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  • Friday, November 22, 2024

Private Equity Firms CD&R, KKR Close Cloudera Buy; Rob Bearden Quoted

Affiliates of private equity firms Clayton, Dubilier & Rice and KKR have completed their acquisition of Cloudera for approximately $5.3 billion in an all-cash transaction that was first announced in June.

Santa Clara, California-based Cloudera said Friday it stopped trading on the New York Stock Exchange following the deal’s closing and CEO Rob Bearden will continue to lead the company as a private entity.

Cloudera provides a hybrid cloud platform that enables organizations to access and analyze data across on-premises, public and private clouds.

“As a private company, we will have the agility and resources to meet the needs of businesses today in a hybrid world,” said Bearden.

“With the capital support and expertise of CD&R and KKR, we will be focusing on accelerating our product innovation, cloud transformation and customer growth,” he added.

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