NEW YORK, and REDMOND,
Wash., Nov. 12, 2021
/PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT
infrastructure services provider, and Microsoft Corp. (Nasdaq:
MSFT), today announced a landmark global strategic partnership that
will combine their market-leading capabilities in service of
enterprise customers. The deal with Microsoft
is Kyndryl's first since recently becoming an independent
public company and provides incremental multi-billion
dollar revenue opportunities for the two companies.
First landmark Kyndryl deal to leverage the Microsoft Cloud
Together the companies will bring to market
state-of-the-art solutions built on the Microsoft Cloud that will
accelerate hybrid cloud adoption, modernize applications and
processes, support mission-critical workloads, and further enable
modern work experiences for customers.
The long-term partnership will open additional markets and new
customers to Kyndryl across all industries and illustrates the
speed and commitment the company is placing on forging strong
relationships with leading enterprise technology innovators.
Microsoft becomes Kyndryl's only Premier Global Alliance Partner,
increasing Microsoft's access to the $500
billion managed services market where Kyndryl leads.
"As an independent company, we're investing in our partner
ecosystem to support the success of our customers, and we're
focused on expanding our market opportunity across cloud, data,
security, and intelligent automation," said Martin Schroeter, Chairman and CEO of Kyndryl.
"In this landmark relationship with Microsoft, Kyndryl is matching
our deep expertise in mission-critical IT systems with the benefits
of Microsoft Cloud to be at the heart of progress for our global
"The case for digital transformation has never been more urgent,
and more clear," said Satya Nadella,
Chairman and CEO, Microsoft. "As Kyndryl's only premiere global
alliance partner, with the power of the Microsoft Cloud we will
help customers across every industry manage and modernize their
business for the era ahead. We are looking forward to partnering
with Kyndryl to serve our shared customers, building on its
expertise and understanding of mission-critical IT systems, as well
as the company's deep relationships with enterprises around the
The companies will jointly bring customer solutions to market in
the areas of data modernization and governance, AI-driven
innovations for industries, cyber security and resiliency, and
transformation of mission-critical workloads to the cloud. Kyndryl
will lead with advisory, implementation and managed services for
complex hybrid IT environments.
In addition, central to the partnership will be a focus on
creating new solutions for customers and programs to advance
skills. A co-innovation lab will be established to rapidly develop
and bring to market new customer capabilities built on
Microsoft Cloud. To strengthen and expand technical expertise,
Microsoft will establish the "Kyndryl University for Microsoft"
powered by Microsoft to rapidly scale skills for Kyndryl
Kyndryl (NYSE "KD"
@kyndryl) is the world's largest IT infrastructure services
provider. The company designs, builds, manages, and
modernizes the complex, mission-critical information systems that
the world depends on every day. Kyndryl' s nearly 90,000 employees
serve over 4,000 customers in more than 60 countries
around the world, including 75 percent of the Fortune
100. For more information, visit www.kyndryl.com.
Microsoft (Nasdaq "MSFT" @microsoft)
enables digital transformation for the era of an intelligent cloud
and an intelligent edge. Its mission is to empower every person and
every organization on the planet to achieve more.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements often contain words such as "will,"
"anticipate," "predict," "project," "plan," "forecast," "estimate,"
"expect," "intend," "target," "may," "should," "would," "could" and
other similar words or expressions or the negative thereof or other
variations thereon. All statements, other than statements of
historical fact, may be forward-looking statements. These
statements do not guarantee future performance and speak only as of
the date they are made, and the Company, Kyndryl, does not
undertake to update its forward-looking statements. Actual outcomes
or results may differ materially from those suggested by
forward-looking statements as a result of risks and uncertainties
which include, among others, the factors described in the "Risk
Factors" section of the Company's Information Statement included as
Exhibit 99.1 to Amendment No. 1 to the Company's Registration
Statement on Form 10 filed with the Securities and Exchange
Commission (the "SEC") on October 12,
2021, as such factors may be updated from time to time in
the Company's periodic filings with the SEC.
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