Cloudera has officially completed its buyout of enterprise data management firm Hortonworks, bringing a new chapter for enterprise data cloud and open source platforms. From January 4, Hortonworks merged with Cloudera to create enterprise data cloud that unlocks the power of any data, running in any cloud from the edge to AI, on a 100% open-source data platform.
Cloudera chief executive officer Tom Reilly it is the start of an exciting new chapter for Cloudera as it strives to be a leading enterprise data cloud provider. “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.”
The two companies first unveiled the merger plans back in October 2018, as part of a definitive agreement in which the companies combined in an all-stock merger of equals. “Our businesses are highly complementary and strategic. By bringing together Hortonworks’ investments in end-to-end data management with Cloudera’s investments in data warehousing and machine learning, we will deliver the industry’s first enterprise data cloud from the edge to AI,” Reilly said in October. “This vision will enable our companies to advance our shared commitment to customer success in their pursuit of digital transformation.”