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Kyndryl Announces Agreement to Purchase Cloud-Services Provider Solvinity
Prnewswire· 2025-11-05 11:40
Core Insights - Kyndryl has announced the acquisition of Solvinity Group B.V., enhancing its portfolio to provide customers with modernized, innovative, and secure solutions for sensitive workloads [1][2]. Company Overview - Kyndryl is a leading provider of mission-critical enterprise technology services, operating in over 60 countries and offering advisory, implementation, and managed services [4]. Acquisition Details - The acquisition aims to combine Kyndryl's capabilities with Solvinity's secure managed cloud platforms, focusing on enhancing security and compliance for sensitive workloads [2]. - The transaction's terms were not disclosed, and it is subject to customary closing conditions, including regulatory approval [3]. Strategic Implications - This acquisition reflects Kyndryl's commitment to investing in mission-critical capabilities, enabling customers to meet increasing regulatory requirements and adapt to a rapidly evolving market [2]. - The integration of Solvinity's private and hybrid cloud offerings will allow Kyndryl to support customers in managing workloads with stringent security needs [2].