 | |
| Company type | Public |
|---|---|
| ISIN | US50155Q1004 |
| Industry | |
| Founded | November 3, 2021; 4 years ago (2021-11-03)[1] |
| Headquarters | One Vanderbilt, New York City, U.S. |
Area served | Worldwide |
Key people | Martin Schroeter (CEO) |
| Services | Managed services |
| Revenue |  US$15.1 billion (2025) |
 US$252 million (2025) | |
| Total assets | US$10.4 billion (2025) |
| Total equity | US$1.33 billion (2025) |
| Owners |
|
Number of employees | c. 73,000 (2025) |
| Website | kyndryl |
| Footnotes / references Financials as of March 31, 2025[update].[3] | |
Kyndryl Holdings, Inc. is an Americanmultinationalinformation technology infrastructureservices provider,[4][5][6] headquartered in New York City[7] and created from thespin-off ofIBM's infrastructure services business in 2021. The company designs, builds, manages and develops large-scaleinformation systems.[4][5][6] 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 thespin-off ofIBM's infrastructure services,[4][5] 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.[4][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 theNew York Stock Exchange,[4][5] with Martin Schroeter as chairman and CEO.[15][16][17] Kyndryl operated in 63 countries in November 2021, and managed around 400data centers.[18]
By November 2021, Kyndryl had also partnered withMicrosoft to providedigital transformation services usingMicrosoft Cloud products.[8][19] In December 2021, Kyndryl partnered withGoogle 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, theFinancial Times quoted sources saying that Kyndryl was separating its Chinese arm, saying the decision was influenced byincreased tensions between the United States and China.[25] On 13 May 2024, Kyndryl announced the acquisition ofSkytap and the divesture of Securities Industry Services toBroadridge Financial Solutions, as part of a portfolio optimization action.[26]
Focused on IT services for businesses,[20] Kyndryl designs, builds, manages, and modernizes enterprise IT infrastructure systems,[4][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 andedge computing; digital workplace; core enterprise and zCloud; andapplications, data, andAI.[27][28] Kyndryl launched Kyndryl Bridge[29] and a business consulting segment in 2022.[30]
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