Kyndryl has spun off from IBM as a $19B managed service firm

Kyndryl, formerly IBM’s Managed Infrastructure Services unit, is officially an independent company.

From the start the spinoff will be big, with more than 90,000 employees, $19 billion in annual revenue, operations in over 60 countries, and a customer base that includes 75% of the Fortune 100. Its goal of modernizing customer infrastructure will remain at the center of its strategy, but it wants to expand.

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Company executives say by spinning out of IBM, Kyndryl will have more freedom to partner with other major tech companies and cloud hyperscalers such as Google, AWS, and Microsoft. Plus it can invest in its workforce as well as focus on developing services for hot markets such as 5G, edge computing, cloud, and security.

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Source:: Network World – Data Center