IBM has announced an agreement to acquire European cloud startup Nordcloud for an undisclosed sum. The move further advances IBM’s cloud migration and transformation capabilities, a critical aspect of its hybrid cloud platform growth strategy.

Headquartered in Helsinki, Finland with offices in 10 European countries, Nordcloud is one of the few providers triple certified in Amazon Web Services, Google Cloud Platform and Microsoft Azure.

Over the past 10 years, the privately held company has grown into a pan-European leader in cloud transformation services.

“Nordcloud’s cloud-native tools, methodologies and talent send a strong signal that IBM is committed to deliver our clients’ successful journey to cloud,” said John Granger, Senior Vice President, Cloud Application Innovation and Chief Operating Officer, IBM Global Business Services.

Following the close of the transaction, Nordcloud will become an IBM Company. The transaction is likely to close in the first quarter of 2021.