IBM has given its new independent company the name Kyndryl, which will be created after the split of its managed infrastructure services business by the end of the year.
“Kyndryl evokes the spirit of true collaboration and development,” said Martin Schroeter, Kyndryl’s chief executive officer.
“Kyndryl will be known around the world as a brand that operates the critical systems at the heart of change, as well as an independent business with the best global talent in the industry,” says the company.
Kyndryl will have its headquarters in the New York City at the same time, according to Schroeter, which places the company’s team “in one of the world’s most vibrant and global urban centres” and “underscores our contribution to the economic health of cities.”
Kyndryl is a combination of two words that represent the identity and mission of the new company. The first is Kyn, which is derived from the word kinship and refers to the idea that the strategy’s focus should be on people’s relationships and that long-term relationships must be established and nurtured.
The second term, Dryl, is derived from the word tendril, which denotes new growth and the company’s commitment to success.
“Choosing a name is just the beginning of our brand’s journey. It will help people recognise us, but the meaning of the name will evolve based on our behaviours, goals, and actions, as well as what we allow our customers to do,” said Maria Bartolome Winans, Kyndryl’s chief marketing officer.
“Our mission is to lead the organisation that develops, operates, and modernises the vital technology infrastructure of the world’s most significant companies and organisations, eventually enabling human progress.”
Kyndryl forms alliances with a diverse range of technology partners once operational to help customers develop solid, stable, resilient, and adaptive digital capabilities.
Schroeter, who previously served as IBM’s senior vice president of global markets, was appointed CEO of the new managed services firm in January of this year.
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