History
Officially formed in late 2021, Kyndryl was created from the spin-off of IBM's infrastructure services, [4] [5] and comprises the bulk of the former IBM Global Technology Services. [10] [11] At year-end 2020, the spin-off had a portfolio of around 4,400 customers, including 75% of the Fortune 100. [4] [12] The company was given the name Kyndryl in April 2021, with "Kyn" referencing "kinship" and "Dryl" referencing "tendril". [13] On November 4, 2021, Kyndryl completed its separation from IBM and began trading as an independent company on the New York Stock Exchange, [4] [5] with Martin Schroeter as chairman and CEO. [14] [15] [16] Kyndryl operated in 63 countries in November 2021, and managed around 400 data centers. [17]
By November 2021, Kyndryl had also partnered with Microsoft to provide digital transformation services using Microsoft Cloud products. [7] [18] In December 2021, Kyndryl partnered with Google Cloud on digital transformation projects as well. [19] Kyndryl announced new reporting segments for its finances in January 2022. [20] Kyndryl partnered with Amazon Web Services in February 2022, [21] and in October 2022, Kyndryl and Microsoft created a data pipeline between Microsoft Azure and Kyndryl's zCloud platform. [22] In 2022, as ranked by revenue, CRN placed Kyndryl No. 6 on its list of largest IT solution providers in North America. [23] 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. [24] 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. [25]
Global operations
As of March 2026, Kyndryl had approximately 72,000 employees in 60 countries. Its main hubs were in India, Japan, Poland, Brazil, Czechia and Hungary. [26]
The company's international service delivery centres include sites in Wrocław, Katowice and Brno. [27] [28] In Hungary, Kyndryl has offices in Székesfehérvár and Budapest. [29] The company also operates an infrastructure command centre in Osaka. [30]
Kyndryl has security operations centres in Hortolândia and Rome. [31] [32] In February 2026, it opened its first integrated Cyber Defense Operations Center in Bengaluru. [33]
Services
Focused on IT services for businesses, [19] Kyndryl designs, builds, manages, and modernizes enterprise IT infrastructure systems, [4] [16] with capabilities in artificial intelligence as well as data and analytics. [19] 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. [34] [35] Kyndryl launched Kyndryl Bridge [36] and a business consulting segment in 2022. [37]
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US$15.1 billion (2025)
US$252 million (2025)
