IBM (NYSE: IBM) reported an agreement to acquire Nordcloud. This touts IBM’s push towards cloud migration and transformation capabilities. Nordcloud aims to help strengthen and allow for a better fit for businesses in the cloud. “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.”
IT industry analysts anticipate the market for cloud professional services will exceed USD 200 Billion by 2024. IBM is open and flexible in its approach to advising, moving, building and managing clients hybrid environments gives enterprises the options to choose from numerous providers to best meet their business and IT needs.
At the close of the transaction, Nordcloud will become an IBM company as financial details were not disclosed. Subject to customer closing conditions, the transaction is expected to close in the first quarter of 2021.