Kyndryl Completes Sale of its Securities Industry Services Platform in Canada

Rhea-AI Summary

Kyndryl (NYSE: KD) has completed the sale of its Securities Industry Services (SIS) platform in Canada to Broadridge Financial Solutions. SIS is a transaction processing platform serving the securities brokerage industry. This transaction follows a previously announced agreement between the companies.

Positive

• Successfully completed divestiture of non-core business asset

Negative

• None.

News Market Reaction – KD

+0.35%

+0.35% Session move

In the trading session that priced this news, KD gained 0.35%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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NEW YORK, Nov. 1, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest technology infrastructure services provider, today announced that it has completed the previously announced sale of its transaction processing platform for the securities brokerage industry in Canada, known as Securities Industry Services (SIS), to Broadridge Financial Solutions, Inc.

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. 

Media Contact
press@kyndryl.com

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SOURCE Kyndryl

FAQ

What did Kyndryl (KD) sell to Broadridge Financial Solutions?

Kyndryl sold its Securities Industry Services (SIS) platform, a transaction processing platform for the securities brokerage industry in Canada.

When did Kyndryl (KD) complete the sale of its SIS platform?

Kyndryl completed the sale of its Securities Industry Services (SIS) platform on November 1, 2024.

Which company acquired Kyndryl's (KD) Securities Industry Services platform in Canada?

Broadridge Financial Solutions acquired Kyndryl's Securities Industry Services (SIS) platform in Canada.