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External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. IBM to acquire Nordcloud Source: IBM IBM (NYSE: IBM) today announced an agreement to acquire Nordcloud, a European leader in cloud implementation, application transformation and managed services. Today's news further advances IBM's cloud migration and transformation capabilities, an important aspect of its hybrid cloud platform growth strategy. Headquartered in Helsinki, Finland with offices in 10 European countries, Nord...

Posted on 4168 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...

Author Bio Will Healy is a freelance financial writer who has had a lifelong interest in the stock market, along with numerous, less-useful pursuits. Will pursued his passion for writing after working in the corporate world as both an analyst and an insurance sales professional. He holds a bachelor's degree from Texas A&M Univesity, and M.S. from the University of North Texas, and an MBA in finance and strategy from the University of Texas at Dallas Jindal School of Management. Follow @HealyWriting The hybrid cloud acquisitions continue for IBM (NYSE:IBM) ...

Cloud computing refers to when companies and individuals 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. Hybrid cloud is the term used to define a combination of cloud environments including public, private and on-premise.  IBM said the acquisition will "turbocharge" its hybrid cloud consulting ability. John Granger, senior vice president and chief operating officer at IBM Global Business Services, said in a statement: "IBM's acquisition of Nordcloud adds the kind of deep expertise that will drive our clients'...

SHARE IBM Corp. today disclosed that it’s buying Nordcloud Ltd., a Finland-based professional services provider that assists enterprises with their cloud projects. The financial terms of the deal were not disclosed. If everything goes according to plan, the transaction will wrap up in the first quarter of 2021.  Nordcloud, founded in 2011, has annual revenues of more than 50 million euros or $61 million, according to information posted to its LinkedIn page. The firm helps organizations manage their public cloud environments, monitor workloads for issues and optimize infrastructure use. Mor...