Cloudera, Hortonworks conclude merger process

IANS
Sunday, January 6, 2019

US-based software company Cloudera on Friday said it has completed its merger with data management platform and solutions firm Hortonworks.

The merger was announced in October last year.

Cloudera will continue to trade on the New York Stock Exchange under the symbol "CLDR", the company said in a statement, adding that Hortonworks stockholders received 1.305 common shares of Cloudera for each share of Hortonworks stock owned.

Commenting on the development, Tom Reilly, Cloudera Chief Executive Officer, said: "This combined team and technology portfolio establish the new Cloudera as a clear market leader. We will provide customers 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."

Express your comment on this article

Submit your comments...
     
Disclaimer: The views expressed here are strictly personal and IndiansinKuwait.com does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.

Community News
 

Tamilnadu Engineers Forum (TEF) Kuwait, the one & only ISO 9001:2015 certified non-profitable, Voluntary Services Organizati...

Gokulam Kalakshetra, Kuwait presents Nritholsav 2019 on Friday, 5th April 2019 at Cambridge English School. Nritholsav 2019,...

Kerala Art Lovers Association Kala Kuwait under the auspices of its Social Affairs Wing and in conjunction with Shifa Al Jaz...

Bharatheeya Sangeetha Sabha (BASS) Organizing mega Music Competition in Carnatic Music & Semi Classical Music (Film Songs),...

Kozhikode District Association conducts its 9th Anniversary celebration titled “Metro Medical Care KozhikodeFest-2019” on 22...