International Business Machines Corp Stock Price, News & Analysis

IBM has announced the separation of its managed infrastructure services business, Kyndryl, approved by its board. Shareholders will receive 80.1% of Kyndryl's shares, with a distribution date set for November 3, 2021. For every five shares of IBM, shareholders will receive one Kyndryl share, with the record date on October 25, 2021. After the separation, IBM will retain 19.9% of Kyndryl shares, which may be exchanged for IBM debt within a year.

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IBM and Raytheon Technologies have announced a strategic collaboration to develop artificial intelligence, cryptographic, and quantum solutions tailored for the aerospace, defense, and intelligence sectors. This partnership aims to enhance system design, secure communication networks, and improve decision-making processes. The collaboration combines IBM's innovations with Raytheon's aerospace expertise, addressing critical challenges in cybersecurity as quantum technologies evolve. A dedicated team will accelerate the integration of IBM's technologies into active programs and identify long-term solutions.

IBM and Deloitte have launched DAPPER, an AI-enabled managed analytics solution designed to help organizations effectively use data in hybrid cloud environments. This offering arises from their 21-year partnership and combines the Deloitte Analytics Platform with IBM Cloud Pak for Data, aiming to simplify AI adoption. DAPPER includes a cloud-enabled analytics platform, an analytics development factory, and a subscription catalog. By streamlining analytics, DAPPER aims to enhance data trust and reporting across industries, enabling quicker deployment of advanced solutions for complex business challenges.

IBM has signed a five-year agreement with Honda Motor Europe to manage and run its finance and procurement operations across Europe. This contract builds on their decade-long relationship, focusing on integrated services to enhance efficiency, reduce costs, and standardize processes in line with Honda's 'Zero Touch' vision. The partnership aims to improve supplier and customer service levels through automation and streamlined processes, driving significant cost savings and productivity improvements. This agreement formalizes IBM's role in Honda's transition towards a connected and electrified automotive landscape.

IBM and the YMCA of Metropolitan Los Angeles announced a partnership to enhance voter education and participation, particularly for underrepresented communities. Launching during National Voter Education Week, the Five Fifths Voter app offers tools to check registration status, register to vote, and access information about polling locations. With a focus on diversity, the app includes resources in 11 languages and is designed to assist various demographics, including parents, seniors, and those with disabilities. This initiative aligns with IBM's Call for Code for Racial Justice, aimed at empowering disenfranchised voters.

IBM has announced the election of Al Zollar to its board of directors, effective October 25, 2021. Zollar, 67, brings extensive experience from his 34-year career at IBM and as a technology investor. His background includes leadership roles in software and systems groups at IBM and directorships at other firms like Red Hat and Nasdaq. IBM CEO Arvind Krishna expressed confidence in Zollar's ability to contribute significantly to the company's growth, particularly in cloud and security strategies.

IBM, in partnership with ACME SAICO, will automate 22 wheat silos in Egypt by year-end using AI-powered technology. This initiative supports the Ministry of Supply's digitization efforts in the wheat supply chain, enhancing governance and efficiency. The project will utilize IBM's Cloud Pak for Business Automation and Cloud Pak for Integration, enabling real-time data collection from silo sensors. This automation aims to improve stock monitoring, streamline logistics, and contribute to Egypt's digital transformation strategy aligned with its 2030 Vision.

IBM has entered a strategic multi-year agreement with Telefónica to utilize IBM's intelligent automation software for implementing UNICA Next, Telefónica's first cloud-native 5G core network platform. This innovative network aims to enhance agility and efficiency for service optimization. Set to deploy in October 2021, UNICA Next will feature low-latency services across various data centers and is designed to comply with relevant industry standards, enabling enhanced customer value and 5G innovation.