SANTA CLARA, California, October 8, 2021 / PRNewswire / – Cloudera, the enterprise data cloud company, today announced the successful completion of its previously announced agreement for the subsidiaries’ acquisition of Clayton, Dubilier & Rice (“CD&R”) and KKR in an all-cash transaction valued at approximately $ 5.3 billion. Cloudera common stock has ceased trading and is no longer listed on the New York Stock Exchange.
Cloudera provides a hybrid cloud platform that enables businesses to access and analyze data across public and private clouds as well as on-premises to deliver flexibility, performance, speed and control. Cloudera will continue to be led by the CEO Rob bearden.
“Today marks an exciting new chapter in the future of our business,” said Mr. Bearden. “As a private company, we will have the agility and resources to meet the needs of today’s businesses in a hybrid world. With the capital support and expertise of CD&R and KKR, we will focus on accelerating our product innovation, cloud transformation and customer growth. “
At Cloudera, we believe that data can make what is impossible today, possible tomorrow. We empower people to turn complex data into clear, actionable information. Cloudera provides an enterprise data cloud for all data, anywhere, from the edge to AI. Fueled by relentless innovation from the open source community, Cloudera is advancing digital transformation for the world’s largest companies. Learn more at Cloudera.com.
Cloudera and related marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.
On Clayton, Dubilier & Rice
CD&R is a private investment company whose strategy is based on building stronger and more profitable businesses. Since its inception, CD&R has managed the investment of over $ 35 billion in over 100 companies with an aggregate transaction value of over 150 billion dollars. The company has offices at new York and London. For more information, please visit www.cdr-inc.com.
KKR is a leading global investment firm providing alternative asset management, capital markets and insurance solutions. KKR aims to generate attractive returns on investment by following a patient and disciplined approach to investing, employing world-class people and supporting the growth of its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer pension, life and reinsurance products under the leadership of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For more information on KKR & Co. Inc. (NYSE: KKR), please visit the KKR website at www.kkr.com and on Twitter @KKR_Co.
SOURCE Cloudera, Inc.