Cloudera customers hit brakes on renewals ahead of Cloudera Data Platform, CEO Reilly to retire
Summary
Cloudera named Martin Cole interim CEO as Tom Reilly will retire effective July 31. Reilly said: Our enterprise customers are excited about extending their analytic workloads to the public cloud through Cloudera Data Platform, which will be available this summer. On a conference call with analysts, Reilly fleshed out those comments a bit and noted that Cloudera was seeing competition from public cloud providers. First, the announcement of our merger in October 2018 created uncertainty particularly regarding the combined company road map, which we rolled out in March of this year. Second, the announcement in March of Cloudera Data Platform, our new hybrid and multi-cloud offering, created significant excitement within our customer base.
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Data Management
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Cloudera
$500M to $1B