Kyndryl Holdings, Inc. is an American multinational

information technology Information technology (IT) is a set of related fields within information and communications technology (ICT), that encompass computer systems, software, programming languages, data processing, data and information processing, and storage. Inf ...

infrastructure services provider, headquartered in New York City and created from the

spin-off Spin-off, Spin Off, Spin-Off, or Spinoff may refer to: Entertainment and media *Spinoff (media), a media work derived from an existing work *''The Spinoff'', a New Zealand current affairs magazine * ''Spin Off'' (Canadian game show), a 2013 Canad ...

IBM International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...

's infrastructure services business in 2021. The company designs, builds, manages and develops large-scale

information system An information system (IS) is a formal, sociotechnical, organizational system designed to collect, process, Information Processing and Management, store, and information distribution, distribute information. From a sociotechnical perspective, info ...

s. 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

'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 The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

, with Martin Schroeter as chairman and CEO. Kyndryl operated in 63 countries in November 2021, and managed around 400

data center A data center is a building, a dedicated space within a building, or a group of buildings used to house computer systems and associated components, such as telecommunications and storage systems. Since IT operations are crucial for busines ...

s. By November 2021, Kyndryl had also partnered with

Microsoft Microsoft Corporation is an American multinational corporation and technology company, technology conglomerate headquartered in Redmond, Washington. Founded in 1975, the company became influential in the History of personal computers#The ear ...

to provide

digital transformation Digital transformation (DT) is the process of adoption and implementation of digital technology by an organization in order to create new or modify existing products, services and operations by the means of translating business processes into a d ...

services using Microsoft Cloud products. In December 2021, Kyndryl partnered with

Google Cloud Google Cloud Platform (GCP) is a suite of cloud computing services offered by Google that provides a series of modular cloud services including computing, data storage, data analytics, and machine learning, alongside a set of management tools ...

on digital transformation projects as well. Kyndryl announced new reporting segments for its finances in January 2022. Kyndryl partnered with

Amazon Web Services Amazon Web Services, Inc. (AWS) is a subsidiary of Amazon.com, Amazon that provides Software as a service, on-demand cloud computing computing platform, platforms and Application programming interface, APIs to individuals, companies, and gover ...

in February 2022, and in October 2022, Kyndryl and Microsoft created a

data pipeline In computing, a pipeline, also known as a data pipeline, is a set of data processing elements connected in series, where the output of one element is the input of the next one. The elements of a pipeline are often executed in parallel or in time- ...

between

Microsoft Azure Microsoft Azure, or just Azure ( /ˈæʒər, ˈeɪʒər/ ''AZH-ər, AY-zhər'', UK also /ˈæzjʊər, ˈeɪzjʊər/ ''AZ-ure, AY-zure''), is the cloud computing platform developed by Microsoft. It has management, access and development of ...

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 The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...

'' 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 Broadridge Financial Solutions, Inc. is a public corporate services and financial technology company. Headquartered in Lake Success, New York, the company was founded in 2007 as a spin-off from Automatic Data Processing. Broadridge supplies comp ...

, 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 In meteorology, a cloud is an aerosol consisting of a visible mass of miniature liquid droplets, frozen crystals, or other particles, suspended in the atmosphere of a planetary body or similar space. Water or various other chemicals may ...

;

security Security is protection from, or resilience against, potential harm (or other unwanted coercion). Beneficiaries (technically referents) of security may be persons and social groups, objects and institutions, ecosystems, or any other entity or ...

and resiliency; network and

edge computing Edge computing is a distributed computing model that brings computation and data storage closer to the sources of data. More broadly, it refers to any design that pushes computation physically closer to a user, so as to reduce the Latency (engineer ...

; digital workplace; core enterprise and zCloud; and

applications Application may refer to: Mathematics and computing * Application software, computer software designed to help the user to perform specific tasks ** Application layer, an abstraction layer that specifies protocols and interface methods used in a ...

, data, and AI. Kyndryl launched Kyndryl Bridge and a business consulting segment in 2022.

References

External links

* {{authority control, state=expanded Corporate spin-offs IBM spin-offs Publicly traded companies based in New York City Companies listed on the New York Stock Exchange American companies established in 2020 Technology companies established in 2020 2020 establishments in New York City Companies in the S&P 400