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Cloudera is gearing up to take on Amazon, but investors are skeptical

Submitted by on January 4, 2019 – 7:09 amNo Comment

Cloudera and Hortonworks were bleeding cash as the two data software providers spent years going head-to-head to lure businesses onto their fledgling technology. As of Thursday, they can join forces against a common enemy: Amazon.

Cloudera Impala

The all-stock deal unites the two most prominent vendors of Hadoop open-source software, which customers can use to store, process and analyze many different types of data. Valued at $5.2 billion when the merger was announced in October, the companies are worth just a combined $3 billion as of its official close.

To read the entire article, please click https://www.cnbc.com/2018/12/28/as-cloudera-closes-hortonworks-merger-it-takes-aim-at-amazon.html