OK Cloudera, you say the world’s only commercial pure Open Source Hadoop distro provider, Hortonworks, doesn’t have a sustainable business model?
Well, let’s see Wall St. thinks.
Today, the company unveiled news that it confidentially filed its S-1 with the US Securities and Exchange Commission in August under the auspices of the JOBS Act. Form S-1 is used by companies planning on going public to register their securities with the SEC.
While many think that IPO’s are about founders cashing in on their blood sweat and tears, you can bet that Hortonworks is raising money for one specific reason — namely, to get the capital it needs to become the world’s predominant enterprise Hadoop provider.