 | |
 Headquarters at One Vanderbilt | |
| Company type | Public |
|---|---|
| ISIN | US50155Q1004 |
| Industry |
|
| Founded | November 3, 2021[1] |
| Headquarters | |
Area served | Worldwide |
Key people | Martin Schroeter (CEO) |
| Services | Managed infrastructure |
| Revenue |  US$17 billion (March 2023)[3] |
Number of employees | 87,708 (January 2023)[4] |
| Website | www |
Kyndryl Holdings, Inc. is an American multinational information technology infrastructure services provider.[5][6][7] Headquartered in New York City[2] 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.[5][6][7] The company also has business advisory services.[8][9][10] It is currently the world's largest IT infrastructure services provider, and the fifth-largest consulting provider.[9]
Officially formed in late 2021, Kyndryl was created from the spin-off of IBM's infrastructure services,[5][6] and comprises the bulk of the former IBM Global Technology Services.[11][12] At year-end 2020, the spin-off had a portfolio of around 4,400 customers, including 75% of the Fortune 100.[5][13] After having a placeholder name of NewCo, it was given the name Kyndryl in April 2021, with "Kyn" referencing "kinship" and "Dryl" referencing "tendril".[13][14][15][16] On November 4, 2021, Kyndryl completed its separation from IBM and began trading as an independent company on the New York Stock Exchange,[5][6] with Martin Schroeter as chairman and CEO.[17][18][19] Kyndryl operated in 63 countries in November 2021, and managed around 400 data centers.[20] By November 2021, Kyndryl had also partnered with Microsoft to provide digital transformation services using Microsoft Cloud products.[8][21] In December 2021, Kyndryl partnered with Google Cloud on digital transformation projects as well.[22] Kyndryl announced new reporting segments for its finances in January 2022.[23] Kyndryl partnered with Amazon Web Services in February 2022,[24] and in October 2022, Kyndryl and Microsoft created a data pipeline between Microsoft Azure and Kyndryl's zCloud platform.[25] In 2022, as ranked by revenue, CRN placed Kyndryl No. 6 on its list of largest IT solution providers in North America.[26] 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.[27]
Focused on IT services for businesses,[22] Kyndryl designs, builds, manages, and modernizes enterprise IT infrastructure systems,[5][19] with capabilities in artificial intelligence as well as data and analytics.[22] 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.[28][29] Kyndryl launched Kyndryl Bridge[30] and a business consulting segment in 2022.[31]
