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$16.1 billion (March 2024) [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] The company was given the name Kyndryl in April 2021, with "Kyn" referencing "kinship" and "Dryl" referencing "tendril". [14] 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. [15] [16] [17] Kyndryl operated in 63 countries in November 2021, and managed around 400 data centers. [18] By November 2021, Kyndryl had also partnered with Microsoft to provide digital transformation services using Microsoft Cloud products. [8] [19] In December 2021, Kyndryl partnered with Google Cloud on digital transformation projects as well. [20] Kyndryl announced new reporting segments for its finances in January 2022. [21] Kyndryl partnered with Amazon Web Services in February 2022, [22] and in October 2022, Kyndryl and Microsoft created a data pipeline between Microsoft Azure and Kyndryl's zCloud platform. [23] In 2022, as ranked by revenue, CRN placed Kyndryl No. 6 on its list of largest IT solution providers in North America. [24] 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. [25]
Focused on IT services for businesses, [20] Kyndryl designs, builds, manages, and modernizes enterprise IT infrastructure systems, [5] [17] with capabilities in artificial intelligence as well as data and analytics. [20] 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. [26] [27] Kyndryl launched Kyndryl Bridge [28] and a business consulting segment in 2022. [29]
Cisco Systems, Inc. is an American multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products. Cisco specializes in specific tech markets, such as the Internet of things (IoT), domain security, videoconferencing, and energy management with leading products including Webex, OpenDNS, Jabber, Duo Security, Silicon One, and Jasper.
Fujitsu Limited is a Japanese multinational information and communications technology equipment and services corporation, established in 1935 and headquartered in Kawasaki, Kanagawa. It is the world's sixth-largest IT services provider by annual revenue, and the largest in Japan, in 2021.
Unisys Corporation is an American multinational information technology (IT) services and consulting company founded in 1986 and headquartered in Blue Bell, Pennsylvania. The company provides digital workplace, cloud applications & infrastructure, enterprise computing, business process, AI technology and data analytics services.
SAP SE is a German multinational software company based in Walldorf, Baden-Württemberg. It develops enterprise software to manage business operations and customer relations. The company is the world's leading enterprise resource planning (ERP) software vendor. Apart from ERP software, the company also sells database software and technology, cloud-engineered systems, and other ERP software products, such as human capital management (HCM) software, customer relationship management (CRM) software, enterprise performance management (EPM) software, product lifecycle management (PLM) software, supplier relationship management (SRM) software, supply chain management (SCM) software, business technology platform (BTP) software and programming environment SAP AppGyver for business.
Accenture plc is a US multinational professional services company headquartered in Dublin for tax reasons, specializing in information technology (IT) services and consulting. A Fortune Global 500 company, it reported revenues of $64.1 billion in 2023. Accenture's current clients include 91 of the Fortune Global 100 and more than three-quarters of the Fortune Global 500. As of 2022, Accenture is considered the largest consulting firm in the world by number of employees.
Citrix Systems, Inc. is an American multinational cloud computing and virtualization technology company that provides server, application and desktop virtualization, networking, software as a service (SaaS), and cloud computing technologies. Citrix claims that their products are used by over 400,000 clients worldwide, including 99% of the Fortune 100 and 98% of the Fortune 500.
Cognizant Technology Solutions Corporation is an American multinational information technology services and consulting company. It is headquartered in Teaneck, New Jersey, U.S. Cognizant is part of the NASDAQ-100 and trades under CTSH. It was founded as an in-house technology unit of Dun & Bradstreet in 1994, and started serving external clients in 1996.
Atos is a French multinational information technology (IT) service and consulting company with headquarters in Bezons, France, and offices worldwide. It specialises in hi-tech transactional services, unified communications, cloud, big data and cybersecurity services. Atos operates worldwide under the brands Atos, Atos|Syntel, Atos Consulting, Atos Healthcare, Atos Worldgrid, Groupe Bull, Canopy, Maven Wave, and Unify.
IBM Consulting, rebranded in 2021 from IBM Global Business Services, is the professional services and consulting arm of IBM. It provides services to companies, global government organizations, non-profits and NGOs.
Dimension Data is a company specialising in information technology services. Based in Johannesburg, South Africa, the company maintains operations on every inhabited continent. Dimension Data focuses on services including IT consulting, technical and support services, and managed services. The company is the official technology partner of the Tour de France, the Vuelta a España and also sponsored a team of the same name. In 2010, the company was fully acquired by Nippon Telegraph and Telephone (NTT). On 1 July 2019, all Dimension Data operations, excluding those in the Middle East and Africa, became part of NTT Ltd.
Synnex was an American multinational corporation that provided information technology (IT) services to businesses. It merged with competitor Tech Data to form TD Synnex. It was founded in 1980 by Robert T. Huang and based in Fremont, California. As an information technology supply chain services company, it offered services to original equipment manufacturers, software publishers and reseller customers.
Perficient, Inc. is a global digital consultancy company based in St. Louis, Missouri. The company's efforts include enterprise mobile applications, creative services, marketing, digital strategy Internet of Things, information technology, management consulting, custom development, and platform implementations.
New Relic is a US-based web tracking and analytics company. The company's cloud-based software allows websites and mobile apps to track user interactions and service operators' software and hardware performance.
HP CloudSystem is a cloud infrastructure from Hewlett Packard Enterprise (HPE) that combines storage, servers, networking and software.
Commvault Systems, Inc. is an American publicly traded data protection and data management software company headquartered in Tinton Falls, New Jersey. Commvault enterprise software can be used for data backup and recovery, cloud and infrastructure management, retention and compliance.
International Business Machines Corporation, nicknamed Big Blue, is an American multinational technology company headquartered in Armonk, New York and present in over 175 countries. IBM is the largest industrial research organization in the world, with 19 research facilities across a dozen countries, having held the record for most annual U.S. patents generated by a business for 29 consecutive years from 1993 to 2021.
Nutanix, Inc. is an American cloud computing company that sells software for datacenters and hybrid multi-cloud deployments. This includes software for virtualization, Kubernetes, database-as-a-service, software-defined networking, security, as well as software-defined storage for file, object, and block storage.
Brillio is a company focused on digital technologies and big data analytics headquartered in Santa Clara, California, United States
IBM Cloud is a set of cloud computing services for business offered by the information technology company IBM.