ARMONK, N.Y., April 12, 2021 /PRNewswire/ -- IBM (NYSE:
IBM) today announced that Kyndryl will be the name of the new,
independent company that will be created following the separation
of its Managed Infrastructure Services business, which is expected
to occur by the end of 2021.
"Kyndryl evokes the spirit of true partnership and growth," said
Martin Schroeter, Chief Executive
Officer of Kyndryl. "Customers around the world will come to know
Kyndryl as a brand that runs the vital systems at the heart of
progress, and an independent company with the best global talent in
the industry."
Kyndryl also announced that it will be headquartered in New York
City. "The decision to base our corporate team in one of the
world's most vibrant and global urban centers underscores our
commitment to the economic health of cities," Schroeter said.
Kyndryl is a modern adaptation of two words that are central to
the new company's identity and mission. "Kyn" is derived from
the word kinship, referencing the belief that relationships
with people -- employees, customers and partners -- are at the
center of the strategy, and that long-lasting relationships must be
built and nurtured. "Dryl" comes from tendril, bringing to
mind new growth and the idea that -- together with customers and
partners -- the business is always working toward advancing human
progress.
"Creating a name is just the start of our journey as a brand,"
said Kyndryl Chief Marketing Officer Maria
Bartolome Winans. "It will help identify us and support
recognition, but the meaning of the name will be built and enhanced
over time from our behaviors, aspirations and actions, and what we
enable our customers to do. Our vision is to be the leading
company that designs, runs and modernizes the critical technology
infrastructure of the world's most important businesses and
institutions, ultimately powering human progress."
As an independent company, Kyndryl will open alliances with a
diverse ecosystem of leading technology partners. With the
industry's most experienced talent, and a global base of 4,600
customers, including some of the world's most complex technology
environments, Kyndryl is uniquely positioned to help customers
build strong, secure, resilient and adaptive digital
capabilities.
About Kyndryl
Kyndryl designs, runs and manages the
most modern, efficient and reliable technology infrastructure for
the world's most important businesses and organizations, with the
industry's most experienced services experts. For more
information, visit www.kyndryl.com
About IBM
IBM is a leading global hybrid cloud and AI, and business services
provider. We help clients in more than 175 countries
capitalize on insights from their data, streamline business
processes, reduce costs and gain the competitive edge in their
industries. Nearly 3,000 government and corporate entities in
critical infrastructure areas such as financial services,
telecommunications and healthcare rely on IBM's hybrid cloud
platform and Red Hat OpenShift to affect their digital
transformations quickly, efficiently and securely. IBM's
breakthrough innovations in AI, quantum computing,
industry-specific cloud solutions and business services deliver
open and flexible options to our clients. All of this is
backed by IBM's legendary commitment to trust, transparency,
responsibility, inclusivity and service.
For more information, visit www.ibm.com
Contacts:
IBM
Edward Barbini, 914-494-7925
barbini@us.ibm.com
Teneo
Kathy Deveny, 917-439-3263
kathy.deveny@teneo.com
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SOURCE IBM