Cloudera To Acquire Assets Of Arcadia Data
- Written by Amanda Hollenbeck
- Published in News Briefs
Cloudera, an enterprise data cloud company, has agreed to acquire assets of the data analytics platform Arcadia Data. Terms of the deal were not disclosed.
Following the acquisition, Cloudera is positioned to help accelerate time-to-insight and aid users to solve complex data management and analytics challenges. Arcadia Data is designed to gain faster and deeper insights from modern data platforms. Its ArcEngine technology can help enterprises generate insights in data lakes, cybersecurity, IoT and customer intelligence, which can ultimately improve analytics response times within Cloudera’s Data Warehouse.
"As data becomes more complex and varied from an increasing number of sources across private and public clouds, IT organizations must optimize data access or risk business users being unable to act, or acting on outdated information," said Anupam Singh, Chief Customer Officer at Cloudera, in a statement. "It's essential for business users to have access to the data they need, when they need it, and the addition of Arcadia Data's technology and expertise will accelerate insights for our customers."
Cloudera anticipates that the entirety of Arcadia Data will join Cloudera.