IBM announced an agreement to acquire Nordcloud, a European leader in cloud implementation, application transformation, and managed services. The acquisition advances IBM’s cloud migration and transformation capabilities. The financial details of the agreement were not disclosed. Due to the agreement, Nordcloud will become an IBM Company. IBM also stated that the transaction is expected to close in the first quarter of 2021.
Hybrid cloud platform growth strategy
Helsinki-headquartered Nordcloud currently has offices in 10 European countries and aims to help businesses become stronger, fitter, and more agile with the cloud. Nordcloud is recognized as a leader in public cloud services in Gartner’s Magic Quadrant and The Financial Times’ league table of fast-growing European companies. The company is also triple certified in Amazon Web Services, Google Cloud Platform, and Microsoft Azure. John Granger, Senior Vice President, Cloud Application Innovation and Chief Operating Officer, IBM Global Business Services, said,
“Our clients are increasingly taking a more holistic approach to application modernization that allows them to operate across a traditional IT environment, private cloud, and public clouds. 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 deliver our clients’ successful journey to cloud.”