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]
Kyndryl and Cloudflare enter into a global strategic alliance to transform enterprise networks, drive multi-cloud innovation and deliver zero-trust security. The collaboration began back in 2023, but the new phase will utilize Cloudflare's capabilities across all areas of Kyndryl's business. [28]
March 2024 Kyndryl and Stellantis are extending their long-standing collaboration in the areas of management, operations, networking, data center support and on-premises IT services in Europe, North America and South America. [29]
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. [30] [31] Kyndryl launched Kyndryl Bridge [32] and a business consulting segment in 2022. [33]
Fujitsu Limited is a Japanese multinational information and communications technology equipment and services corporation, established in 1935 and headquartered in Tokyo. 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.
Accenture plc is a US multinational professional services company based in Dublin, 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 products were claimed to be in use by over 400,000 clients worldwide, including 99% of the Fortune 100, and 98% of the Fortune 500.
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.
Amazon Web Services, Inc. (AWS) is a subsidiary of Amazon that provides on-demand cloud computing platforms and APIs to individuals, companies, and governments, on a metered, pay-as-you-go basis. Clients will often use this in combination with autoscaling. These cloud computing web services provide various services related to networking, compute, storage, middleware, IoT and other processing capacity, as well as software tools via AWS server farms. This frees clients from managing, scaling, and patching hardware and operating systems. One of the foundational services is Amazon Elastic Compute Cloud (EC2), which allows users to have at their disposal a virtual cluster of computers, with extremely high availability, which can be interacted with over the internet via REST APIs, a CLI or the AWS console. AWS's virtual computers emulate most of the attributes of a real computer, including hardware central processing units (CPUs) and graphics processing units (GPUs) for processing; local/RAM memory; Hard-disk(HDD)/SSD storage; a choice of operating systems; networking; and pre-loaded application software such as web servers, databases, and customer relationship management (CRM).
HCL Technologies Limited, doing business as HCLTech, is an Indian multinational information technology (IT) consulting company headquartered in Noida. Founded by Shiv Nadar, it was spun out in 1991 when HCL entered into the software services business. The company has offices in 52 countries and over 225,944 employees.
MicroAge is a privately-held, award-winning full-service solutions integrator founded in 1976 and based in Phoenix, Arizona. MicroAge combines a powerful mix of technology services backed by vendor-certified engineers and an acclaimed panel of experts to deliver the competitive edge technology leaders need to lead in a disruptive digital environment.
Persistent Systems is an Indian multinational technology services company which was incorporated on 16 May 1990. Persistent Systems is listed on the Bombay Stock Exchange and the National Stock Exchange. Shares in the company were listed on the National Stock Exchange of India in March 2010.
Cloud computing is the on-demand availability of computer system resources, especially data storage and computing power, without direct active management by the user. Large clouds often have functions distributed over multiple locations, each of which is a data center. Cloud computing relies on sharing of resources to achieve coherence and typically uses a pay-as-you-go model, which can help in reducing capital expenses but may also lead to unexpected operating expenses for users.
Lumen Technologies, Inc. is an American telecommunications company headquartered in Monroe, Louisiana, that offers communications, network services, security, cloud solutions, voice, and managed services. The company is a member of the Fortune 500 and part of the S&P 500 index since 1999.
Cloudflare, Inc. is an American company that provides content delivery network services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration services. Cloudflare's headquarters are in San Francisco, California. According to The Hill, Cloudflare is used by more than 20 percent of the Internet for its web security services, as of 2022.
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.
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 solutions 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
Terraform is an infrastructure-as-code software tool created by HashiCorp. Users define and provide data center infrastructure using a declarative configuration language known as HashiCorp Configuration Language (HCL), or optionally JSON.
IBM Cloud is a set of cloud computing services for business offered by the information technology company IBM.