KMTUY - Cloudera To Acquire Arcadia For Machine Learning Tech
Quick Take
Cloudera (CLDR) announced it has agreed to acquire Arcadia Data for an undisclosed amount.
Arcadia Data provides cloud business intelligence and real-time data analytics software.
CLDR is acquiring Arcadia to use its ArcEngine product to add machine learning capabilities to its analytics functions, effectively anticipating users information needs.
Target Company
San Mateo, California-based Arcadia was founded in 2012 to develop a cloud-based, machine learning enabled business intelligence and real-time data analytics platform for enterprises.
Management is headed by Co-Founder and CEO Sushil Thomas, who was previously Distributed Systems Architect at