IBM to acquire Finnish startup Nordcloud
IBM has announced an agreement to acquire Nordcloud, a European leader in cloud implementation, application transformation, and managed services. One of the reasons for acquiring Nordcloud is to advance IBM’s cloud migration and transformation capabilities, an important aspect of its hybrid cloud platform growth strategy.
“IBM’s acquisition of Nordcloud adds the kind of deep expertise that will drive our clients’ digital transformations as well as support the further adoption of IBM’s hybrid cloud platform. Nordcloud’s cloud-native tools, methodologies, and talent send a strong signal that IBM is committed to delivering our clients’ successful journey to the cloud,” said John Granger, Senior Vice President, Cloud Application Innovation and Chief Operating Officer, IBM Global Business Services.
Following the close of the transaction, Nordcloud will become an IBM Company. Financial details were not disclosed. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2021.
Nordcloud is recognized as the leading cloud-native Managed Services Provider that with over 1000 successful deployments has a proven track record enabling organizations to achieve their digital ambitions by leveraging the power of the public cloud. Nordcloud has 10 hubs in Europe, over 500 employees, and has delivered over 1000 successful cloud projects to date. Nordcloud’s mission is to help businesses become stronger, fitter, and more agile with a cloud.
Founded in 1911, following the merger of four companies in New York State by Charles Ranlett Flint, IBM is an American multinational technology company that provides hardware, software, cloud-based services, and cognitive computing.