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Intel CIO jumps onto Cloudera's board, scattering cash
Chip giant's info chief arrives clutching hundreds of millions of dollars for Hadoop firm
Intel chief information officer Kim Stevenson has joined the Board of Directors of Hadoop company Cloudera, bringing with her vast amounts of money.
The Hadoop company announced the appointment on Monday, noting that Intel recently gave it an eye-watering $740m in funding as part of a $900m financing round that was announced in late May.
Cloudera also revealed that some of its employees must now be rather rich, as that financing round included $530m of "primary capital" (aka, money for the company), and $370m in "shares purchased from existing Cloudera investors."
Stevenson was made Intel's CIO in January 2012, having previously run the company's Global IT Operations and Services division. There, Stevenson saw the nasty guts of the chipmaker's own IT systems and got a thorough understanding of the needs, wants, and frustrations of the modern IT enterprise. Prior to that she spent seven years at EDS and a whopping 18 years at IBM.
"Together, Cloudera and Intel have committed to bring innovation to enterprise data management," said Stevenson in a canned quote.
"We are enabling the next generation of enterprise data through enterprise data hubs – a single central system to store and analyze all data – with leading technology to both drive IT efficiency and enable the monetization of big data. I look forward to working with the Cloudera board and management team to pursue this substantial growth opportunity."
With an Intel exec on the board and some vacant broom closets bulging with gold, Cloudera is staring at the back end of 2014 with steely determination, keen to press Hadoop into more lucrative confines. ®