We have had some exciting news from IBM as CEO Martin Schroeter announced on Monday 12th April 2021 that ‘NewCo’ will be Kyndryl.
Kyndryl will be a spin-off of IBM IT infrastructure services – a business with an Intellectual Property portfolio of 3000+ patents and recognised as a leader by industry analysts.
Kyndryl designs, runs and manages the most modern, efficient and reliable technology infrastructure that the world depends on every day.
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 centre 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.
We feel this is an apt name for the organisation, having worked with IBM as partners in driving Digital Transformation projects, the definition is certainly spot on!
There have been a lot of queries from clients and partners, and we already have answers to some of those queries, such as:
Q: What will the relationship with IBM be post-spin?
A: Throughout 2021, and until the spin, IBM will continue to invest in Kyndryl to ensure it maintains its leadership position in the market and can capitalize on the changes taking place to innovate in managed services.
While IBM and Kyndryl will be independent and distinct entities, at launch they will both be each other’s biggest client and one of each other’s key strategic partners. Kyndryl will continue to include IBM hardware and software among its offerings.
Kyndryl will have access to IBM expertise and resources just as any other strategic partner or large client and will be formalizing the relevant agreements and structures to continue to drive collaboration and coordination across teams.
Q: Will I still have access to IBM talent for my project?
A: Yes. Kyndryl will continue to tap into the breadth and depth of IBM technology and research expertise, as well as business consulting capabilities from IBM’s Global Business Services unit. Kyndryl’s creation also brings a substantial patent portfolio with it. As an independent company, Kyndryl also will partner with industry IT leaders in addition to IBM to ensure that each customer achieves its peak digital performance.
Q: Will the pricing change?
A: There will be no pricing change resulting from Kyndryl’s creation as it will operate under the terms of existing contracts. Kyndryl will continue to offer its customers highly competitive pricing.
Q: When will the process of moving contracts from IBM to Kyndryl begin?
A: We will be working in partnership with you in the coming weeks to transfer the contracts as easily as possible via a transparent and collaborative process that minimizes the amount of work on your part. Our teams will execute the bulk of the activities and will coordinate with you concerning review.
Technimove and IBM – the road ahead:
As an IBM partner, Technimove welcomes the new focus on infrastructure services, flexible hybrid solutions and focused partner strategy to develop and strengthen Kyndryl’s offerings.
For almost a decade, Technimove have worked alongside IBM providing technology-based Data Centre transformation solutions, delivering real value, whilst meeting client’s strategically defined business goals.
Working with IBM to provide tailored transformation consultancy and migration solutions, that unlock future potential and improvements across the current business and digital transformation landscapes has been an exciting journey.
Our partnership has enabled us to deliver cost reduction whilst reducing risk and downtime.
With a new focus on infrastructure services, Technimove will now embark on Kyndryl’s journey alongside an established IBM partnership. Working with both ‘IBMer’s’ and ‘Kyndryl’s’
Finally, here is the message from Kyndryl’s CEO Martin Schroeter:
Kyndryl has a special opportunity to create a purpose-led company. The work we do is vital, and we are deeply committed to advancing the critical infrastructure that powers human progress.
Kyndryl will be a new, independent company that is a recognized market leader. Our ability to drive progress is due to our people—the best in the world with deep expertise in designing, running and managing the most modern and reliable technology infrastructure. Our teams are able to address the challenges that our customers face and help support their ambitions.
At Kyndryl, we’re at the heart of progress.
Big Blue…Meet Big Red.