Calif. software firm is expanding to Nashua
NASHUA — Cloudera, a closely watched Silicon Valley startup that develops big data management software, has expanded from California to New Hampshire, creating eight new jobs.
The Palo Alto-based company, founded in 2008, pioneered the business use of Hadoop software, an open-source distribution of Apache Hadoop for commercial and noncommercial customers.
Cloudera’s new office, located at 402 Amherst St. in Nashua, is a software engineering lab focused on testing and supporting the company’s big data products for its clients world wide.
“We chose Nashua because of its proximity to the Boston metro market and easy access to skilled software engineers” said Frank Liva, the company’s senior engineering director, in a news release. “Many experienced software engineers in Silicon Valley move from job to job, and we find that New Hampshire attracts a very stable and committed work force and offers a great quality of life.”
Michael Bergeron, business development manager for the New Hampshire Department of Resources and Economic Development, worked with Cloudera on its expansion.
The company recently made headlines when it hired a new CEO last month. Business Insider, which called the company “one of the most watched big data startups in the Valley,” said the appointment of Tom Reilly as the company’s new chief indicated it might be preparing for a public stock offering.
Reilly was previously CEO of security company ArcSight, which he sold to Hewlett-Packard for $1.5 billion two years after he arrived, a 24 percent premium for shareholders, Business Insider noted.
Cloudera raised $65 million in its fifth round of venture capital funding in December, bringing the company’s total funds to $140 million, according to Venture Beat.
Cloudera said it would use the funds to expand its global sales, including opening a European headquarters in the UK, according to its website. Cloudera says its customer base includes more than half of the Fortune 50, including AOL, CBS, eBay, Expedia, Experian, JP Morgan Chase, Monsanto, Morgan Stanley, Network Appliance, Nokia and BlackBerry.