IBM to acquire Nordcloud to boost its Hybrid Cloud Consulting Capability

IBM is now going to acquire Nordcloud, a Finland-based provider of cloud implementation, managed services, and application transformation. The financial terms of the deal were not disclosed.

Nordcloud is founded by Fernando Herrera in the year 2011. It is a European leader in the cloud transformation services, which is certified in Microsoft Azure, Amazon Web Services, and Google Cloud Platform. The company has its offices in 10 European countries.

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

Fernando Herrera, Chairman, and Founder, Nordcloud, said, "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."

The acquisition deal is subject to customary closing conditions and is expected to close in the first quarter of FY 2021.

This acquisition deal helps to advances the IBM cloud migration and transformation capabilities.

According to IDC and Gartner, the market for cloud professional services will exceed around $200 billion by 2024.