IBM announced that is it acquiring Nordcloud, a Finnish service provider that helps organizations and enterprises with cloud projects. The financial terms are still under wraps. However, if everything works out well, the transaction could be done by the first quarter of 2021.
Nordcloud was founded in 2011 and has annual revenues exceeding $60 million, according to information posted in LinkedIn.
The firm helps enterprises monitor their workloads, optimize cloud infrastructure and manage public cloud environments. Nordcloud also has training services where enterprise customers can have their IT teams familiarize themselves with the cloud and its intricacies. IBM will get all this and the software engineering knowledge the company has amassed.
In addition to helping companies deal with their cloud management, Nordcloud also provides app development services and helps its customers move workloads to the cloud. The company has certification to take projects from the top three infrastructure-as-a-service platforms.
John Granger, the Chief Operating Officer of IBM Global Business Services division said that IBM clients are taking a more holistic approach to app modernization, so they can operate across a traditional IT environment, public clouds and private clouds.
Nordcloud has the cloud-native tools, means and talent, to send a signal to IBM’s clients, that the company is committed to deliver what they need, to successfully move to the cloud.
A hybrid cloud future
The acquisition will push IBM’s plan to refocus its core business on the hybrid cloud market ahead. As part of the move, the company announced that it will spin off its $19 billion managed infrastructure services business into a company of its own under the IBM umbrella.