ARMONK, N.Y., Dec. 21, 2020 /PRNewswire/ -- IBM (NYSE:
IBM) today announced 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.
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."
"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."
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. Financial details were not disclosed. The transaction
is subject to customary closing conditions and is expected to close
in the first quarter of 2021.
To learn more about IBM Global Business Services, please visit:
https://www.ibm.com/services.
Media Contact:
Clay
Helm
IBM External Relations
clay.helm@ibm.com
1Estimates based on Gartner and IDC 2024 projections
for cloud managed services and professional services.
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SOURCE IBM