Big data cloud vendor is considering a buyout, according to reports in Bloomberg
Enterprise data cloud company Cloudera is considering selling up after receiving interest from a private equity firm, according to reports in Bloomberg. The market responded with shares spiking by as much as 22 per cent on Tuesday. The US cloud vendor has had a rocky few quarters following its merger with open-source software heavyweight Hortonworks last year. The deal valued the combined companies at $5.2bn. Cloudera's market cap is now $3.52bn. However, in its Q1 financials publ...
To continue reading this article...
Join Channel Partner Insight
- Exclusive news, insight and analysis for the IT channel across the US and Europe
- Gain the latest insights through market analysis and interviews with channel leaders
- Stay on top of key trends with an exclusive members-only podcast
- Breaking news stories delivered straight to your inbox daily
Already a member?