Kyndryl

Kyndryl Holdings, Inc. is an American multinational information technology infrastructure services provider. Headquartered in New York City and created from the spin-off of IBM's infrastructure services business in 2021, the company designs, builds, manages and develops large-scale information systems. The company also has business advisory services. It is currently the world's largest IT infrastructure services provider, and the fifth-largest consulting provider.

History
Officially formed in late 2021, Kyndryl was created from the spin-off of IBM's infrastructure services, and comprises the bulk of the former IBM Global Technology Services. At year-end 2020, the spin-off had a portfolio of around 4,400 customers, including 75% of the Fortune 100. The company was given the name Kyndryl in April 2021, with "Kyn" referencing "kinship" and "Dryl" referencing "tendril". On November 4, 2021, Kyndryl completed its separation from IBM and began trading as an independent company on the New York Stock Exchange, with Martin Schroeter as chairman and CEO. Kyndryl operated in 63 countries in November 2021, and managed around 400 data centers. By November 2021, Kyndryl had also partnered with Microsoft to provide digital transformation services using Microsoft Cloud products. In December 2021, Kyndryl partnered with Google Cloud on digital transformation projects as well. Kyndryl announced new reporting segments for its finances in January 2022. Kyndryl partnered with Amazon Web Services in February 2022,  and in October 2022, Kyndryl and Microsoft created a data pipeline between Microsoft Azure and Kyndryl's zCloud platform. In 2022, as ranked by revenue, CRN placed Kyndryl No. 6 on its list of largest IT solution providers in North America. On September 28, 2023, the Financial Times quoted sources saying that Kyndryl was separating its Chinese arm, saying the decision was influenced by increased tensions between the United States and China. On 13 May 2024, Kyndryl announced the acquisition of Skytap and the divesture of Securities Industry Services to Broadridge Financial Solutions, as part of a portfolio optimization action.

Services
Focused on IT services for businesses, Kyndryl designs, builds, manages, and modernizes enterprise IT infrastructure systems, with capabilities in artificial intelligence as well as data and analytics. In late 2021, Kyndryl listed its six service areas as: cloud; security and resiliency; network and edge computing; digital workplace; core enterprise and zCloud; and applications, data, and AI. Kyndryl launched Kyndryl Bridge  and a business consulting segment in 2022.