IBM Buys Nordcloud for Hybrid Cloud Consulting Capability
December 21, 2020
IBM inked an agreement to acquire Nordcloud, a European leader in cloud
implementation, application transformation and managed services. Today's news
further advances IBM's cloud migration and transformation capabilities, an
important aspect of its hybrid cloud platform growth strategy.
Financial details were not disclosed.
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. From Gartner's Magic Quadrant to The Financial Times' league table
of fast-growing European companies, Nordcloud is recognized as a leader in
public cloud services. Over the past 10 years, the privately held company has
grown into a pan-European leader in cloud transformation services. It is one of
the few providers triple certified in Amazon Web Services, Google Cloud Platform
and Microsoft Azure.
"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," said John Granger, Senior Vice President,
Cloud Application Innovation and Chief Operating Officer, 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."
hybrid cloud approach is very complementary with our cloud-native approach to
helping clients migrate, manage and modernize in the cloud," said Fernando
Herrera, Chairman and Founder, 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."
Leading IT industry analysts estimate the market for cloud professional services
will exceed $200 billion by 2024.1 IBM's open and flexible approach to advising,
building, moving and managing clients' hybrid environments gives enterprises the
freedom to choose from multiple providers to best meet their business and IT
needs. This acquisition is the latest example of how IBM is expanding the
breadth and depth of its hybrid cloud offerings to manage complex integrations –
of technologies, people and processes.
Following the close of the transaction, Nordcloud will become an IBM Company.
The transaction is subject to customary closing conditions and is expected to
close in the first quarter of 2021.