atNorth, a Nordic service provider specializing in colocation, high-performance computing, and artificial intelligence, announced today its acquisition of Gompute, a provider of High Performance Computing (HPC) and data center services. Financial terms of the deal were not disclosed.
This is technology M&A deal number 242 that ChannelE2E and MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals for 2023, 2022, 2021, and 2020 listed here.
atNorth, founded in 2010, is based in Reykjavik, Iceland. The company has 76 employees listed on LinkedIn. atNorth’s areas of expertise include HPC, Colocation, Dedicated Servers, HPC Cloud, High Performance Computing, Data Center, Blockchain, Cryptocurrency, Hosting, HPCaaS, Hybrid HPC, AI, Artificial Intelligence, Hyperscale, sustainability, and renewable energy.
Gompute, founded in 2002, is based in Sweden. The company has eight employees listed on LinkedIn. Gompute’s areas of expertise include HPC cloud computing, HPC software stack, Colocation, and High Performance Computing.
As part of the acquisition agreement, atNorth says it will incorporate Gompute's Gothenburg, Sweden data center, which has a potential capacity of 10MW, into its current operations. This move is expected to solidify atNorth's presence in the rapidly growing HPC market.
The merging of Gompute's HPC technology, its team of engineers, and its customer base with atNorth's HPC-as-a-service and colocation platform aims to offer customers a comprehensive HPC and AI workload solution throughout the Nordic region, according to the company.
atNorth Acquires Gompute: Executive Commentary
Eyjolfur Magnús Kristinsson, CEO, atNorth, commented:
"Gompute has been at the forefront of running advanced high-performance applications for reputable organizations with a skilled engineering team for over 20 years. This acquisition is a crucial step in atNorth's growth strategy in the Nordics, and we look forward to integrating them into the atNorth family."
Daniel Persson, CEO and co-founder, Gompute, stated:
"Throughout our discussions, we recognized a shared ethos with atNorth. We believe atNorth's management, global reach, and strong Nordic presence will enhance our HPC services. Given our mutual values, commitment, and focus on the industry, we are enthusiastic about joining atNorth, confident in their ability to support our customers, offer growth opportunities for our staff, and drive necessary innovation in the HPC market."
"With the rising demand for HPC and AI workloads, our goal is to lead in innovation and technology, ensuring our customers receive optimal solutions for their current and future needs. This acquisition aids in meeting this demand efficiently, aligning with global market needs, and promoting sustainable IT practices from the Nordics."
atNorth is a Pan-Nordic data center services provider operating in Iceland, Sweden, and Finland. The company manages six data centers across these locations, with an additional facility set to open in Helsinki, Finland, in Q3 2024.