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:
- Cloudera Inc. is looking to raise $200 million. But it hasn't yet set the number of shares, or share price.
- 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.
- Cloudera runs on a hybrid open source and proprietary model, which it calls Hybrid Open Source Software, or HOSS, which is adorable.
- Cloudera software is based on Hadoop, which was developed by Google and Yahoo for big data.
- Headcount: 1,470 employees as of January 31, up from 1,140 employees the prior year.
- The stock symbol will be CLDR.
- The estimated valuation according to several sources will be about $4 billion.
- Cloudera is a late IPO. It was founded in 2008.
- Competitor Hortonworks previously filed for an IPO. It hasn't gone so well; its stock has gone from $26 to under $10 today.
- 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.
- 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."
- 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.
- Cloudera sees its total addressable market as $65.6 billion by 2020.
- Underwriters include Morgan Stanley, JPMorgan and Allen & Company.
— Mitch Wagner Editor, Enterprise Cloud News