Add-on Acquisition • Information Technology

IBM Acquires Nordcloud Oy

On December 21, 2020, IBM acquired information technology company Nordcloud Oy

Acquisition Context
  • This is IBM’s 30th transaction in the Information Technology sector.
  • This is IBM’s 1st transaction in Finland.

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M&A Deal Summary

Date December 21, 2020
Target Nordcloud Oy
Sector Information Technology
Buyer(s) IBM
Deal Type Add-on Acquisition

Target Company

Nordcloud Oy

Helsinki, Finland
Nordcloud Oy is a provider of cloud implementation, application transformation, and managed services. Over the past 10 years, the privately held company has grown into a pan-European leader in cloud transformation services. It is one of the few providers triple certified in Amazon Web Services, Google Cloud Platform, and Microsoft Azure. Nordcloud was formed in 2011 and is based in Helsinki, Finland.
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Buyer Overview 1

Buyer

IBM

Armonk, New York, United States

Category Company
Founded 1911
Sector Information Technology
Employees270,300
Revenue 62.8B USD (2024)
DESCRIPTION
Entrance to IBM's corporate headquarters in Armonk, New York.
Entrance to IBM's corporate headquarters in Armonk, New York.

IBM is a global provider of information technology products and services. IBM's products and services include IT infrastructure and business process services, cloud computing, business analytics, and enterprise software. IBM was formed in 1911 and is based in Armonk, New York.


Deal Context for Buyer #
Overall 173 of 204
Sector: Information Technology 30 of 48
Type: Add-on Acquisition 153 of 181
Country: Finland 1 of 1
Year: 2020 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Expertus Technologies

Montreal, Quebec, Canada

Expertus Technologies, Inc. is a pioneer in cloud solutions for the financial services industry. More than 1,000 entities including banks, credit unions, regulatory agencies, and corporates around the globe process an average of over $50 billion daily on its payments platform. Expertus is also one of the largest North American services bureaus of the Society for Worldwide Interbank Financial Transactions (SWIFT), the vast network used by banks and other financial institutions to manage money transfers and treasury transactions. Expertus Technologies, Inc. was founded in 2001 and is based in Montreal, Québec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 7Summits

Milwaukee, Wisconsin, United States

7Summits LLC is an online communities solutions provider that brings together the best creative talent with strong business acumen so that great things can happen. 7Summits deliver top-line revenue growth and bottom-line productivity improvement by focusing on both consumer influence and employee collaboration. 7Summits was founded in 2009 and is based in Milwaukee, Wisconsin.

Buy -