The IBM logo is displayed on a smartphone.
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LONDON – IBM announced on Monday that it had taken over Finnish cloud consulting company Nordcloud for an undisclosed sum to gain an advantage in the increasingly fierce cloud wars.
Nordcloud was founded in 2011 and is headquartered in Helsinki, Finland. According to the LinkedIn page, Nordcloud currently has sales of around 50 million euros and employs over 450 people.
Cloud computing refers to when businesses and individuals use other people’s computer servers to perform a task on their computer or to store data in a location other than their hard drive. Hybrid cloud is the term used to define a combination of cloud environments, including public, private, and on-premises.
IBM said the acquisition will “boost” its hybrid cloud advisory ability.
John Granger, senior vice president and chief operating officer at IBM Global Business Services, said in a statement: “IBM’s acquisition of Nordcloud expands the know-how that drives our customers’ digital transformations and supports the further adoption of the IBM Hybrid Cloud -Platform. “
He added, “Nordcloud’s cloud-native tools, methodology and talent are a strong signal that IBM is committed to our customers’ successful journey to the cloud.”
The cloud market has been booming in recent years, and analysts from Gartner and IDC predict that professional cloud services will be a $ 200 billion market by 2024.
However, IBM faces stiff competition from Microsoft, Amazon Web Services and Google. The company recently attempted to rename itself a Hip Cloud stock, and last year acquired open source software provider Red Hat for $ 34 billion.
“The hybrid cloud approach from IBM complements our cloud-native approach to support customers with migration, management and modernization in the cloud, very well,” said Fernando Herrera, chairman and founder of Nordcloud, in a statement.
“As an experienced partner in today’s cloud ecosystems, we work with all public cloud providers for the benefit of our customers across Europe. I am delighted to use IBM’s open innovation mentality and to help improve its global presence.”