Hints and tips:
...An all-stock merger with rival Hortonworks in 2018 did little to help. Integration problems caught the attention of Carl Icahn....
...Together, Cloudera and Hortonworks still have a chance to carve out a lasting place for themselves in the new landscape of data-driven computing....
...Hortonworks charges for support services, while Cloudera charges subscriptions. Turning some of Hortonworks customers into subscribers will add a revenue bump to the new company....
...One headwind for its IPO has been the weak performance of Hortonworks, a Hadoop company that went public in 2014. Its shares have fallen from an offering price of $16 to their current level of $10.57....
...Hortonworks, a software maker which listed last year, reported net losses three times as big as sales over the past year. At Box, which does online file-sharing, losses are four-fifths of sales....
...For Hortonworks, the first condition is true, but the other two are unknown. The company is so young that most clients have not reached the end of their contracts yet....
...Hortonworks shares closed up almost 65 per cent to $26.38....
...Last year, several tech IPOs — including New Relic, Hortonworks, and Zendesk — priced below their private market valuations....
...That would be Hortonworks, a data management company built around Hadoop, an open-source software framework named after a little yellow elephant....
...Some tech IPOs have even been made at substantial discounts to private valuations, and companies such as Box and Hortonworks still trade below their earlier valuations in private fundraisings....
...Shares in HortonWorks rallied nearly 65 per cent to $26.38 by the close in New York....
...This is clearest in the Hadoop market, where Hortonworks — which last year became the first open source company since Red Hat to IPO — has stuck to the older business model in contrast to rivals Cloudera...
...Private valuation levels in some US technology companies have been so high that the recent IPOs of cloud storage company Box, New Relic — a data analytics business — and open-source software company Hortonworks...
...Hortonworks, a major supplier of the open-source database technology known as “Hadoop”, recently filed for an initial public offering at an expected valuation of more than $1bn....
...BlackRock’s other recent tech investments include Turn, an advertising company; Hortonworks, a data software company, and Dropbox, the document storage company; Fidelity was a pre-IPO investor in Facebook...
...The money for Cloudera – along with a $100m investment last week in rival Hortonworks – highlights the widening investor interest in Hadoop....
...To some extent, that is to the credit of well-funded start-ups such as Cloudera, MapR and, more recently, Hortonworks, which all offer commercially licensed and supported distributions of Hadoop....
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