.
  17. ^ Randewich, Noel (March 31, 2014). "Intel invested $740 million to buy 18 percent of Cloudera". Reuters.
  18. ^ "Cloudera Completes $500 Million Term Loan and Repurchases 26 Million Shares" (Press release). PR Newswire. December 23, 2020.
  19. ^ Cherney, Max A. (December 23, 2020). "Cloudera Buys Back $314 Million Intel Stake. Here's What It Means for the Stock". Barron's.
  20. ^ Balakrishnan, Anita (April 28, 2017). "Cloudera shares close more than 20% higher on Day 1". CNBC.
  21. ^ Ari, Levy (June 6, 2019). "Cloudera plummets 43% after CEO abruptly departs and company cuts forecast". CNBC. Archived from the original on 2019-06-06. Retrieved January 22, 2022.
  22. ^ a b Gottfried, Miriam (June 1, 2021). "KKR, CD&R Strike $5.3 Billion Deal to Buy Cloudera". The Wall Street Journal.
  23. ^ Novet, Jordan (3 October 2018). "Cloudera and Hortonworks shares skyrocket as rivals merge". CNBC.
  24. ^ Schubarth, Cromwell (3 January 2019). "Cloudera completes Hortonworks deal, but investors aren't convinced". American City Business Journals.
  25. ^ "Cloudera Completes Agreement to Become a Private Company" (Press release). PR Newswire. October 8, 2021.
  26. ^ Menchaca, Lionel (August 4, 2011). "Introducing the Dell Cloudera solution for Apache Hadoop — Harnessing the power of big data". Dell Technologies.
  27. ^ "IBM, Cloudera Announce Strategic Partnership". IBM. June 21, 2019.
  28. ^ Dignan, Larry (June 21, 2019). "IBM, Cloudera forge strategic pact". ZDNet.
  29. ^ "Oracle Selects Cloudera to Provide Apache Hadoop Distribution and Tools for Oracle Big Data Appliance" (Press release). Cloudera. January 10, 2012.
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