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[ad_1] The post Cloudera Is Going Private In a $5.3 Billion Deal appeared first on Millennial Money. Enterprise data specialist Cloudera (NYSE: CLDR) has lagged the broader market since its IPO in 2017. Activist investor Carl Icahn took a stake in the company a couple of years ago and began pushing for a company sale to maximize shareholder value. Rumors of a potential takeover have circulated over the past year. Well, the infamous corporate raider just got what he was looking for, as Cloudera announced this week that it will go private in a $5.3 billion deal.  Just $1 more than the IPO price Private equity giants Clayton, Dubilier & Rice (CD&R) and KKR have agreed to acquire Cloudera for $16 per share in cash, which represents a 24% premium to Friday’s closing price. That price tag values the company at $5.3 billion.  Additionally, the offer of $16 per share is just $1 higher than Cloudera’s IPO price of $15. Investors who bought in directly to the public debut three years ago and still hold those shares will only enjoy modest gains. Chip juggernaut Intel (NASDAQ: INTC) had previously invested in Cloudera prior to its IPO at $30.92 per share, but Cloudera bought back that stake in late 2020 for just $12.05 per share. “This transaction provides substantial and certain value to our shareholders while also accelerating Cloudera’s long-term path to hybrid cloud leadership for analytics that span the complete data lifecycle—from the Edge to AI,” Cloudera CEO Robert Bearden said in a statement. “We believe that as a private company with the expertise and support of experienced investors such as CD&R and KKR, Cloudera will have the resources and flexibility to drive product-led growth and expand our addressable market opportunity.”   Cloudera has a 30-day go-shop period where it can solicit competing bids from alternative suitors.  2 other announcements In separate news, Cloudera also reported fiscal first-quarter earnings. Total revenue increased 7% to $224.3 million, and annual recurring revenue (ARR) now stands at $805 million. Adjusted subscription gross margin expanded to 91%, and Cloudera finished the quarter with $903 million in cash. That all resulted in adjusted earnings per share of $0.12.  On top of that, the company said it had agreed to acquire two other software-as-a-service (SaaS) companies, Datacoral and Cazena. Datacoral operates a cloud-based data pipeline platform that integrates with other data lakes and data warehouses, while Cazena is an automated data lake that can bolster the performance of artificial intelligence and machine learning (AI/ML) workloads. Cloudera did not disclose financial terms for either transaction, but both deals are expected to close this quarter. The other news announcements are no longer relevant to public investors due to the pending acquisition, so Cloudera canceled its earnings conference call accordingly. The deal with CD&R and KKR is expected to close in the second half of 2021. Pick Like A Pro Where to invest $500 right now Before you buy Amazon, or Netflix, or Apple, consider this… The team at Motley Fool first recommended each of those stocks more than a dozen years ago! They discovered Netflix for $1.85 per share, back in the days of DVDs by mail. And recommended Amazon at $15.31 in 2002, before most people were comfortable using credit cards online. And even hit Apple at $4.97 per share, about a month before the release of the very first iPhone. Check out where those stocks are today. The bottom line: a $500 investment in all three of these stocks would be worth more than $200,000 today! And here’s why that’s important: The Motley Fool’s flagship investing service Stock Advisor just announced their top 10 “best buys now” across the entire stock market. Whether you’re starting with $100, $500, or more, you’ll want to get the full details! Click here to learn more The post Cloudera Is Going Private In a $5.3 Billion Deal appeared first on Millennial Money. [ad_2] Source link

[ad_1] Welcome to my book update post where I share what books I finished recently + my honest thoughts and star ratings of them. My Reading Goals for 2021 For 2021, I set a goal of reading 3 books per week —  1 fiction book, 1 non-fiction book, and 1 audiobook each week. I know this is an audacious goal, but reading is something I love and it’s a way I learn, challenge my mind, improve as a writer and communicator, and am refreshed and encouraged through inspiring stories. I have a few shelves full of books (mostly that I’ve gotten free), so I decided to choose 52 books from off my shelf to read this year (see my list of 52 books I plan to read in 2021 here). I’ll also read other books that I find/am sent that pique my interest. Plus, I plan to go through a lot of audiobooks (I get mine free from the Libby app). Here are three books I finished recently… Mama Bear Apologetics: Empowering Your Kids to Challenge Cultural Lies As parents, our heart is to raise kids who know how to think, wrestle through what they believe and why they believe it, and be able to stand alone in their convictions — even if no one else agrees. Mama Bear Apologetics is well worth reading if you are a Christian parent who struggles to know how to help your kids navigate difficult topics from a Biblical perspective. You might not end up agreeing with the authors’ beliefs or convictions in all areas, but this book will make you think and examine who you believe, why you believe it, and how you are interacting with others around your beliefs. AND, it will also help better equip you to have meaningful conversations with your kids. One critique I did have of it is that I felt like the first part of the book was kind of fear-based. As in, if you don’t know how to have these conversations and you don’t teach your kids this, here are all the bad things that could happen. While I understand that empowering our kids to challenge the cultural lies is important, I don’t think we should do it motivated by fear, but out of a desire to point our kids to Jesus and to honor Him with our lives because we are so loved by Him. I want to make sure I am parenting out of faith not fear. Verdict: 4 stars Praying Women: How to Pray When You Don’t Know What to Say I listened to this on audiobook and while I felt like it was a lot of stuff I’d heard/learned/thought of before, it was a good refresher. Sheila narrated the audiobook and I love her Scottish accent and her hilarious stories and honesty. If you are new to prayer, if you are frustrated by the idea of prayer, or if you are cynical about prayer, I think you will especially appreciate this book. Verdict: 3 stars The Chance This audiobook was available to listen to for free on Libby and since I often enjoy Karen Kingsbury, I downloaded it. I figured out — after listening to a few chapters — that I thought I might have already read or listened to it a few years ago. As it went on, I realized that I had, but I was invested enough into it, that I went ahead and finished it! It wasn’t one of my favorite Karen Kingsbury novels, but it overall, it was a good listen. It was such a reminder how our decisions can have such profound impact — either good or bad — on others. Verdict: 3 stars [ad_2] Source link

[ad_1] Departure of U.S. oilfield service firms could help margins return [ad_2] Source link

[ad_1] The response from DoT came after certain firms expressed apprehension that the delay in issuance of guidelines could mean a smaller window for meeting the targets as two months of the new fiscal have already passed and the selection process of the companies has not started in the absence of guidelines. [ad_2] Source link

[ad_1] Brena NathHW+ Managing Editor This issue marks my first issue overseeing the magazine with a cover photoshoot, and wow, Matt Jones, who is portrayed on the cover, really set the bar high when it comes to what it means to be a Rising Star. He formerly served as senior counsel for the Senate Committee on Banking, Housing, and Urban Affairs, and currently, he serves as senior counsel for the U.S. Senate Finance Committee. His list of accomplishments includes being the principal drafter of the mortgage forbearance program enacted through the CARES Act, which reshaped the mortgage industry and enabled more than 4 million homeowners to hit the pause button on their mortgage. But it’s not simply his monumental role in creating housing relief during the COVID-19 pandemic that makes him a Rising Star, it’s also everything he did leading up to that moment that truly makes him an exemplary young influencer in the housing sector. It’s this same willpower, steadfastness and determination to push through adversity that defines this year’s winners. From leading their team through a massive refinance boom and quickly developing new technology to meet the unique needs of 2021 to driving the adoption of eClosings and delivering relevant training to lenders and agents on how to navigate the pandemic, we’re excited to present this year’s class of Rising Stars. This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 per day. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis Exclusive access to the HW+ Slack community and virtual events HousingWire Magazine delivered to your home or office BECOME A MEMBER TODAY Already a member? log in The post HousingWire Magazine: June 2021 appeared first on HousingWire. [ad_2] Source link

[ad_1] These Plush Throws look SO cozy! Today only, Zulily has Plush Throws for just $9.99! There are so many cute colors and patterns to choose from. Shipping starts at $5.99. But if you place one order today, the rest of your orders will ship for FREE through 11:59 p.m. PT tonight! [ad_2] Source link

[ad_1] Kyrgyzstan in full control of Kumtor gold mine as Centerra takes legal action [ad_2] Source link

[ad_1] CBSE Class XII Board 2021 exams cancelled: After the announcement, the CBSE has assured that the results of the Class XII students would be declared in a ‘time-bound’ manner. [ad_2] Source link

[ad_1] As the real estate industry braces for the end of forbearance moratoriums, housing experts are anticipating an increase in foreclosures and REO activity. In preparation for that influx, asset managers, servicers and investors need to ensure they have the tools and technology to successfully navigate this unpredictable time. Pyramid Platform, Radian’s award-winning asset management technology, can help users swiftly adapt to fluctuations in the REO environment. Pyramid Platform automates and organizes every step of the REO asset management process through a secure web-based portal. Pyramid Platform users can customize their REO management workflow to trigger tasks based on their unique needs. This helps users execute and manage investment strategies, from listing to liquidation. In addition, Pyramid Platform offers users a variety of other workflows, including deed-in-lieu, short sale, acquisition, rental management, and more. “Following an unprecedented year like 2020, Radian’s Pyramid Platform allows clients to prepare for changes,  as they happen in real time, through customized and intuitive workflows that help them more effectively and efficiently manage their real estate portfolios,” said Tim Reilly, EVP, Asset Management Operations.  With features like drag-and-drop uploading, automatic document labeling and expense tracking, Pyramid makes managing a real estate portfolio simple and intuitive. Pyramid Platform also simplifies reporting via customizable dashboards where users can track key performance indicators, tasks, and timelines.  “Clients can utilize real-time and customizable reporting, as well as direct data warehouse access,” said Rebecca Smith, VP, Sales and Business Development. “Robust, transparent reporting is essential for asset managers who want to proactively manage their portfolios and track progress.” With Pyramid Platform, clients can also:  Access Radian’s network of thousands of vendors. Prioritize tasks with effective role-based dashboards. Integrate with Radian’s various pricing products. Take advantage of built-in logic and validations that save time and improve data integrity. Reduce delays and navigate the real estate closing process with ease.  As the market fluctuates, servicers and asset managers need flexible tech that allows them to focus their talent on strategy rather than managing repetitive tasks. Pyramid Platform uses intelligent automation to lift the load and helps improve ROI, whether the user is managing 40 properties or 4,000. “Our customers choose Pyramid Platform because it allows them the flexibility to design their optimal workflow, manage their real estate assets, and nimbly pivot as the needs of those portfolios may change to match market conditions,” added Smith. “The platform was designed by users in today’s ever-changing environment who understand that the most efficient and effective workflow solutions are those that can be customized quickly and adjusted easily to meet user preferences and specific client needs.”  Now is the time for savvy asset managers, servicers and investors to prepare for the anticipated wave of foreclosure activity coming and ensure they have the people, processes, and technology ready to meet the challenge ahead.    “Our award-winning asset management technology is prepared to handle the influx of loss mitigation, foreclosure, eviction, and REO activity when moratoriums are lifted, and with its scalability, the system can quickly help portfolio investors, servicers and outsource providers to be prepared for the rapidly changing real estate market,” said Reilly. Tim Reilly, EVP, Asset Management Operations Tim Reilly oversees Radian’s asset management services, including real estate owned (REO), single-family rental (SFR) and technology platforms. Rebecca Smith, VP, Sales and Business Development Rebecca Smith supports business growth by managing communications, maintaining strong relationships and leading the company’s initiative of providing the highest level of client service. The post Radian’s Pyramid Platform automates every step of the real estate process appeared first on HousingWire. [ad_2] Source link

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