IBM announced Monday that it has acquired Norwegian cloud consulting services provider Nordcloud.
Founded in 2011 and headquartered in Helsinki, Finland, Nordcloud has a current turnover of around 50 million euros and over 450 employees, according to its LinkedIn page. He added: "Nordcloud's cloud-native tools, methodologies and talent send a strong signal that IBM is committed to deliver our clients' successful journey to cloud."
However, IBM faces stiff competition from the likes of Microsoft, Amazon Web Services, and Google. It has been trying to rebrand itself as a hip cloud stock recently, and last year it acquired open source software provider Red Hat for $34 billion.
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