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Intel Makes Significant Investment in Cloudera

30 Apr 2014, Posted by Rayboy Insider Search in Startups

1396284046-intel-just-poured-740-million-cloudera-what-is-it-2Intel Corporation and Cloudera, Inc. announced a broad strategic technology and business collaboration, as well as a significant equity investment from Intel making it Cloudera’s largest strategic shareholder and a member of its board of directors.

This is Intel’s single largest data center technology investment in its history. The deal will join Cloudera’s enterprise analytic data management software powered by Apache Hadoop with the data center architecture based on Intel Xeon technology.

The goal is acceleration of customer adoption of big data solutions, making it easier for companies of all sizes to obtain increased business value from data by deploying open source Apache Hadoop solutions.

Both the strategic collaboration and the equity investment are subject to standard closing conditions, including customary regulatory approvals.

Cloudera will develop and optimize Cloudera’s Distribution including Apache Hadoop (CDH) for Intel architecture as its preferred platform and support a range of technologies including Intel fabrics, flash memory and security. In turn, Intel will market and promote CDH and Cloudera Enterprise to its customers as its preferred.

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