IBM Acquires Nordcloud

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IBM to Acquire Nordcloud

On Monday Dec. 22, IBM (NYSE:IBM) announced an agreement to acquire Finnish cloud services company Nordcloud. Neither company disclosed the deal amount. Upon completion of the merger, Nordcloud will become an IBM company. The deal is subject to customary and regulatory approval and is on track to close in the first quarter of 2021.

Press Release Details

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

Granger continued, noting that IBM's acquisition of Nordcloud adds a "deep expertise" th...

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