Bengaluru, NFAPost: IBM announced that it will acquire the Finnish cloud firm Nordcloud, the Norwegian cloud consulting services provider, for an undisclosed amount.
Founded in 2011 and headquartered in Helsinki, Finland, Nordcloud has a current turnover of around 50 million euros ($61 million) and over 450 employees.
In October, IBM had said that it would be spinning-off the 109-year-old company to help focus on cloud computing. IBM Chief Executive Officer Arvind Krishna has acquired at least five startups from the hybrid cloud space since he assumed the role in April. IBM said the acquisition will “turbocharge” its hybrid cloud consulting ability.
John Granger, senior vice president and chief operating officer at IBM Global Business Services, said in a statement: “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.”
He further said,“Nordcloud’s cloud-native tools, methodologies and talent send a strong signal that IBM is committed to deliver our clients’ successful journey to cloud.”
Experts talking about IBM is far beyond the competition from Microsoft, Amazon Web Services, and Google. It has been trying to rebrand itself as a hip cloud stock recently, and last year it acquired open source software provider Red Hat for $34 billion.
“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.