Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

IBM Completes Acquisition Of Helsinki’s Cloud Firm Nordcloud

By John F. Heerdink, Jr.

As per reports, International Business Machines Corporation (IBM) has acquired Helsinki, Finland based cloud consulting services provider, Nordcloud, for an undisclosed amount. Founded in 2011, Nordcloud currently has a  turnover of around 50 million euros with 400+ employees.

Cloud computing refers to when companies, individuals, and organizations use someone else’s computer servers to perform a task on their machine or store some data in a place that isn’t their hard drive. The acquisition will “turbocharge” its hybrid cloud consulting ability, informed IBM.

IBM faces tough competition from the likes of Microsoft, Amazon Web Services, and Google. Recently, the company has been trying to rebrand itself into cloud computing. Last year it acquired open-source software provider Red Hat for $34 billion.

John Granger, senior vice president and chief operating officer at IBM Global Business Services, stated “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.”

Dow 30 component International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. To learn more about International Business Machines Corp (IBM) and to track its ongoing progress please visit the Vista Partners IBM Coverage Page


Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners and receive our FREE email updates throughout the week and view our exclusive content and research.

Post View Count : 319
(Read Original Story: IBM snaps up Finnish cloud firm Nordcloud as battle with AWS, Microsoft and Google heats up in CNBC)


Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us