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Kyndryl Expands Its Cloud Services Through Acquisition of Solvinity

In a significant move towards bolstering its technological capabilities, Kyndryl (NYSE: KD), a prominent provider of essential enterprise technology services, has announced its agreement to acquire Solvinity Group B.V., a privately-held company known for its secure managed cloud platforms and services in the Netherlands. This acquisition aims to enhance Kyndryl's offerings, allowing them to better serve clients seeking to modernize their operations and secure sensitive workloads.

Strategic Importance of the Acquisition

Kyndryl’s President of Strategic Markets, Petra Goude, highlights that this acquisition is a strategic step towards broadening the firm's capabilities in secure cloud services. By integrating Solvinity’s private and hybrid sovereign cloud solutions with Kyndryl’s comprehensive range of advisory, implementation, and managed services, clients will now have access to enhanced options for managing their workloads. This is especially crucial in today's environment where data security and regulatory compliance are becoming increasingly stringent across industries.

Enhancing Customer Services

With this acquisition, Kyndryl aims to empower customers not just to meet their current needs but also to innovate and transform for the competitive landscape of the future. The combined expertise will allow Kyndryl to offer advanced capabilities in managing, securing, and automating workloads. Customers can expect to leverage more robust security features, sophisticated cloud platform services, and AI enablement capabilities. The seasoned team of Kyndryl, which boasts deep national and international certifications, will also support clients in navigating the ever-evolving landscape of data sovereignty and compliance requirements.

Looking Ahead

The exact terms of the acquisition have yet to be disclosed, and the completion of this transaction is contingent on standard closing conditions, including regulatory approval and consultations with employee representatives. As Kyndryl positions itself as a leader in the IT infrastructure sector, their intent is clear: to empower organizations as they face increasing challenges related to data security and digital transformation.

About Kyndryl

Kyndryl stands as the world's largest IT infrastructure services provider, showcasing a commitment to designing, building, managing, and modernizing the intricate information systems that businesses rely on every day. With a presence in over 60 countries, Kyndryl continues to evolve by expanding its service portfolio and investing in mission-critical capabilities. For more details, visit www.kyndryl.com.

This acquisition not only marks a significant turning point for Kyndryl but also underscores the long-term trend of enterprises investing in robust, secure cloud solutions as they strive to innovate and remain competitive in a rapidly transforming digital landscape.