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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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3. Kyndryl Will Be Fifth Largest Solution Provider In The World

Kyndryl will enter the CRN Solution Provider 500 list at No. 5 behind Accenture, the remaining IBM Services practice, DXC Technology, and Tata Consulting Services when it completes its separation later this year. The company will be the world’s largest managed infrastructure services provider, and double the size of its next largest competitor, IBM CEO Arvind Krishna told investors in October.

Kyndryl will have revenue of $19 billion, a $60 billion services backlog, and 4,600 clients in 115 countries, including more than 75 percent of the Fortune 100.

This will be at least the third business IBM has excised in the past decade, following in the footsteps of Big Blue’s sale of its customer care outsourcing business to distributor Synnex for $505 million in 2013 and the sale of its PC business to Lenovo in 2014 for $2.3 billion.

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