Why IBM Is Buying Nordcloud

By Amit Chowdhry ● December 22, 2020
  • IBM (NYSE: IBM) recently announced an agreement to buy Nordcloud, a European leader in cloud implementation, application transformation, and managed services.

IBM (NYSE: IBM) recently announced an agreement to buy Nordcloud, a European leader in cloud implementation, application transformation, and managed services. And this acquisition further advances IBM’s cloud migration and transformation capabilities, an important aspect of its hybrid cloud platform growth strategy.

Based in Helsinki, Finland with offices in 10 European countries, Nordcloud’s mission is to help businesses become stronger and more agile with cloud. Over the past 10 years, the privately held company grew into a pan-European leader in cloud transformation services. And it is one of the few providers triple certified in Amazon Web Services, Google Cloud Platform, and Microsoft Azure.

After the close of the transaction, Nordcloud will become an IBM Company. The financial details were not disclosed. The deal is subject to customary closing conditions and is expected to close in the first quarter of 2021.

KEY QUOTES:

“IBM’s hybrid cloud approach is very complementary with our cloud-native approach to helping clients migrate, manage and modernize in the cloud. 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.”

— Fernando Herrera, Chairman and Founder, Nordcloud

“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.”

— John Granger, Senior Vice President, Cloud Application Innovation and Chief Operating Officer, IBM Global Business Services