Big data company Cloudera filed its long-awaited IPO Friday, looking to raise $200 million.

Mitch Wagner, Executive Editor, Light Reading

March 31, 2017

2 Min Read
Cloudera IPO: 14 Things You Need to Know

Investors in Cloudera have a good reason to say TGIF, as the big data and analytics company filed its IPO on Friday. Here are 14 things you need to know, mostly according to Cloudera's filing:

  1. Cloudera Inc. is looking to raise $200 million. But it hasn't yet set the number of shares, or share price.

  2. Cloudera's revenue was $261 million as of January 31 2017 and $166 million in the year-before period, for a year-over-year growth rate of 57%. Net losses are narrowing -- $187.3 million for the period ending January 31 2017 and $203.1 million for the year-ago period.

  3. Cloudera runs on a hybrid open source and proprietary model, which it calls Hybrid Open Source Software, or HOSS, which is adorable.

  4. Cloudera software is based on Hadoop, which was developed by Google and Yahoo for big data.

  5. Headcount: 1,470 employees as of January 31, up from 1,140 employees the prior year.

  6. The stock symbol will be CLDR.

  7. The estimated valuation according to several sources will be about $4 billion.

  8. Cloudera is a late IPO. It was founded in 2008. Figure 1:

  9. Competitor Hortonworks previously filed for an IPO. It hasn't gone so well; its stock has gone from $26 to under $10 today.

  10. Intel Corp. (Nasdaq: INTC) is a strategic partner and investor. Intel's aggregate investment is $766.5 million as of January 31. Cloudera's software is optimized for Intel processors and architecture.

  11. Cloudera's software runs both on-premises and in the cloud, including all the major public cloud infrastructure providers -- Amazon Web Services Inc. , Microsoft Corp. (Nasdaq: MSFT) Azure and Google (Nasdaq: GOOG) Cloud Platform, and managed service providers. "We also enable enterprises' 'multi-cloud' strategies, allowing them to move workloads from the data center to the public cloud, among public cloud vendors and back again, thus avoiding cloud lock-in."

  12. Cloudera offers its software by subscription to the largest 8,000 corporate enterprises as well as large public sector organizations, and has about 500 Global 8000 customers as of January 31.

  13. Cloudera sees its total addressable market as $65.6 billion by 2020.

  14. Underwriters include Morgan Stanley, JPMorgan and Allen & Company.

Can Google make the grade as an enterprise cloud provider? Find out on our special report: Google's Big Enterprise Cloud Bet.

— Mitch Wagner Follow me on Twitter Visit my LinkedIn profile Visit my blog Friend me on Facebook Editor, Enterprise Cloud News

About the Author(s)

Mitch Wagner

Executive Editor, Light Reading

San Diego-based Mitch Wagner is many things. As well as being "our guy" on the West Coast (of the US, not Scotland, or anywhere else with indifferent meteorological conditions), he's a husband (to his wife), dissatisfied Democrat, American (so he could be President some day), nonobservant Jew, and science fiction fan. Not necessarily in that order.

He's also one half of a special duo, along with Minnie, who is the co-habitor of the West Coast Bureau and Light Reading's primary chewer of sticks, though she is not the only one on the team who regularly munches on bark.

Wagner, whose previous positions include Editor-in-Chief at Internet Evolution and Executive Editor at InformationWeek, will be responsible for tracking and reporting on developments in Silicon Valley and other US West Coast hotspots of communications technology innovation.

Beats: Software-defined networking (SDN), network functions virtualization (NFV), IP networking, and colored foods (such as 'green rice').

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