Tech Company M&A Transactions
Hortonworks Acquisition
Hortonworks, operating out of Santa Clara, was acquired by Cloudera. The transaction price was $5.2 billion.
Transaction Overview
Company Name
Acquired By
Announced On
10/4/2018
Transaction Type
M&A
Amount
$5,200,000,000
M&A Terms
Under the terms of the transaction agreement, Cloudera stockholders will own approximately 60% of the equity of the combined company and Hortonworks stockholders will own approximately 40%. Hortonworks stockholders will receive 1.305 common shares of Cloudera for each share of Hortonworks stock owned, which is based on the 10-day average exchange ratio of the two companies' prices through October 1, 2018. The companies have a combined fully-diluted equity value of $5.2 billion based on closing prices on October 2, 2018.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
5470 Great America Pkwy.
Santa Clara, CA 95054
USA
Santa Clara, CA 95054
USA
Phone
Website
Email Address
Not Recorded
Overview
Hortonworks drives actionable intelligence through open-source, Apache Hadoop data architectures that maximize the value of all data data-at-motion,data-at-rest, and Modern Data Applications.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Rob Bearden
Chief Financial Officer
Scott Davidson
Chief Technical Officer
Scott Gnau
VP - Client Services
Amir Siddiqi
VP - General Counsel
David Howard
VP - Marketing
John Kreisa
VP - Product Management
Jamie Engesser
VP - Product Management
Arun Murthy
VP - Sales
Alan Fudge
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We report on funding rounds that are announced publicly. All VC database entries reported here are sourced from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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