The Strategist

KKR, Clayton Dubilier & Rice investment funds close to buying software developer Cloudera


06/02/2021 - 03:45



Private equity firms KKR & Co. and Clayton Dubilier & Rice LLC are close to buying US software developer Cloudera, The Wall Street Journal reported, citing its own sources. According to the publication, Cloudera will become a private company once the deal is completed.



KKR, Clayton Dubilier & Rice investment funds close to buying software developer Cloudera
The signing of the agreement may be announced this week. Details of the possible deal are not yet known. Cloudera has a market capitalization of $3.8 billion.

Cloudera was founded in 2008 by a group of engineers from Google, Facebook, Oracle and Yahoo! The company was one of the first players in the open-source software platform Hadoop, which enables the rapid processing of large volumes of data. The company creates software product distributions for organisations based on Hadoop and profits by providing technical support for the enterprise solutions it delivers.

The company generated revenue of $869 million (+9% year-on-year) and achieved an operating margin of 17% in its most recent fiscal year, which ended in March. Cloudera will report its financial results for the first quarter of the new fiscal year this week.

source: wsj.com




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