Price action over last quarter: Up 25.93%
Company Description
Cloudera Inc is an enterprise data cloud company. It sells software subscriptions and public cloud services for the Cloudera Data Platform (CDP) solution-set and software subscriptions for its traditional on-premises data platforms. Subscriptions include software access rights and technical support. It also provides professional services for the implementation and use of software subscriptions, machine learning expertise and consultation, training and education services. Its offerings are based predominantly on open source software, utilizing data stored natively in public cloud object stores as well as in various open source data stores. It licenses its products under a open source licensing model based on the Apache Software License (ASL) and the Affero General Public License (AGPL).
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Big Data Company Cloudera To Go Private In $5.3 Billion Deal
Cloudera is being acquired by private equity investment companies CD&R and KKR for $16.00 per share with the transaction expected to close by the end of 2021. By Rick Whiting June 01, 2021, 01:04 PM EDT
Cloud data management company Cloudera is being taken private in a $5.3 billion acquisition deal by private equity firm Clayton, Dubilier & Rice (CD&R) and global investment company KKR, Cloudera said Tuesday.
Under the definitive agreement Cloudera shareholders will be paid $16.00 per share in cash, which the company said represents a 24 percent premium to the May 28 closing price of the company’s stock and a 30 percent premium to the 30-day volume weighted average share price.
/PRNewswire/ Cloudera, (NYSE: CLDR), the enterprise data cloud company, today announced that it has entered into a definitive agreement to be acquired by.