Kyndryl Holdings Inc. today introduced new professional service offerings that will help organizations build and manage cloud applications.
Kyndryl operated as a division of IBM Corp. until last November, when it spun out to become an independent company. Its shares are listed on the New York Stock Exchange. Kyndryl has approximately 90,000 employees and thousands of enterprise customers, including three quarters of the Fortune 100.
The new professional service offerings that the company debuted today are collectively known as the Kyndryl Cloud Native Services portfolio. They will help organizations move on-premises applications to the cloud platforms of Amazon Web Services Inc., Microsoft Corp. and Google LLC. Kyndryl can also manage a company’s applications on its behalf after deploying them in the cloud.
“We’ve seen companies increase their use of cloud over the last few years but have had barriers to adoption – whether it’s the complexities of hybrid or multicloud landscapes or the lack of skills and expertise to manage their IT estates,” said Harish Grama, Kyndryl’s cloud global practice leader. “These new services are a direct outcome of Kyndryl’s ongoing journey to expand our innovation and offerings through strategic partnerships and new technology, which we have not been able to do before.”
Kyndryl’s services help customers implement cybersecurity mechanisms to protect their workloads from hacking attempts. In addition, the former IBM unit can manage the process of downloading patches. The Kyndryl Cloud Native Services portfolio also promises to ease a range of other tasks, such as setting up automated backup workflows and troubleshooting technical issues.
Kyndryl says that its services are delivered with the help of infrastructure as code, or IaC, tools. IaC is an approach to infrastructure management that involves using automated workflows to perform key maintenance tasks. Such automated workflows can save time for administrators, as well as reduce the risk of errors.
Kyndryl’s new services build on the partnerships that it has established with AWS, Microsoft and Google’s cloud business since spinning off from IBM. According to Kyndryl, it provides its services in accordance with the three cloud providers’ respective cloud adoption frameworks. Those frameworks specify the technical criteria that cloud environments should meet to ensure applications run reliably and efficiently.
Kyndryl reported financial results for its fiscal second quarter last month. The company’s revenue declined 9% year-over-year, to $4.2 billion, in the three months through Sept. 30 but grew 1% in constant currency on a pro forma basis. The public cloud is an important element of Kyndryl’s long-term strategy for driving revenue growth.
In the six months through Sept. 30, Kyndryl signed multiple contracts tied to its cloud provider alliances with a combined value of $425 million. The company hopes to grow that number to $1 billion by the end of its current fiscal year. Kyndryl expects to close the fiscal year with revenues of $16.3 billion to $16.5 billion.
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