Fenwick & West LLP represented Cloudera, Inc., a leader in enterprise analytic data management powered by Apache Hadoop™, in its recently announced significant equity investment and broad strategic technology and business collaboration with Intel Corporation (NASDAQ: INTC), a world leader in computer innovation. This is Intel’s single largest investment in data center technology, and gives them an 18% share of Cloudera. The strategic collaboration and the equity investment are subject to standard closing conditions, including customary regulatory approvals.
With the new funds from Intel, the company’s goal is acceleration of customer adoption of big data solutions, making it easier for companies of all sizes to obtain increased business value from data by deploying open source Apache Hadoop solutions. More information on Cloudera’s significant equity investment from Intel can be obtained from the company press release.
The Fenwick transaction team was led by corporate partners Dave Bell and Gordy Davidson; corporate associates Niki Fang and Jay Wedge; and technology transaction partner Mark Ostrau.