Cloudera has announced plans to acquire two software-as-a-service (SaaS) firms, Datacoral and Cagena, to expand its public cloud offering.
The announcement comes on the heels of the firm’s Cloudera Data Platform (CDP), which received ISO 27001 certification in May.
“The acquisition will enable us to usher in a new era of low-code, no-code self-service by automating complex operations – our customers getting value from their data rather than having to configure, operate and manage the underlying infrastructure. This enables us to focus on doing things, said Rob Bearden, Cloudera’s chief executive officer (pictured).
Datacoral’s SaaS platform will further expand Cloudera’s public cloud portfolio by providing secure and reliable access to over 80 traditional data sources. The fully managed service enables fast, easy and accurate data conversion and integration through a flexible multi-tenant SaaS architecture that runs in the cloud. Its no-code connectors ensure that customers can retrieve any type of data with just a few clicks.
“The combination of a cloud-native, ETL solution like Datacoral with Cloudera’s robust platform provides a powerful solution to today’s self-service analytics challenge,” said Raghotham Murthy, Founder and CEO, Datacoral.
Additionally, Cazena and Cloudera intend to make it easy and cost-effective for Cloudera customers to migrate to Cloudera’s proprietary cloud service, CDP Public Cloud. With Cazena’s Instant Cloud Data Lake, Cloudera customers can take months off the time it takes to implement analytics, including artificial intelligence (AI) and machine learning (ML).
“Extending the Cloudera platform to a SaaS delivery model enables businesses to easily accelerate their time for insights by focusing on their data, rather than operating the infrastructure required to manage it – we CDP Make it easy to operate and consume for all enterprises, said Pratt Moghe, Founder and CEO of Cajena.
Assuming that the companies meet customary closing conditions, Cloudera expects to complete the acquisition in the second quarter of the current fiscal.
In a separate announcement, Cloudera said it would be acquired by Clayton, Dubilier & Rice and associates of global investment firm KKR in an all-cash transaction valued at $5.3 billion.
“The transaction provides substantial value to Cloudera shareholders, who will receive $16 in cash per share, representing a 24% premium to the closing price as of May 28, 2021, and a 30% premium to the 30-day volume weighted average share price.” do,” added Claudera.
The acquisition is expected to close in the second half of 2021.
© Dennis Publications
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