Will Kyndryl be the top managed services provider in ASEAN?

Will Kyndryl be the top managed services provider in ASEAN?

IBM announced the completion of Kyndryl, a new company to handle its managed services in November 2021. Considered a billion dollar startup by some, the world’s largest managed services provider already has a global customer base that includes 75 of the 100 Fortune companies.

“The separation from Kyndryl is one of many actions we are taking to fine-tune our focus on hybrid cloud and AI, leverage a technology and consulting-focused portfolio, and achieve our growth goals,” said Arvind Krishna, President and CEO. CEO of IBM. once the separation is complete.

The managed services industry has seen an increase in demand in recent years, especially when the COVID-19 pandemic struck. With most companies accelerating their digital transformation, the need for managed IT services and more has also increased dramatically.

In fact, statistics show that the global managed services market is valued at $ 152 billion in 2020 and is expected to reach about $ 274 billion in 2026. While North America is the largest market, the largest market. fast growing is the Asia Pacific region. .

For Kyndryl, no market and opportunities are greater than what is available in the Asia Pacific region. Despite having established its portfolio of managed services through IBM in the past, the company is now fully independent in the way it runs and conducts its business around the world.

According to Susan Follis, CEO of Kyndryl in ASEAN, companies have changed their calendar and focused on their digital agenda to achieve their business goals. To achieve their digital agenda, companies will want to expand their digital reach, which in this case would be their IT infrastructure and services.

“With Kyndryl, we have doubled our potential reach in ASEAN. We are independent and we can go where our clients go and we are duplicating and investing in our personal growth. I think ASEAN is a fantastic opportunity and we will make it happen. We will do this by focusing on our people, customers and recruits, with our partner ecosystem in mind, ”said Follis.

Despite being a former part of IBM, Follis noted that they are two separate businesses with different approaches and that they will only work together where it makes sense for their clients. IBM will be Kyndryl’s biggest customer and there will also be other customers who may have other ways of doing things.

Susan Follis, Managing Director, ASEAN, Kyndryl

“We have had a year to find out how the relationship works. Some other customers may want to go in another direction not associated with IBM products. Therefore, we are increasing our certification in hyperscalers and investing in partner ecosystems. As it unfolds, we will have global partners, specific ASEAN partners, and local partners within a given country.

And I think this growth scenario is huge for us. We haven’t really expanded that ecosystem of local partners. Every country is different and has its own unique advantages that must be taken into account. Having a local system, as well as deeper ASEAN growth and a focus on partners, will make a difference for us, ”explained Follis.

Interestingly, Follis also mentioned that local partners see Kyndryl as a real opportunity. Creating the true ecosystem of partners within the region will be a focus for Kyndryl. This includes certifications within the hyperscalers and obtaining broader establishments in which partners play, especially in having the right partner model for each country.

Contents

Partnerships for managed services

Partnerships for managed services

One of Kyndryl’s first partnerships since its formation is with Microsoft. Combining their market-leading capabilities in serving enterprise customers, both companies will bring cutting-edge solutions built on Microsoft Cloud to market that will accelerate hybrid cloud adoption, modernize applications and processes, support mission-critical workloads, and enable even more. On the same subject : Global IT Managed Services Market Report 2021-2025 Featuring IBM Corp, Cisco Systems, Fujitsu, & Accenture. modern work experiences for clients.

Kyndryl also announced a strategic partnership expansion with VMware. The partnership will focus on the modernization of multi-cloud applications and services and is expected to enable clients to enhance their digital innovation and business transformation with enterprise control.

This includes accelerating IT and business reinvention for customers through the combination of VMware solutions and Kyndryl’s design, build, and managed services. Companies also aim to help clients accelerate their digital transformations by creating and deploying new and more secure applications designed and built for a distributed world of work.

Another partnership announced by Kyndryl is with Google Cloud. Both companies will unleash the power of data and analytics, apply artificial intelligence and infrastructure modernization to help clients gain new insights and drive business results. By running their most critical business systems on the global and sustainable Google Cloud infrastructure, customers will be able to seamlessly deliver applications and data across their entire footprint, from headquarters to the edge of the network.

In addition to the partnerships, Kyndryl has also obtained SAP certification for global cloud operations capabilities and infrastructure operations to further strengthen its capabilities and portfolio to deliver managed services to SAP customers globally.

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The digital agenda for ASEAN business  

The digital agenda for ASEAN business  

As a managed service provider, Kyndryl will offer various types of services to help businesses achieve their digital agenda and also build on their success. To see also : Sangfor Launches Managed Cloud Services for Your Personalization of Digital Infrastructure. In ASEAN, Kyndryl’s main growth area in ASEAN will be for managed cloud services.

Follis believes that thanks to their experience in managing cloud services, they will be able to help companies make better use of technology. Businesses are now looking to have multiple clouds and Kyndryl can help set up digital dashboards, leverage data to make better decisions, and more.

Other than that, data and artificial intelligence are another big area. They have been playing with and leveraging data to try and understand it, including mining it for a long period of time. This will be another area of ​​great growth with its framework in ASEAN.

The network and the perimeter will also be on the agenda. 5G will provide the opportunity to connect companies with places that they have not been able to connect in the past. Kyndryl will work with clients to identify new growth areas at Edge to achieve their digital agenda.

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Managing the competition

Managing the competition

“We come from a position of strength. We are the number one managed service provider and continue to be. Read also : Top Reasons Why Offering Managed MDM Services Accelerates MSPs’ Growth. But this does not mean that we are sitting. We are very focused on doing more for clients and going to new places where we haven’t been before, ”said Follis.

He adds that Kyndryll has a totally different strategy for reaching different customers that they haven’t been able to reach. And this is done by taking the skills and knowledge that they have for their large clients and packaging them for a more personalized environment. This enables Kyndryl not only to double potential growth, but also to offer offerings to a wider region to differentiate itself.

“We are the largest startup in history. We have been able to undertake this journey and not affect our clients. We are already seeing the difference. We are faster, flatter and more focused. We can go where our clients want us to go. We operate with a more efficient operating model, and we know exactly what we do well and we know where we need to go, ”concluded Follis.

IBM said Tuesday that it will distribute 80.1 percent of Kyndryl’s outstanding shares to IBM shareholders on a pro-rata basis to help carry out the separation. Shareholders will get one common share of the spun-off company for every five common shares of IBM held on the October distribution record date.

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Who are Kyndryl competitors?

Who are Kyndryl competitors?

Kyndryl’s main competitors include DXC Technology, Cognizant, Capgemini, and Accenture. Kyndryl is a company that designs, executes and manages technological infrastructure for companies and organizations. DXC Technology is an end-to-end IT services company.

What is the difference between IBM and Kyndryl? IBM has completed the separation of its Global Technology Services (GTS) into Kyndryl, an independent, publicly traded company. … In that annual report, Palmisano said, “By becoming a very different company than we were just a few years ago, we have become much more like the company IBM has been for most of its history.”

Is Red Hat Part of Kyndryl?

Kyndryl and IBM are Red Hat partners, but have no additional preferential pricing, funding, or treatment from the Raleigh, North Carolina-based open source software provider, Farrell said.

Is Red Hat a IBM?

After IBM acquired Red Hat for $ 34 billion in October 2019 and then Red Hat CEO Jim Whitehurst was named IBM president three months later, most IBM and Red Hat analysts assumed it was just a matter of time before Whitehurst took over as IBM’s top job. CEO.

Is Kyndryl owned by IBM?

Kyndryl spun off from IBM as a separate managed infrastructure service provider (MSP) business, IBM confirmed on November 3. Here you will find everything you need to know about the Kyndryl MSP business.

What is Kyndryl spinoff?

Kyndryl, the spin-off of IBM’s managed infrastructure services business, debuted as a separate company on the New York Stock Exchange on Thursday under the symbol “KD.” the largest IT infrastructure service provider, ”Kyndryl CEO Martin Schroeter said during a virtual event in October.

Why is IBM spinning off Kyndryl?

The spin-off announced last year by IBM as a way to improve its earnings and share price will bring a major infrastructure services business to market for investors to consider. Kyndryl says it has $ 19 billion in annual sales, but has predicted that sales will fall between 5% and 6% this year.

What did Kyndryl Holdings spin off from?

Kyndryl Holdings, Inc. (“Kyndryl”) was recently spun off from International Business Machines Corporation (“IBM”), and IBM distributed 80.1% of its Kyndryl shares to IBM shareholders on November 3, 2021 (the â € œDistributionâ €).

Is Kyndryl still part of IBM?

ARMONK, N.Y., November 3, 2021 – IBM (NYSE: IBM) announced today that it has completed the divestiture of its managed infrastructure services business to Kyndryl. “We look forward to our partnership with Kyndryl as it moves forward as an independent company” …

Why is IBM spinning off Kyndryl?

The spin-off announced last year by IBM as a way to improve its earnings and share price will bring a major infrastructure services business to market for investors to consider. Kyndryl says it has $ 19 billion in annual sales, but has predicted that sales will fall between 5% and 6% this year.

Do IBM stock holders get Kyndryl stock?

IBM shareholders earned one Kyndryl share for every five IBM shares they owned. Kyndryl CEO Martin Schroeter recently told Barron’s that he sees the company as a “$ 19 billion start-up,” which is reshaping its business for a world in which more and more workloads of IT is moving to the cloud and away from data. centers.

What is the cost basis of a spinoff stock?

What is the cost basis of a spinoff stock?

The cost basis is the total amount you paid for an investment, such as a share. A spin-off occurs when a company splits into two or more parties. If you own shares in a company that has a spin-off, the cost basis that you have in the original company is divided by the resulting splits.

What if you don’t know the cost basis of an action? Test the brokerage firm’s website to see if they have that information or give them a call to see if it can be provided. If you are absolutely stumped and have no records showing what you paid for your shares, our recommendation is that you visit a website like bigcharts.marketwatch.com that has historical stock price quotes.

How do I calculate cost basis of old stock?

You can calculate your cost per share base in two ways: Take the original investment amount ($ 10,000) and divide it by the new number of shares you own (2,000 shares) to arrive at the new cost per share base ($ 10,000 / 2,000 = $ 5).

How do you calculate the cost basis of a stock with multiple purchases?

To find your total cost basis for your investment with multiple purchases, add the individual cost basis for each share you own. For example, if you own three shares in Company XYZ, one purchased at $ 10, one at $ 15, and one at $ 20, your total cost basis is $ 45.

How do you calculate missing cost basis?

Subtract the amount paid at the time of purchase from the amount received at the time of sale to determine your missing cost basis.

What happens to cost basis in a spinoff?

Stock Spin-offs Occasionally, a company will spin off shares of another company for all of its shareholders. Basically, the entire transaction is a zero-sum event where the total cost basis of all shares owned after the spin-off equals the total cost base in the shares you owned before the spin-off.

What happens when a company does a spinoff?

A spin-off is when a company takes a portion of its operations and splits it into a separate entity. … When a spin-off occurs, investors in the parent company automatically become investors in the subsidiary through the tax-free distribution of new shares. New investors can buy shares in one or both companies.

How are spinoffs taxed?

The taxable status of a spin-off is governed by Section 355 of the Internal Revenue Code (IRC). Most spin-offs are tax-free and meet the Section 355 requirements for tax exemption because the parent company and its shareholders do not recognize taxable capital gains.

What happens to stock after spinoff?

In a spin-off, the shares of the new company are distributed tax-free to the shareholders of the parent company. … When a spin-off occurs, investors in the parent company automatically become investors in the subsidiary through the tax-free distribution of new shares. New investors can buy shares in one or both companies.

How many shares do you get in a spin-off?

What does a spin-off mean for shareholders? Shareholders of the parent company will normally receive shares in the spun off company. The investor will generally receive one share from the spin-off for a predetermined number of shares of the parent company owned by the investor.

What happens with parent company in spin-off?

A spin-off occurs when a parent company separates part of its business operations into a second publicly traded entity and distributes shares of the new entity to its current shareholders. … The spun-off entity may incur debt to provide a distribution to the parent in exchange for those assets or loss of cash flow.

When did Kyndryl start trading?

Kyndryl will begin trading on Thursday, November 4 on the New York Stock Exchange under the ticker symbol “KD” following the completion of the divestiture of IBM’s managed infrastructure services business (NYSE: IBM).

Why is IBM parting with Kyndryl? The spin-off announced last year by IBM as a way to improve its earnings and share price will bring a major infrastructure services business to market for investors to consider. Kyndryl says it has $ 19 billion in annual sales, but has predicted that sales will fall between 5% and 6% this year.

Will Kyndryl be publicly traded?

As of November 4, Kyndryl will be listed on the New York Stock Exchange under the symbol KD. In a prepared statement, IBM CEO Arvind Krishna said: … “We are delighted that Kyndryl is today an independent company, with 90,000 of the best and brightest professionals, a strong balance sheet and a path of growth.

Will IBM stock holders get Kyndryl stock?

Each holder of IBM common shares will receive one Kyndryl common share for every five IBM common shares held on October 25, 2021, the record date for distribution. … “We look forward to our partnership with Kyndryl as it moves forward as an independent company.”

Does Kyndryl pay a dividend?

Kyndryl does not currently pay dividends.

Will IBM stockholders get Kyndryl stock?

IBM investors will get Kyndryl shares. … Upon completion of the spin-off, IBM shareholders will receive new shares equal to 80.1% of Kyndryl, while IBM will retain an equity interest of less than 19.9% ​​and reclassify the business segment as a discontinued operation.

How do beginners buy stocks?

Here are five steps to help you buy your first share:

  • Select an online stock broker. The easiest way to buy stocks is through an online stockbroker. …
  • Research the stocks you want to buy. …
  • Decide how many shares to buy. …
  • Choose your type of stock order. …
  • Optimize your portfolio of stocks.

How much should a beginner buy stocks?

“If you are a typical hardworking person or a beginning investor, you should know that it does not take a lot of money to get started,” wrote IBD founder William O’Neil in “How to Make Money in Stocks.” “You can start with as little as $ 500 to $ 1,000 and add as you earn and save more money,” he wrote.

How many employees will Kyndryl have?

Our experience speaks for itself: We have 90,000 highly-skilled employees around the world serving 75 of the Fortune 100 companies. But our purpose is what drives us: to advance the vital systems that drive human progress.

Do IBM shareholders get Kyndryl shares? IBM shareholders earned one Kyndryl share for every five IBM shares they owned. Kyndryl CEO Martin Schroeter recently told Barron’s that he sees the company as a “$ 19 billion start-up,” which is reshaping its business for a world in which more and more workloads of IT is moving to the cloud and away from data. centers.

Is Kyndryl owned by IBM?

Kyndryl spun off from IBM as a separate managed infrastructure service provider (MSP) business, IBM confirmed on November 3. Here you will find everything you need to know about the Kyndryl MSP business.

What does the company Kyndryl do?

In short, Kyndryl will use intelligent automation, data services, cloud services, and security to deliver more value and enable digital transformation.

Is Red Hat Part of IBM or Kyndryl?

Kyndryl and IBM are Red Hat partners, but have no additional preferential pricing, funding, or treatment from the Raleigh, North Carolina-based open source software provider, Farrell said.

What does IBM produce?

IBM produces and sells computer hardware, middleware and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology.

What is IBM better known for? IBM is perhaps the best known computer company in the world. It started as the Computing, Tabulating, and Recording Company (C-T-R) founded by Herman Hollerith in the late 19th century. … IBM was the world leader in providing computer systems for business and scientific applications.

What does IBM make now?

IBM generated annual net revenue of $ 5.6 billion on revenue of $ 73.6 billion in 2020. … The company does not provide a breakdown of how much profit or revenue each acquisition currently brings in, except for Red Hat’s quarterly revenue.

What is IBM known for today?

After a series of reorganizations, IBM remains one of the largest IT companies and systems integrators in the world. With more than 400,000 employees worldwide as of 2014, IBM has more patents than any other US-based technology company and has twelve research labs around the world.

Does IBM make anything anymore?

IBM has never stopped making computers. Since the early 1950s, IBM has produced mainframe and mid-range computers. They still do today. They are simply no longer in the market for PCs (personal computers).

Does IBM produce computers?

IBM still makes computers IBM still makes and services mainframes like this Z10. Some people are surprised to hear, but IBM still makes computers. They don’t make computers that run Windows, but they still make high-end computers that run AIX, their version of Unix. They also make minicomputers and mainframes.

What computers are made by IBM?

IBM personal computer with keyboard and monitor
MakerIBM
Dream1 channel / 1 bit digital square wave PC speaker (PWM compatible)
PredecessorIBM System / 23 Datamaster
SuccessorPersonal computer IBM XT IBM Personal System / 2 IBM PCjr Portable personal computer IBM IBM PC Convertible

Do IBM make laptops?

ThinkPad is a line of business-oriented laptops and tablets designed, developed, and marketed by Lenovo and formerly IBM. The line was originally sold by IBM until 2005, when Lenovo acquired a portion of the company’s business.

Is Kyndryl a part of IBM?

Kyndryl spun off from IBM as a separate managed infrastructure service provider (MSP) business, IBM confirmed on November 3.

Kyndryl is a software company? Driving the transformation of cloud-based fintech applications [Kyndryl] allows us to focus more on the application and our business. Investment firms around the world use SimCorp’s flagship software.

Is Red Hat Part of IBM or Kyndryl?

Kyndryl and IBM are Red Hat partners, but have no additional preferential pricing, funding, or treatment from the Raleigh, North Carolina-based open source software provider, Farrell said.

What is Red Hat IBM?

Red Hat, Inc. is a US subsidiary software company of IBM that provides open source software products to enterprises. … On October 28, 2018, IBM announced its intention to acquire Red Hat for $ 34 billion. The acquisition closed on July 9, 2019.

Is Kyndryl part of IBM?

Kyndryl, the spin-off of IBM’s managed infrastructure services business, debuted as a separate company on the New York Stock Exchange on Thursday under the symbol “KD.”

Is Kyndryl and IBM same?

This morning, IBM officially spun off its infrastructure services into a new business called Kyndryl, one that, by the way, has revenue of $ 19 billion as a public company.

Does IBM own Kyndryl?

ARMONK, N.Y., November 3, 2021 – IBM (NYSE: IBM) announced today that it has completed the divestiture of its managed infrastructure services business to Kyndryl. “We look forward to our partnership with Kyndryl as it moves forward as an independent company” …

What is the new name of IBM?

Kyndryl is the new name for IBM’s managed infrastructure services business, which will become a separate company in late 2021.

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