IBM to Acquire Finnish Nordcloud to Add Multi-cloud Consulting Expertise

Tech giant IBM announced this week that it has acquired Finnish cloud consulting services provider Nordcloud to “turbocharge” its hybrid cloud consulting ability.

Founded in 2011 and headquartered in Helsinki, Finland, Nordcloud has a current turnover of around 50 million euros ($61 million) and over 450 employees, according to its LinkedIn page.

The companies did not share the purchase price.

According to John Granger, senior vice president for cloud application innovation and COO for IBM Global Business Services, IBM’s customers are increasingly looking for help managing resources across multiple vendors, as well as on premises.

“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,” said Granger.

The deal is expected to close in the first quarter next year and is subject to typical regulatory approvals. Once the deal closes, Nordcloud will become an IBM company.

“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 of Nordcloud, in a statement.

“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.”

Disclaimer: We have no position in any of the companies mentioned and have not been compensated for this article.