IBM has agreed to acquire Nordcloud, a European company that deals with cloud implementation, application transformation and managed services.
In a statement, the computing company says the news further advances IBM's cloud migration and transformation capabilities, an important aspect of its hybrid cloud platform growth strategy.
Headquartered in Helsinki, Finland with offices in 10 European countries, Nordcloud’s mission is to help businesses become stronger, fitter and more agile with cloud.
IBM notes that over the past 10 years, the privately held company has grown into a pan-European leader in cloud transformation services.
“Our clients are increasingly taking a more holistic approach to application modernisation that allows them to operate across a traditional IT environment, private cloud and public clouds,” says John Granger, senior vice president of cloud application innovation and chief operating officer at IBM Global Business Services.
“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.”
“IBM's hybrid cloud approach is very complementary with our cloud-native approach to helping clients migrate, manage and modernise in the cloud,” says Fernando Herrera, chairman and founder of Nordcloud.
"As an experienced partner in today's cloud ecosystems, we work with all of the public cloud providers for the good of our clients throughout Europe. I am very excited to embrace IBM's open innovation mindset and help grow its global footprint."
According to IBM, leading IT industry analysts estimate the market for cloud professional services will exceed $200 billion by 2024.
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.
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