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Kyndryl officially launches as IBM spins out $19B infrastructure services biz

This morning IBM officially spun out its infrastructure services into a new business called Kyndryl, one that, by the way, has revenue of $19 billion out of the gate as a public company. Whatever you think of this move, Kyndryl is a substantial company, yet IBM still saw itself better off without this considerable chunk of business. According to an investor presentation provided by the nascent company, Kyndryl sees itself as a consulting arm for legacy companies to help them make the transition to more modern ways of doing business, a mission that would seem to fit with what IBM has been trying to do in recent years with the company in general.

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