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IBM announced in October 2020 that it would divest the Managed Infrastructure Services unit of its Global Technology Services division into a new public company. [96] The new company, Kyndryl, will have 90,000 employees, 4,600 clients in 115 countries, with a backlog of $60 billion.
Kyndryl Holdings, Inc. is an American multinational information technology infrastructure services provider, [4] [5] [6] headquartered in New York City [7] 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.
Products, services, and subsidiaries have been offered from International Business Machines (IBM) Corporation and its predecessor corporations since the 1890s. [1] This list comprises those offerings and is eclectic; it includes, for example, the AN/FSQ-7, which was not a product in the sense of offered for sale, but was a product in the sense of manufactured—produced by the labor of IBM.
Revenue declined 3.4% over the first three months of the year to $17.6 billion.Price Action IBM shares traded 0.20% higher at $119.36 in the after-hours session on Thursday.
October 8, 2020 – IBM announced it was spinning off the Managed Infrastructure Services unit of its Global Technology Services division into a new public company, an action expected to be completed by the end of 2021. [231] January 21, 2022 – IBM announced that it would sell Watson Health to the private equity firm Francisco Partners. [232]
New York-based software company, Innovative Solutions, opened its second headquarters in Boca Raton in May. It is working in collaboration with IBM.
IBM Consulting, rebranded in 2021 from IBM Global Business Services, is the professional services and consulting arm of IBM. [1] It provides services to companies, global government organizations, non-profits and NGOs .
Electronic Data Systems (EDS) was an American multinational information technology equipment and services company headquartered in Plano, Texas, which was founded in 1962 by Ross Perot. The company was a subsidiary of General Motors from 1984 until it was spun off in 1996.