Kyndryl completes acquisition of Skytap to accelerate hybrid cloud adoption

Kyndryl completes acquisition of Skytap to accelerate hybrid cloud adoption

05/13/24, 12:49 PM
Location
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Industry
information technology
information technology
software
Kyndryl, the world's largest IT infrastructure services provider, has acquired privately held Skytap to expand its hybrid cloud services portfolio and help customers modernize mission-critical infrastructure platforms. Additionally, Kyndryl has entered into a definitive agreement to divest its Securities Industry Services business in Canada to Broadridge to enhance its focus on core growth areas.

Company Info

Company
Kyndryl
Location
New York, New York, United States
Company info
Kyndryl (NYSE: KD) is the world's largest IT infrastructure services provider, serving thousands of enterprise customers in more than 60 countries. The company designs, builds, manages and modernizes the complex, mission-critical information systems that the world depends on every day. For more information, visit www.kyndryl.com. This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements often contain words such as "will," "anticipate," "predict," "project," "plan," "forecast," "estimate," "expect," "intend," "target," "may," "should," "would," "could," "outlook" and other similar words or expressions or the negative thereof or other variations thereon. All statements, other than statements of historical fact, including without limitation statements representing management's beliefs about future events, transactions, strategies, operations and financial results, may be forward-looking statements. These statements do not guarantee future performance and speak only as of the date of this press release and the Company does not undertake to update its forward-looking statements. Actual outcomes or results may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties including those described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.

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