Kyndryl and Microsoft collaborate to accelerate customers' cloud modernization
Rhea-AI Summary
Kyndryl (NYSE: KD) has expanded its collaboration with Microsoft to enhance cloud modernization services. Microsoft has selected Kyndryl as a RISE with SAP migration program partner, leveraging Kyndryl's extensive SAP expertise and end-to-end services. With 94% of executives prioritizing tech modernization, Kyndryl aims to help customers minimize business disruption, reduce costs, and maximize SAP solutions' business impact through their transition to SAP S/4HANA Cloud. The collaboration, which began in November 2021, extends Microsoft Cloud's AI capabilities and helps customers unlock value from SAP data.
Positive
- Selected by Microsoft as RISE with SAP migration program partner
- Expanded strategic partnership with Microsoft enhancing cloud services offering
- Strong market opportunity with 94% of executives prioritizing tech modernization
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- None.
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On the day this news was published, KD declined 1.53%, reflecting a mild negative market reaction.
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Microsoft selects Kyndryl to drive customers' transformation to RISE with SAP®
With
Kyndryl will enable customers to overcome their complexity challenges by coupling its unique combination of expertise and services to accelerate the transition to RISE with SAP and SAP S/4HANA® Cloud. Doing so enables Kyndryl to further support customers in minimizing business disruption, reducing costs and maximizing the business impact SAP solutions can deliver.
"Kyndryl will leverage our data and application expertise, comprehensive services and alliance ecosystem to guide customers in their complex cloud transformations from beginning to end. In addition, our Kyndryl Consult services can help customers drive business impact, support their modernization journeys and assist them in achieving their digital transformation goals," said Michael Bradshaw, Kyndryl's Applications, Data and AI Global Practice Leader.
Since establishing their global strategic alliance in November 2021, Kyndryl and Microsoft's continued collaboration has provided customers with the end-to-end services to provide them with complete support on their digital transformation journey, including extending Microsoft Cloud's ability to deliver AI and generative AI solutions and supporting customers in unlocking value from their SAP data.
"With Kyndryl's unparalleled suite of migration services and their extensive expertise in RISE with SAP, they are an invaluable Microsoft partner. And Kyndryl's advanced security capabilities and ability to efficiently migrate customers well ahead of the 2027 SAP deadline exemplify the strength and reliability of our collaboration," said Stephen Boyle, Global Leader for Global System Integrators, Enterprise System Integrators and Advisory Partners at Microsoft.
Visit the Kyndryl and Microsoft and Kyndryl and SAP alliance pages for more information on their strategic partnerships.
About Kyndryl
Kyndryl (NYSE: KD) is the world's largest IT infrastructure services provider, serving thousands of enterprise customers in more than 60 countries. The Company designs, builds, manages and modernizes the complex, mission-critical information systems that the world depends on every day. For more information, visit www.kyndryl.com.
Forward-looking statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements often contain words such as "will," "anticipate," "predict," "project," "plan," "forecast," "estimate," "expect," "intend," "target," "may," "should," "would," "could," "outlook" and other similar words or expressions or the negative thereof or other variations thereon. All statements, other than statements of historical fact, including without limitation statements representing management's beliefs about future events, transactions, strategies, operations and financial results, may be forward-looking statements. These statements do not guarantee future performance and speak only as of the date of this press release and the Company does not undertake to update its forward-looking statements. Actual outcomes or results may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties including those described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in
Kyndryl press contact
press@kyndryl.com
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SOURCE Kyndryl