The company is betting that private equity investment will boost its turnaround efforts in the competitive data management software space.
The merger of equals would combine Hadoop software developers with complementary strengths in data storage, advanced analytics, and data management.
The growing popularity of best-of-breed applications plays into the hands of data integrators like Talend.
The enterprise software firm would have a market cap between $2.2 billion and $2.4 billion — compared to the $4.1 billion valuation it received in 2014.
Six technology IPOs priced last week, with mixed results.
