NORDCLOUD: THE FASTEST GROWING CLOUD ENABLER IN EUROPE!

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Nordcloud #76 overall and top-ranked cloud business in Deloitte’s 2017 Technology Fast 500 EMEA

Helsinki, December 8th, 2017. Nordcloud, the Nordics’ market-leading public cloud infrastructure solutions and services enabler, has cemented its position as a force to be reckoned with in cloud infrastructure across Europe.

The international consultancy Deloitte ranked Nordcloud at #76 in its Technology Fast 500 for 2017, which lists the fastest growing technology companies in Europe, the Middle East and Africa, based on revenue growth.

During 2017, Nordcloud added eight, or a full 20% of the companies listed on the OMX40, the main Nordic stock index.

The company is focused on expansion and has adopted uncompromising targets for the period 2018 to 2020; it’s aiming to grow by 400%, boosting its current turnover of around €50M to over €200M. Currently employing around 250 people, Nordcloud also plans to recruit more than 150 new staff over the next 12 months to expand its R&D, fuel international growth and maintain its reputation for excellent service.

“The really significant thing isn’t that we’re Europe’s fastest growing public cloud enabler, but why we are,” says Nordcloud’s CTO Ilja Summala.

“Part of the answer lies in the fact that we saw the true potential in business of the cloud very early on, and moved forward on our cloud-focused path from 2011,” says Summala. “But mostly it’s that we’ve built a reputation for delivering what we promise and with excellence. Together with our partners and customers, we’ve realised our vision of bringing about truly agile and efficient corporate IT through hyperscale cloud and software.”

Nordcloud offers a unique mix of cloud-infrastructure and software expertise. Not only can Nordcloud engineers work with clients to translate their applications to the cloud, but they can create cloud native applications to order for clients including software that uses the latest innovations. Nordcloud is also expert in specifically European aspects of both IT infrastructure and software such as compliance with EU regulations and has teams in every territory where it has customers.

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    Nordcloud’s Fast! Makes Finland’s Top 5 Fastest Growing Tech Companies (Again)!

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    Nordcloud comes fifth in Deloitte’s 2017 Technology Fast 50TM

    Helsinki, December 1st, 2017. Nordcloud, the Nordic’s market-leading public cloud provider has been named one of Finland’s fastest growing technology companies by global consultants Deloitte.

    Nordcloud was placed at #5 in a list that ranks the fastest growing technology companies in Finland based on revenue growth, having established itself as the fastest growing public-cloud managed-service provider in Europe.

    The company has set ambitious targets for the years leading up to 2020. Nordcloud is aiming to quadruple its size with annual revenue to reach over €200m. It expects to almost double its staff in the next year alone, by recruiting more than 150 people to maintain its high levels of customer service, R&D, and international expansion.

    “Having topped the Finnish Fast 50 in 2016, this year’s results confirm that we’re continuing to grow incredibly strongly as we mature as a business,” says Nordcloud CTO Ilja Summala. “The company was launched in 2011 with a clear vision, inspired by the potential we saw for cloud services to give businesses the flexibility and speed they need to innovate, transform the way they do business, and develop their services.”

    “We’ve achieved this result with the help of outstanding partners and customers”, says Summala. “Together we’ve been rolling out our vision of transformed corporate IT using hyperscale cloud and software, with the greater agility and efficiency that brings”.

    Nordcloud is focussed on building a full-stack cloud-native system integrator with the aim of being the top Europe-wide choice and one that also addresses specifically European concerns such as compliance with EU regulations, as well as having a local presence on the ground in every territory where it has customers.

     

    About Nordcloud

    Founded in 2011, Nordcloud is a European leader in public cloud infrastructure solutions and cloud-native application services. Since 2012 it has completed more than 300 successful deployments that have helped its enterprise customers reap the full benefits of the cloud, including better security, agility, scalability and reduced costs.

    Nordcloud is forecast to turnover €50M in 2017 and employs 250 people at offices in Helsinki, Stockholm, Oslo, London, Munich, Amsterdam, Poznań and Malmö.

     

    The Deloitte Technology Fast 50

    The Deloitte Technology Fast 50 programme lists the 50 fastest growing technology companies in Finland based on revenue growth over the previous four years. The Finnish Fast 50 is part of Deloitte’s Technology Fast 500 EMEA and Global Technology 100 programmes and includes all areas of technology: from Internet to biotechnology; from medical and scientific to computers and both public and private companies.

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      Nordcloud – The fastest growing tech company; vision, timing and courage

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      To begin with, a big, big thank you to all our employees and customers. It wouldn’t have been possible to reach the top of Deloitte’s Technology Fast 50 listing had it not been for the dedicated professionals and customers who were brave enough to take the leap to new technology with us.

      When we started Nordcloud, we were just a bunch of guys with a vision that public cloud is going to be a strong trend for transforming IT infrastructure business globally. At that time in late 2011 there were no companies in Europe that were helping enterprises to utilise public cloud infrastructure services, so we decided to found one. Actually, after five years there still isn’t much focused competition in this field.

      In less than five years, we have grown over 3,000 percent, employ over 100 people in seven countries, and look to expand even further. We’ve helped over 200 enterprises to get the maximum business benefits and harness the power of the cloud, and we’ve no intention to stop here. In fact, we’re more determined than ever to become the number one in our field in Europe.

      Only about five percent of enterprises utilise cloud infrastructure to some extent. The Cloud market is worth hundreds of billions of euros in Europe alone, and we plan to take our unfair share of it. There’s still a lot of room to grow.

      But what has made Nordcloud such a success? The way I see it, it boils down to these three things:

      1) Vision. Nordcloud had a clear sense of what could and should be done from the beginning.

      We are now doing exactly the things we envisioned five years ago. This shows the strength of our original vision.

      We set our aim high and decided to go international from the beginning. We saw that Finland was too small market to be truly successful in our kind of business.

      2) Timing. We established Nordcloud just at the right time; besides not having much of a competition, we had pioneer clients who understood the benefits public cloud had to offer.

      We got off to a great start and have been able to grow our business without much external investment. We were able to build our company according to our own vision.

      3) Courage. This is the most important part. Without the courage to execute on the vision, we wouldn’t be where we are now.

      When we started, the cloud business was still very new. We were learning all the time while working together with our clients. When we saw what worked, we were able to replicate the solutions over different industries and across borders.

      We are still in the very early stages of the cloud revolution and digitalization is growing at an unprecedented pace. We want Nordcloud to be the best partner for enterprises in their digital transformation journey.

      And we will be up to this challenge. All it takes is a clear vision, a good sense of timing, and a dash of courage.

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      Let’s discuss how we can help with your cloud journey. Our experts are standing by to talk about your migration, modernisation, development and skills challenges.