Kyndryl has completed its previously announced spin-off from IBM and began trading as an independent company on the New York Stock Exchange under the ticker 'KD'.
Kyndryl launches as the world’s largest IT infrastructure provider, with a differentiated approach that integrates development, security and operations. Kyndryl’s 90,000 professionals worldwide deliver world-class advisory, implementation and managed services to more than 4,000 global customers, including 75% of the Fortune 100 and leading financial services, telecommunications, retail, airline and automotive companies.
Kyndryl begins its independent life with a solid financial position, with $19 billion in annual revenue, investment-grade credit ratings and long-standing customer relationships that drive annuity-like revenue streams. Kyndryl is led by an experienced management team and a Board of Directors comprised of 10 leaders who bring diverse perspectives and experiences spanning technology, financial services, government affairs, and academia.
Kyndryl designs, builds, manages and modernizes the complex, mission-critical information systems that the world depends on every day.
Martin Schroeter, Kyndryl's chairman and chief executive officer
There is a large and growing need for digital transformation services, and our unrivaled global expertise in creating, managing and modernizing mission-critical information systems positions us well in a market that will expand to more than $500 billion by 2024. We look forward to the path ahead, with a flatter and faster company that is at the heart of progress for our customers and for the world.
