For Cloudera, the fundamental challenge is the same that it's been for years, which is that it's trying to make money selling an advanced version of free open-source software called Hadoop, a platform for storing and processing large amounts of complex and disparate data. Cloudera Merging With Hortonworks, Becoming 'Frenemies' With Oracle. The announcement follows a decline in Cloudera, Inc.’s share price of 47 percent since October 2018. Cloudera said it expects revenue for the full fiscal 2020 year of between $745 million and $765 million, down from a previous projection of $835 million to $855 million. Prior to Cloudera, his most recent role was as vice president and general manager of enterprise security at HP. Cloudera said: “Tom Reilly will retire as Chief Executive Officer and as a member of the Board of Directors, effective July 31, 2019.” Share price decline. Sign up for free newsletters and get more CNBC delivered to your inbox. Tom Reilly will retire at the end of July as the market becomes increasingly challenging for Hadoop companies. The merger with Hortonworks in January was designed to pull together sales and marketing resources and cut down on costs the companies were spending to compete with one another. © 2021 CNBC LLC. At the start of this year, Cloudera completed a $5.2 billion merger with its largest competitor, HortonWorks. Previous to HP, Tom served as CEO of enterprise security company ArcSight, which HP acquired in 2010. Apr-2013. [Related: The Coolest Big Data System And Platform Vendors Of The 2019 Big Data 100]. Cloudera said late Wednesday that CEO Tom Reilly was leaving the company just five months after the merger with Hortonworks. Cloudera leadership. Get this delivered to your inbox, and more info about our products and services. View All. Previous article Six Security Updates for Windows 8.1 Release. Unique industry intelligence, management strategies and forward-looking insight delivered bi-monthly. Martin Cole, Cloudera's board chairman and a former Accenture exec, will fill the top job in an interim capacity until a new, permanent CEO is hired, the company said. By Luke Stangel – Contributing writer . Cloudera said late Wednesday that CEO Tom Reilly was leaving the company just five months after the merger with Hortonworks. Cloudera, Inc. is a US-based software company that provides a software platform for data engineering, ... Tom Reilly became chief executive, although Olson remained as chairman of the board and chief strategist. Tom Reilly brings 30 years of leadership in the enterprise software industry. Tom Reilly’s Biography Tom is the Chief Executive Officer of Cloudera, a fast-growing software company that provides Apache Hadoop-based software, support and service, and training to businesses. Ever since Tom Reilly joined Cloudera as chief executive in June 2013, he has faced speculation that he was brought in to spruce up the pioneering distributor of Hadoop cloud … Cloudera CEO Tom Reilly passed through South Asia and DSA were lucky enough to catch a gap in his busy schedule to find out more about Cloudera, their plans and how they view the South Asian market. Hadoop is an open source framework first released in 2006 to enable processing large data sets across computing clusters using the MapReduce programming model. Cloudera stock fell as much as 32% on Wednesday after the company said CEO Tom Reilly is retiring and leaving the company’s board, effective … Cloudera CEO Tom Reilly on law enforcement and fake news Big data is a key weapon in fighting terrorists says Cloudera chief Cole, who will be Cloudera's interim CEO, has been chairman of the company's board since 2018, and a director since 2014. All Rights Reserved. Jun-2012. Google, especially, poses a unique challenge after last year's acquisition of Cloudera competitor Cask Data. Receive notification when applications open for lists and awards. Prior to Cloudera, Tom was the GM of Enterprise Security at HP post acquisition of cyber-security firm ArcSight (NASDAQ: ARST). That company's technology has gone to bolster Google's Cloud Dataproc, a managed Hadoop and Spark service which competes with both Cloudera and formerly Hortonworks platforms. — CNBC's Jordan Novet contributed to this report, WATCH: BTIG's Fishbein on cloud companies targeted for takeover. Its pipeline isn't materializing fast enough for investors. "Last night will be the straw that broke the camel's back for many investors and core believers in the Cloudera story," wrote Daniel Ives, an analyst at Wedbush. He maintained his "neutral" rating and cut his price target to $7 from $16. But the business remains a struggle. The largest trade Thomas's ever made was exercising 7,304,755 units of Cloudera Inc stock on 6 June 2019 worth over $23,448,264. Spark, another open source framework for big data clusters, has challenged the project's position in the market by processing large datasets in-memory, a technique which yields faster results. He came to IBM in 2004 to lead an information management solutions division after Big Blue acquired Trigo Technologies, an early data management software company at which he served as CEO. Tom Reilly Joins Eloqua Board of Directors Source: www.eloqua.com. I have every confidence that Cloudera will continue to thrive in the years to come.”, Redis Offers Cloud Database Through AWS Marketplace, Supports Google Anthos GKE, IBM Buys MyInvenio, Another ‘Weapon’ In IT Automation Domination, Accenture Grows AI, Cloud Capabilities With Core Compete Buy, The Coolest Business Analytics Companies Of The 2021 Big Data 100. Tom, the CEO of Cloudera, has a distinguished 30-year career in the enterprise software market. Pivotal Software, which sells subscriptions for software that's designed to help companies deploy applications across multiple clouds, plunged 41% on Wednesday after lowering its full-year forecast. IT channel news with the solution provider perspective you know and trust sent to your inbox. "Tom and the Board have always been committed to continually evaluating Cloudera's progress and ensuring that we are executing to drive long-term value. Thomas J Reilly is Former Board Member at L-1 Identity Solutions Inc. See Thomas J Reilly's compensation, career history, education, & memberships. Tom led ArcSight through a successful initial public offering and subsequent sale to HP. You did this one so very right. Cloudera CEO Tom Reilly's notice of retirement Wednesday sent the big data company's stock plummeting as Hadoop vendors face an increasingly treacherous business landscape. How Tom Reilly led ArcSight’s integration into HP using strategic communication | Smart … Tom Reilly CEO, Cloudera. 1 of 2 Tom Reilly, chief executive officer of Cloudera, attends the second day of the annual Allen & Company Sun Valley Conference, July 12, 2017 in Sun Valley, Idaho. He previously was chief executive of Accenture's technology group. Tom has been the CEO since July of 2013. "I am very proud of everything that we have accomplished at Cloudera over the past six years, as we have transformed into a leading enterprise data cloud provider," Reilly said in a prepared statement. “We have started an exciting new chapter for Cloudera as we become the leading enterprise data cloud provider,” says Tom Reilly, CEO of Cloudera on its merger with Hortonworks. Cloudera, while having established itself with the Hortonworks merger as the dominant Hadoop company, faces challenges on a few fronts. Cloudera, Inc. (NYSE: CLDR), the enterprise data cloud company, reported results for its first quarter of fiscal year 2020 ended April 30, 2019. The company lowered its 2020 revenue guidance as the Hadoop market continues to struggle. Tom Reilly, chief executive officer of Cloudera Inc., stands during the company's initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. In filing for a public offering, Cloudera disclosed as a major investor Intel, which had paid the equivalent of more than $30 a share in 2014. Tom Reilly - CEO at Cloudera. Mr. Tom Reilly is a Chief Executive Officer, Director of the company. Next article PayScale Challenges Tech Gender Wage Gap. Cloudera shares plunged 43% on Thursday after the company announcement that CEO Tom Reilly is leaving and lowered its 2020 revenue forecast. Hyper-scale cloud providers have also put pressure on the Hadoop startups by offering their own hosted versions of the framework. Previous to HP, Tom served as CEO of enterprise security company ArcSight, which HP acquired in 2010. Since then, Cloudera has grappled with the big project of rationalizing the two companies' product lines and streamlining their combined operations to achieve profitability. BTIG's Fishbein on cloud companies targeted for takeover. Reilly's retirement announcement triggered an almost 30 percent drop in Cloudera's share price Wednesday in after-hours trading—from a market close at $8.80 to $6.17 at press time. When asked about MapR on Wednesday, Reilly told analysts that "we view their customer base as an opportunity for us and it is part of our growing pipeline." Previous to HP, Tom served as CEO of enterprise security company ArcSight , which HP acquired in 2010. Thomas Reilly CLDR stock SEC Form 4 insiders trading. Thomas has made over 11 trades of the Cloudera Inc stock since 2017, according to the Form 4 filled with the SEC. A Division of NBCUniversal. Data is a real-time snapshot *Data is delayed at least 15 minutes. Prior to Cloudera, Tom served as the CEO of ArcSight, an enterprise security company. Tom was the CEO of ArcSight and led its IPO and subsequent sale to HP. Congratulations to Tom Reilly and Cloudera. I’d say this even if Tom Reilly wasn’t a friend of mine. He most recently served as CEO of big data company Cloudera (NASDAQ: CLDR). The shares fell as low as $4.96 on Thursday, after closing the previous day at $8.80. Reilly was formally an executive at IBM and Hewlett-Packard before taking the CEO position at Cloudera. Some data analytics experts already view it as a legacy technology. Tom Reilly has a distinguished 30-year career in the enterprise software market. Accordingly, we have mutually agreed with Tom that this is the right time for a leadership transition," Cole said in a statement. Most recently Thomas exercised 806,577 units of CLDR stock worth $11,679,235 on 31 July 2019.. Edit. Five months after merging with top rival Hortonworks, Cloudera continues to bleed cash and is struggling to generate consistent growth, raising concerns about the future viability of its data analytics technology. Tom has a distinguished 30year career in the enterprise software market. The company, valued at $4.1 billion in a 2014 financing round led by Intel, is now worth just $1.4 billion, even with the addition of Hortonworks. Cloudera CEO Tom Reilly is exiting the company; shares plummet to new all-time low. Reilly is being replaced on a temporary basis by board member Martin Cole, a former Accenture executive, as Cloudera kicks off a search for a permanent CEO. He added that the Hortonworks combination led to a period of uncertainty and, during that period, Cloudera saw increased competition from cloud providers. Prior to Cloudera, his most recent role was as vice president and general manager of enterprise security at HP. With combined team and technology portfolio, Cloudera is poised to provide its customers a comprehensive suite of solutions that will bring the right analytics to data, running on any cloud, from the Edge to AI. Click here to watch speakers from TiEcon 2015http://www.indtvusa.com/tiecon-2015/www.indtvusa.comLike, Follow, Subscribe and Share INDTVUSA Another competitor, MapR, said last month that its laying off employees and may shut down if it can't find funding. Total revenue for the first quarter was $187.5 million, and subscription revenue was $154.8 million. The fact that he is makes this all so much sweeter. "While there is much work still to be done, I have determined that now is the right time for me to retire and transition leadership of the company as it enters the next chapter of growth. Rivals Cloudera, Hortonworks Merge as Battle With IoT Giants Looms, CEO … Reilly, who has led the Hadoop powerhouse since June of 2013—through an IPO and later a merger with its largest competitor—said he would step away from the company at the end of July. CNBC: Jim Cramer interview with Cloudera CEO Tom Reilly. Annualized recurring revenue grew 21% year-over-year. Davidson called it a "disastrous quarter" and Wedbush cited the "dreaded trifecta of bad news" — weak results, bad guidance and the CEO departure. Jive Software Names Former ArcSight CEO Tom Reilly to Board of Directors (NASDAQ:JIVE) Source: investors.jivesoftware.com. Reilly was formally an executive at IBM and Hewlett-Packard before taking the CEO position at Cloudera. Another Hadoop competitor, MapR, was once valued over $1 billion, but said last week it is preparing to shut down its operations within weeks. Mike Olson, Cloudera's chief strategy officer, co-founder and former CEO, is also leaving the company. 05, 2019 9:56 PM ET Cloudera, Inc. (CLDR) 13 Comments 3 Likes SA Transcripts Reilly was chief executive at ArcSight when it was acquired by Hewlett-Packard in 2010. Cloudera was founded in Accel's Palo Alto office in 2008 by Amr Awadallah and Jeff Hammerbacher, during their time as Accel entrepreneurs-in-residence, working closely with Ping Li. It's the second straight day that an emerging tech infrastructure company has lost almost half its value. Cloudera went public in April of 2017 in a high-profile tech IPO that valued the company at $1.9 billion. Cheddar: Interview with Cloudera CMO Mick Hollison . Apply For Solution Provider 500/Fast Growth 150, Digital Services for Edge Learning Center, Microsoft HCI Solutions from Dell Technologies Learning Center, Dell Technologies Storage Learning Center, The Coolest Big Data System And Platform Vendors Of The 2019 Big Data 100, Cloudera completed a $5.2 billion merger with its largest competitor, HortonWorks, acquisition of Cloudera competitor Cask Data. Cloudera, Inc. (CLDR) CEO Tom Reilly on Q1 2020 Results - Earnings Call Transcript Jun. Rob Enderle . Net loss will be 28 cents to 32 cents a share, the company said. Analysts at D.A. Ex-CEO Tom Reilly of Cloudera (NYSE:CLDR) and former Silver Lake executives are raising as much as $287.5 million through an IPO fior SEP Growth Holdings Corp. (Nasdaq:SEPGU), a new SPAC. In the position of CEO since 2013. There have been few more attractive CEO roles available in Silicon Valley this year than the opportunity to take over the helm at Cloudera. Behind the Cloudera-Hortonworks Merger: 'The Enemy of My Enemy Is My Friend' Light Reading - interview with Mick Hollison CMO Cloudera. Cloudera’s leadership includes some of the most sought-after talent in the industry, with expertise gained from years at many of the world's fastest-growing and largest technology innovators, including Yahoo!, Microsoft, IBM, Red Hat, Oracle, SAP, and ServiceNow. Jun 6, 2019 Updated Jun … That IPO exceeded the listing price, but formally marked a substantial drop in value from a few years earlier on the private market. Later in the day, Reilly spoke to investors in an earnings call, where he presented Q1 fiscal 2020 financials that beat expectations on the extent of operating losses—a net loss of 13 cents per share compared to 23 cents expected— but fell short of the revenue guidance Wall Street was looking for. - Tom Reilly to Retire - Cloudera's Chairman of the Board, Martin Cole, Named Interim CEO PALO ALTO, Calif., June 5, 2019 /PRNewswire/ -- Cloudera, Inc. (NYSE: CLDR), the enterprise data cloud company, today announced that Tom Reilly will retire as Chief Executive Officer and as a member of the Board of Directors, effective July 31, 2019. Tom Reilly named Cloudera CEO Source: money.cnn.com. Tom Reilly Links. Prior to Cloudera, his most recent role was as vice president and general manager of enterprise security at HP. We want to hear from you. Got a confidential news tip? 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