Kyndryl will be the name of the new, independent company that will be created following the separation of IBM’s Managed Infrastructure Services business, which is expected to occur by the end of 2021. Kyndryl will be headquartered in New York City.
Back in October 2020 IBM announced plans to separate the Managed Infrastructure Services unit of its Global Technology Services division into a new public company, creating two companies, each with strategic focus and flexibility to drive client and shareholder value. The move, IBM said at the time, would enable it to focus on its open hybrid cloud platform.
According to the company, 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, evoking new growth and the idea that?together with customers and partners ?the business is always working toward advancing human progress.
"Kyndryl evokes the spirit of true partnership and growth," said Martin Schroeter, CEO 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."
"Creating a name is just the start of our journey as a brand," added Kyndryl CMO 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."
For more information, visit www.kyndryl.com and www.ibm.com.