Cloudera, a provider of a platform for machine learning and advanced analytics built on open source technologies including Hadoop, launched an IPO and is beginning public trading on the New York Stock Exchange under the symbol "CLDR."
“As the digital universe continues to grow exponentially, companies are seeing more value from technologies like Hadoop for enterprise use cases that require a new set of data platforms, data orchestration and data analytics tools. The advent of IoT, AI, cybersecurity, and supply chain management is making the process of capturing, blending, and analyzing all types of data indispensable to the enterprise, with many of today’s tools coming from the commercial open source world. Not surprisingly, this next generation of big data vendors is growing faster than their predecessors, which is creating a massive opportunity for the industry,” she continued. “Cloudera is a prime example of a company that’s been able to capitalize on the power of open source and Hadoop to help enterprise customers make the most of their data in real time.” -- Rosanne Saccone, CMO, Pentaho, a Hitachi Group Company
“Cloudera’s IPO not only furthers the conversation on how companies can successfully build and monetize the open source model, but also highlights the important role Big Data and database platforms play in digitally transforming today’s biggest industries. Additionally, this event is very positive for Couchbase since it provides additional market validation for open source technologies: Couchbase solves the operational challenge to deliver positive customer experiences while Cloudera solves the analytical challenge to provide insights into complex and exploding data. We wish Cloudera the best.” -- Greg Henry, CFO at Couchbase