Kyndryl

Kyndryl Holdings, Inc. is an American multinational information technology services company that specializes in IT infrastructure services. It originated as the managed infrastructure services unit of International Business Machines Corporation (IBM) and began operating as an independent public company in November 2021, following IBM's spin-off of the unit. The company is headquartered in New York City and trades on the New York Stock Exchange under the symbol KD.

Kyndryl provides managed services for enterprise IT infrastructures, including data centers, networks, and hybrid cloud environments. Its offerings emphasize hybrid multi-cloud services, data modernization, applications and workload optimization, automation and AI, security, and resilience. The company supports multi-vendor environments and works with clients across public and private clouds as well as on client-owned systems.

It serves clients worldwide across industries such as financial services, manufacturing, telecommunications, and public sector organizations. The business model centers on long-term managed services contracts and professional services that help customers design, deploy, secure, and optimize IT infrastructure.

IBM retained a minority stake in Kyndryl and established a long-term strategic partnership to align certain technologies and services with IBM's platforms. Kyndryl operates as an independent public company with a global delivery network and governance structure, including a board and management team.

Since its separation, Kyndryl has positioned itself as one of the largest IT infrastructure services providers globally, competing with other multinational outsourcing and systems integration firms.