IBM buys Finnish hybrid cloud firm

December 29, 2020 // By Nick Flaherty
IBM buys Finnish hybrid cloud firm
IBM has agreed to buy Nordcloud, a hybrid cloud provider based in Helsinki, Finland for an undisclosed sum.

Nordcloud has 453 staff in offices in 10 European countries and is one of the few providers triple certified in Amazon Web Services, Google Cloud Platform and Microsoft Azure. It has raised $25m in startup backing since being founded in 2011. 

"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."

"IBM's 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."

Following the close of the transaction in Q1 2021, Nordcloud will become an IBM Company.

www.ibm.com/services

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