![]() ![]() Business data for Kyndryl Holdings, Inc.IBM’s board of directors approves a brand new managed infrastructure services division, turning it into Kyndryl, a publicly-traded company that goes live next month.^ "IBM deliberately misclassified mainframe sales to enrich execs, lawsuit claims". ![]() ^ "Kyndryl and Delta Air Lines Extend Collaboration on Critical IT Infrastructure".^ "Kyndryl adds Google Cloud to its portfolio of multi-vendor partnerships".^ "Kyndryl Announces New Reporting Segments, Fiscal Year".^ "Tech giants like Microsoft and VMware are rushing to partner with Kyndryl, the spinoff of IBM's consulting arm".^ "IBM's IT services spin-off, Kyndryl, hits the market today".^ "India important market drives significant value for global customers: Kyndryl".^ "What is Kyndryl? IBM's managed infrastructure services spin-off explained".^ a b "Rivals eyeing IBM spinoff Kyndryl's sub-$50 million clients, experts say".^ "Kyndryl sees India as big opportunity for talent, growth: CEO".^ "Kyndryl starts in India with twice the market share of closest rival".^ a b "IBM names head of new IT infrastructure services company".^ "IBM names James Kavanaugh as CFO, replacing Schroeter".^ "IBM sheds 25% of its business in battle against decade of decline"."Kyndryl is IBM's wacky new name for its dry IT spinoff". ^ "The IT establishment is dressing in new clothes".^ "IBM to name infrastructure services business 'Kyndryl' after spinoff".^ a b "IBM's Services Spinoff Gets a Name.^ "IBM to break up 109-year old company to focus on cloud growth".^ "IBM revenue misses on weakness in legacy infrastructure unit".^ "IBM CEO discusses IT infrastructure service Kyndryl".^ a b "Kyndryl officially launches as IBM spins out $19B infrastructure services biz".^ a b c d "IBM Spinoff Kyndryl Starts Quest for Growth".^ "KYNDRYL REPORTS FOURTH QUARTER AND FULL-YEAR 2023 RESULTS".ĬEO Martin Schroeter was accused of defrauding stakeholders to enrich himself while he was CFO of IBM by making revenue from their mainframe business look like it was from "trendier" departments, such as cloud computing and AI. On, Kyndryl announced a 5-year extended agreement with Delta Air Lines to enhance its IT resiliency and scalability. It formed a strategic partnership with Google Cloud focused on digital transformation projects and helping enterprise customers become more data-driven and sustainable, combining the firms' capabilities in data and analytics, artificial intelligence, and infrastructure modernization. On January 31, 2022, Kyndryl announced it was changing its measures of geographic segment performance to Revenue and Adjusted EBITDA. Under the agreement, Microsoft became Kyndryl's Premier Global Alliance Partner, working together to accelerate hybrid cloud adoption, modernize business applications and processes, support workloads, and enable modern work experiences. Kyndryl partnered with Microsoft to provide digital transformation services using Microsoft Cloud products. It operates in 63 countries and manages over 400 data centers. It also has a customer advisory practice that combines managed services, advisory services and implementation. It is divided into six globally managed service areas: Kyndryl designs, builds, manages, and modernizes enterprise IT infrastructure systems. It is led by chairman and CEO Martin Schroeter, who was IBM's Chief Financial Officer from 2014 through the end of 2017. On November 4, 2021, Kyndryl completed its separation from IBM and began trading as an independent company on the New York Stock Exchange under the ticker KD. After having a placeholder name of NewCo, it was given the name Kyndryl in April 2021, with "Kyn" referencing "kinship" and "Dryl" referencing "tendril". At year-end 2020, it had a portfolio of nearly 4,400 customers, including 75% of the Fortune 100. Kyndryl comprises the bulk of the former IBM Global Technology Services. It is currently the world’s largest IT infrastructure services provider. It was created from the spin-off of IBM's infrastructure services business. is an American multinational information technology infrastructure services provider that designs, builds, manages and develops large-scale information systems.
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