In the risk factors section of the SEC filing, Kyndryl cited competitors as one of the key risks faced by the business.
“Our competitors include incumbents that have expanded their offerings to migration and management of cloud-based environments; companies that utilize labor-based models and leverage talent pools primarily in lower-cost countries that have grown to offer a broad range of services with a worldwide presence; and advisory-focused system integrators specializing in bringing together disparate technology environments so that they function as one,” Kyndryl said in its SEC filing.
“Many of these companies offer a mix of advisory, implementation, and managed services across infrastructure, application, and business processes,” Kyndryl said.
The company singled out a handful of competitors in the filing by name—including DXC Technology, No. 4 on CRN’s Solution Provider 500 list for 2021, which was created in 2017 through the merger of CSC and HPE Enterprise Services. In terms of competitors, “examples include: Atos, DXC, Fujitsu, Infosys, Rackspace, Tata Consultancy Services, and Wipro, among others,” Kyndryl said in the filing.