Private equity firm Vista Equity Partners has finally found a suitable match for Tibco: it has teamed up with Evergreen Coast Capital (a unit of Elliot Management) to buy Citrix Systems for $16.5 bn.
Prophecy, a low-code platform for data engineering, today announced that it has raised a $25 million Series A round led by Insight Partners. Existing investors SignalFire and Berkeley Skydeck, as well
Cloudera was once one of the hottest Hadoop startups, but over time the shine has come off that market, and today it went private as KKR and Clayton, Dubilier & Rice, a pair of private equity firm
Enterprise cloud giant Cloudera has pulled several of its cloud storage servers offline, despite initially claiming the servers were “open by design,” after a security researcher found sen
The Kobalt EC-1: How a Swedish saxophonist built Kobalt, the world’s next music unicorn My favorite pieces we host on Extra Crunch are our EC-1 series of in-depth profiles and analyses of high-flyin
If you go back about a decade, Hadoop was hot and getting hotter. It was a platform for processing big data, just as big data was emerging from the domain of a few web-scale companies to one where eve
It was just five years ago that there was an ample dose of skepticism from investors about the viability of open source as a business model. Fast-forward to today and we’ve witnessed the growing e
Cloudera and Hortonworks, two of the biggest players in the Hadoop big data space, today announced that they have finalized their all-stock merger. The new company will use the Cloudera brand and will
Over the years, Hadoop, the once high-flying open-source platform, gave rise to many companies and an ecosystem of vendors emerged. It was long believed that some major companies would emerge from the
TL;DR: Cloudera's recent IPO filing shows a company with steep losses and rapid revenue growth. Today we'll examine Cloudera's finances and where it fits into the current IPO universe. Why do we care?
We recently saw two critical developments in the big data and analytics space. Tableau released earnings and missed their forecast by $0.05; their stock dropped 5 percent. Then Hortonworks announced a
It’s become a meme in tech circles, “IPOs are the new down round,” venture capitalists quip. The dreaded “down round,” when a startup raises capital beneath its prior valuation, is getting p
Following the bell, Hortonworks announced its third quarter financial performance including adjusted earnings per share of negative $0.74 and revenue of $33.1 million. Investors had expected the compa
Hortonworks, the big data company built on Hadoop, bought early-stage startup Onyara today. The company, which launched at the end of last year, has its roots in the NSA — yes that NSA. The O
Let’s talk about money! Hortonworks reported its earnings today, the first time it has as a public company! :) Revenues for its fourth quarter totaled $12.7 million, up 55 percent on year-over-y
According to a recent report, Twilio wants to go public. Twilio, a company that provides software-based communications tools for developers, closed out 2014 on a $100 million annual run rate. Or, put
The success of the LendingClub, Hortonworks and New Relic IPOs this week may have created a moment in the market that Box, a company that has long wanted to go public itself, could use to get its long
In early trading, New Relic’s shares are up 31 percent in its first day as a public company. Another technology company, Hortonworks, will begin trading this morning as well. Update: Hortonworks
Lending Club had a strong debut in the public markets today, popping 56 percent from its $15 IPO price to more than $23 per share. As TechCrunch reported previously, the company’s offering was &
Will the public market welcome a company with expanding losses? Hortonworks is ready to find out.
Earlier today, the company priced its initial public offering, announcing that it will sell its sha
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