Cloudera deepens AI expertise with acquisition of Verta's Operational AI Platform
Jun 03, 2024•over 1 year ago
Acquiring Company
Cloudera
Acquired Company
Verta
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.
M&A Insights
Based on deal dataIntegration 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