Kyndryl Announces Portfolio Optimization Actions
NEW YORK, May 13, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced that it has acquired privately held Skytap, a leading specialized workload services provider.
- NEW YORK, May 13, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced that it has acquired privately held Skytap, a leading specialized workload services provider.
- Kyndryl's acquisition of privately held Skytap will expand the Company's hybrid cloud services portfolio.
- Revenues generated by both Skytap and SIS over the last twelve months were less than 1% of Kyndryl's annual revenue.
- Closing of the SIS transaction is subject to customary closing conditions, including required regulatory approvals.