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5 Things To Know About Kyndryl, IBM’s New Services Business

From who will lead Kyndryl to what types of engagement the company will focus on to how the solution provider community will be impacted by its split from IBM, here are five things we know about the company so far.

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5. IBM Will No Longer Be The World’s Largest Solution Provider

Spinning off Kyndryl will cause IBM Global Services to topple from No. 1 to No. 2 on the CRN Solution Provider 500, with Accenture jumping to the No. 1 slot. After the split, IBM Global Services will consist of its $8 billion cloud services consulting unit as well as its $17 billion Global Business Services unit, which provides management and strategy consulting, systems integration, and app management services.

Global Business Services will account for more than 40 percent of IBM’s revenue once the separation of Kyndryl is finalized, said David Sun, director of corporate business development for IBM Services. The Kyndryl split will change IBM from a $71 billion company with more than half of its revenue in services to one where more than half of its revenue is recurring and coming from coming software and solutions.

The new IBM will feature Red Hat as its crown jewel, allowing Big Blue to be laser focused on the $1 trillion hybrid cloud opportunity. Outside of Red Hat and its solution provider business, IBM will retain its systems businesses, its mission-critical public cloud service, and a software portfolio focused on big data, artificial intelligence, and security.

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