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Cloudera deepens AI expertise with acquisition of Verta's Operational AI Platform

Jun 03, 2024over 1 year ago

Acquiring Company

Cloudera

Acquired Company

Verta

Santa ClaraMenlo ParkSoftwareNatural Language ProcessingMachine LearningArtificial IntelligenceSoftware

Description

Cloudera, the trusted data company for enterprise AI, has strengthened its AI expertise with the acquisition of Verta's Operational AI Platform. The addition of Verta will further solidify Cloudera’s position in the competitive AI landscape, acquiring world-renowned talent and technology in AI and ML. The acquisition will enhance Cloudera's platform capabilities as it continues to deliver on the promise of enterprise AI for its global customer base.

Company Information

Company

Cloudera

Location

Santa Clara, California, United States

About

At Cloudera, we believe data can make what is impossible today, possible tomorrow. We empower people to transform data anywhere into trusted enterprise AI so they can reduce costs and risks, increase productivity, and accelerate business performance. Our open data lakehouse enables secure data management and portable cloud-native data analytics helping organizations manage and analyze data of all types, on any cloud, public or private. With as much data under management as the hyperscalers, we're the preferred data partner for the top companies in almost every industry. Cloudera has guided the world on the value and future of data, and continues to lead a vibrant ecosystem powered by the relentless innovation of the open source community. Learn more at Cloudera.com. Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners. SOURCE Cloudera, Inc.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed