IBM IBM and Cloudera Inc CLDR have partnered in a deal that allows the companies to co-sell data applications.
IBM will be able to resell Cloudera Enterprise data and DataFlow and in return, Cloudera will begin to resell IBM's Watson Studio And BigSQ.
"By teaming more strategically with IBM we can accelerate data-driven decision making for our joint enterprise customers who want a hybrid and multi-cloud data management solution with common security and governance," said Scott Andress, Vice President of Global Channels and Alliances, Cloudera.
Cloudera shares traded higher by 2.2% to $5.86 in Friday's pre-market session.
Related Links:
Options Trader Makes Aggressive Bullish Play On Cloudera Rebound
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.