OP Corporate Bank will exit with the cloud implementation services provider in a purchase by IBM following more than $26m in debt and equity financing.
Computing technology group IBM agreed yesterday to acquire Finland-based cloud infrastructure and services provider Nordcloud in a deal of undisclosed size that will enable financial services firm OP Corporate Bank to exit.
Founded in 2011, Nordcloud supplies technology that helps organisations build and maintain software using functions hosted by cloud service providers such as Amazon Web Services and Google Cloud in order to reduce costs and lead times.
IBM expects the acquisition to strengthen its hybrid cloud services, which integrate…
