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Cloudera acquires AI training and consultancy company

Published 09/08/2017, 11:01 AM
© Reuters.  Cloudera acquires AI training and consultancy company
  • Cloudera (NYSE:CLDR) acquires machine learning training and consulting company Fast Forward Labs.
  • The acquisition was announced in the company’s aftermarket Q2 earnings yesterday.
  • Terms not disclosed.
  • Fast Forward Labs teaches enterprises how to utilize AI trends to stimulate growth, which should meld well with Cloudera’s specialty of operating big data and machine learning projects on an open-source backbone.
  • Cloudera shares are down 2.2% despite reporting Q2 beats.
  • Previously: Cloudera beats by $0.08, beats on revenue (Sept. 7)
  • Now read: Workday Makes 2 Key Moves To Compete Against Salesforce.com (NYSE:CRM)


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