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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.
July 2019 – IBM Watson Marketing business spins off into standalone company Acoustic, after acquisition by Centerbridge Partners [229] [230] 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 ...
When Maryjo Charbonnier started working for tech giant IBM in 2021, she was asked to tackle a project that would be daunting for any HR professional: spinning off an entirely new company. IBM ...
In 2016, IBM announced its planned acquisition of Promontory Financial Group in September 2016 and completed the transaction in November 2016. In October 2021, IBM Global Business Services was renamed IBM Consulting after the spin-off of IBM's Global Technology Services division into Kyndryl Holdings. [7] [8]
Krishna immediately had IBM spin off its slower-growth managed IT infrastructure-services business as Kyndryl and focused on aggressively expanding its open source software-subsidiary Red Hat's ...
The company today announced that it plans to spin off its managed infrastructure services unit as a separate public company, a $19 billion business in annual revenues, to help it focus more ...
In September 1992, IBM completed the spin-off of their various non-mainframe and non-midrange, personal computer manufacturing divisions, combining them into an autonomous wholly owned subsidiary known as the IBM Personal Computer Company (IBM PC Co.).
Oct.08 -- International Business Machines Corp. plans to spin off its managed infrastructure services unit into a public company, doubling down on its shift to become a major cloud services provider.