{"id":27299,"date":"2014-11-11T03:41:57","date_gmt":"2014-11-11T08:41:57","guid":{"rendered":"http:\/\/www.opensource.im\/?p=27299"},"modified":"2014-11-11T03:41:57","modified_gmt":"2014-11-11T08:41:57","slug":"hortonworks-nears-a-hadoop-ipo-open-source-software-company-files-to-raise-100-million","status":"publish","type":"post","link":"https:\/\/euvolution.com\/open-source-convergence\/open-source-software\/hortonworks-nears-a-hadoop-ipo-open-source-software-company-files-to-raise-100-million.php","title":{"rendered":"Hortonworks nears a Hadoop IPO: Open source software company files to raise $100 million"},"content":{"rendered":"<p><p>    Hortonworks, which develops and supports open source    distribution of Apache Hadoop for enterprises, filed on Monday    with the SEC to raise up to $100 million in an initial public    offering.  <\/p>\n<p>    Hadoop is used for distributed storage and processing of data    using clusters of commodity servers. Apache's open source    Hadoop software framework was developed in the 2000s with major    investments from Yahoo! ( YHOO ). Hortonworks was    formed in 2011 when Yahoo! spun off its Hadoop engineering team    with backing from Benchmark Capital.The company notes    that Microsoft ( MSFT ) is its largest    customer, representing over 20% of year-to-date revenue.  <\/p>\n<p>    The Palo Alto, CA-based company, which was founded in 2011 and    booked $52 million in support and services revenue for the 12    months ended September 30, 2012, plans to list on the NASDAQ    under the symbol HDP. Hortonworks initially filed    confidentially on June 27, 2014. Goldman Sachs, Credit Suisse    and RBC Capital Markets are the joint bookrunners on the deal.    No pricing terms were disclosed.  <\/p>\n<p>    Investment Disclosure: The information and    opinions expressed herein were prepared by Renaissance    Capital's research analysts and do not constitute an offer to    buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the    Global IPO Fund (symbol: IPOSX) , may have    investments in securities of companies mentioned.  <\/p>\n<p>  The views and opinions expressed herein are the views and  opinions of the author and do not necessarily reflect those of  The NASDAQ OMX Group, Inc.<\/p>\n<p><!-- Auto Generated --><\/p>\n<p>See more here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.nasdaq.com\/article\/hortonworks-nears-a-hadoop-ipo-open-source-software-company-files-to-raise-100-million-cm412207\/RK=0\/RS=RemQfbKSUvCuNKhTGuR0cJUbqxM-\" title=\"Hortonworks nears a Hadoop IPO: Open source software company files to raise $100 million\">Hortonworks nears a Hadoop IPO: Open source software company files to raise $100 million<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Hortonworks, which develops and supports open source distribution of Apache Hadoop for enterprises, filed on Monday with the SEC to raise up to $100 million in an initial public offering. Hadoop is used for distributed storage and processing of data using clusters of commodity servers. Apache's open source Hadoop software framework was developed in the 2000s with major investments from Yahoo! ( YHOO )<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-27299","post","type-post","status-publish","format-standard","hentry","category-open-source-software"],"_links":{"self":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/posts\/27299"}],"collection":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/comments?post=27299"}],"version-history":[{"count":0,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/posts\/27299\/revisions"}],"wp:attachment":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/media?parent=27299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/categories?post=27299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/tags?post=27299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}