• Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Special Offers
Business Intelligence Info
  • Business Intelligence
    • BI News and Info
    • Big Data
    • Mobile and Cloud
    • Self-Service BI
  • CRM
    • CRM News and Info
    • InfusionSoft
    • Microsoft Dynamics CRM
    • NetSuite
    • OnContact
    • Salesforce
    • Workbooks
  • Data Mining
    • Pentaho
    • Sisense
    • Tableau
    • TIBCO Spotfire
  • Data Warehousing
    • DWH News and Info
    • IBM DB2
    • Microsoft SQL Server
    • Oracle
    • Teradata
  • Predictive Analytics
    • FICO
    • KNIME
    • Mathematica
    • Matlab
    • Minitab
    • RapidMiner
    • Revolution
    • SAP
    • SAS/SPSS
  • Humor

Cloudera files to raise $200 million in IPO

April 1, 2017   Big Data
 Cloudera files to raise $200 million in IPO

Big data software company Cloudera today submitted its S-1 filing to go public on the New York Stock Exchange under the symbol CLDR.

Joint underwriters on the deal include Morgan Stanley, JP Morgan, Allen & Co., BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, Stifel, JMP Securities, and Raymond James.

For the year ended January 31, the company lost $ 187 million on $ 261 million in revenue, according to the filing. The year before, Cloudera turned up a $ 203 million loss on $ 166 million in revenue. The majority of Cloudera’s revenue comes from subscriptions, which are generally sold for one- to three-year periods, but the company is also dependent on services. Services include professional services, training, and education.

Cloudera sells a distribution of the Hadoop open source software for storing and processing lots of different kinds of data. Cloudera’s competitor Hortonworkswent public in 2014. Another Hadoop-based competitor is MapR. Building large businesses around open source software has traditionally been challenging, and in that regard many startups have longed to be the next Red Hat after the Linux distribution seller went public in 1999.

Traditional database and data warehousing companies like IBM, Oracle, SAP, and Teradata are mentioned as competitors in the filing, but so are public cloud infrastructure providers like Amazon Web Services (AWS) and Microsoft Azure, which companies can use to run Cloudera’s software. One business risk cited in the filing is Cloudera’s dependence on the Apache Software Foundation (ASF), which manages various pieces of software that Cloudera builds on for its commercial offering.

The company recently introduced cloud services; in the coming years, the company will increasingly focus its marketing attention on smarter systems like IBM Watson, as well as AWS as a whole.

Founded in 2008, the company had 1,470 employees as of January 31 and more than a thousand customers, according to the filing.

Cloudera has been expected to go public for years. The company filed confidentially earlier; today’s filing is listed under the name Project Thunder.

Investors include Accel Partners, Greylock Partners, and Intel. As of January 31 Intel owned 22 percent of Cloudera, following a major funding deal on the part of the chipmaker, rather than its corporate venture arm, in 2014.

In May 2014 Cloudera sold 11.9 million shares of its Series F-1 preferred stock to Intel for $ 370.9 million, the filing says. But first, one month prior to that, Cloudera “agreed to waive certain transfer restrictions” for capital stock from certain shareholders, including Accel and Greylock, for a tender offer from Intel. Employees were also allowed to participate, and cofounder and chief strategy officer Mike Olson did, as did chief financial officer Jim Frankola. All told, Cloudera sunk $ 741.8 million into Intel, between the funding round and the transfers of ownership, according to the filing.

Chief executive Tom Reilly received $ 4.6 million in compensation including stock awards for the year that ended on January 31; for the prior year he got $ 7.3 million, according to the filing.

Okta and Yext are also looking to go public. Snap went public last month, and Alteryx and MuleSoft did this month.

Let’s block ads! (Why?)

Big Data – VentureBeat

$200, Cloudera, files, Million, raise
  • Recent Posts

    • Database version control: Getting started with Flyway
    • Support CRM with New Dynamics 365 Field Service Mobile App
    • 6 Strategies for Achieving Your Business Goals in the New Year
    • Researchers propose using the game Overcooked to benchmark collaborative AI systems
    • Oracle Launches Version 21c
  • Categories

  • Archives

    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • January 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017
    • May 2017
    • April 2017
    • March 2017
    • February 2017
    • January 2017
    • December 2016
    • November 2016
    • October 2016
    • September 2016
    • August 2016
    • July 2016
    • June 2016
    • May 2016
    • April 2016
    • March 2016
    • February 2016
    • January 2016
    • December 2015
    • November 2015
    • October 2015
    • September 2015
    • August 2015
    • July 2015
    • June 2015
    • May 2015
    • April 2015
    • March 2015
    • February 2015
    • January 2015
    • December 2014
    • November 2014
© 2021 Business Intelligence Info
Power BI Training | G Com Solutions Limited