Hortonworks’ goal as a business is to advance the market adoption of Hadoop and provide enterprises with a new data management solution. Ultimately this would enable clients to harness the power of big data to transform their businesses through more effective and efficient management of their valuable data assets. A Hadoop cluster combines commodity servers with local storage and an open source software distribution to create a reliable distributed compute and storage platform for large data sets scalable up to petabytes.
The company’s enterprise-grade data management platform is built on a unique distribution of Apache Hadoop and powered by YARN, the next generation computing and resource management framework.
Hortonworks was founded in 2011, and during 2012 it launched the Enterprise Grade Hadoop platform, the Hortonworks Data Platform. At the end of September, the company had 233 support subscription customers and 292 total customers, including professional services customers, across a broad array of company sizes and industries.
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The company has entered into contracts to establish strategic relationships with Hewlett-Packard, Microsoft, Rackspace, Red Hat, SAP, Teradata and Yahoo, focused on tightly integrated development, marketing and support strategies to maximize the success of our solutions.
In the filing Hortonworks summarized its recent financials as:
We have achieved significant growth in recent periods. For the years ended April 30, 2012 and 2013, our revenue was $1.6 million and $11.0 million, respectively. For the eight months ended December 31, 2012 and 2013, our revenue was $4.8 million and $17.9 million, respectively. For the nine months ended September 30, 2013 and 2014, our revenue was $15.9 million and $33.4 million, respectively. For the twelve months ended September 30, 2014, our revenue was $41.5 million. For the years ended April 30, 2012 and 2013, our gross billings were $11.8 million and $17.6 million, respectively. Effective May 1, 2013, we changed our fiscal year end from April 30 to December 31. For the eight months ended December 31, 2012 and 2013, our gross billings were $9.7 million and $29.1 million, respectively. For the nine months ended September 30, 2013 and 2014, our gross billings were $24.4 million and $53.2 million, respectively. For the twelve months ended September 30, 2014, our gross billings were $65.7 million.
We experienced net losses of $11.5 million and $36.6 million for the years ended April 30, 2012 and 2013, respectively, $19.7 million and $46.2 million for the eight months ended December 31, 2012 and 2013, respectively, $48.4 million and $86.7 million for the nine months ended September 30, 2013 and 2014, respectively, and $101.5 million for the twelve months ended September 30, 2014.
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