Kyndryl, a prominent IT infrastructure services provider, recently acquired Seattle-based Skytap to bolster its hybrid cloud capabilities, focusing on Microsoft Azure and IBM Cloud. This acquisition aims to facilitate seamless migration and operation of complex workloads in cloud environments, leveraging Skytap’s expertise in cloud native services, AI, and DevSecOps. The move enhances Kyndryl’s portfolio, enabling it to offer advanced solutions that meet diverse customer needs for scalability and agility in the digital landscape.
In parallel, Kyndryl announced the sale of its Securities Industry Services (SIS) platform to Broadridge Financial Solutions, aligning with its strategic focus on core service areas. The divestiture allows Kyndryl to streamline operations and concentrate on expanding its hybrid cloud services in collaboration with Microsoft. Financial details of the transactions were not disclosed, but Kyndryl plans to reinvest the proceeds for general corporate purposes, affirming its commitment to strategic growth and innovation in cloud technology.
Looking ahead, Kyndryl emphasizes its commitment to enhancing hybrid cloud adoption, leveraging its strengthened partnership with Microsoft through the Skytap acquisition. This strategic alignment positions Kyndryl to deliver comprehensive, client-centric solutions that integrate cutting-edge technologies, advancing its leadership in the IT services sector.
