Kyndryl Partners with Hertz on Technology Transformation
Rhea-AI Summary
Kyndryl (NYSE: KD) announced a five-year extension of its agreement with Hertz (NASDAQ: HTZ) to continue technology transformation work, dated January 23, 2026.
The engagement will extend Kyndryl Consult services and deploy Kyndryl's Agentic AI Framework to advance Hertz's technology ecosystem. Key activities described include migrating mainframe systems to cloud-based architectures, consolidating IT platforms for a more integrated environment, and integrating AI-driven automation to optimize operational workflows and system reliability.
Company statements emphasize goals to accelerate decision-making, improve reliability, and deliver a faster, more seamless rental experience for Hertz customers over the contract term.
Positive
- Signed five-year extension with Hertz through 2031
- Planned migration of Hertz mainframes to cloud architectures
- Deployment of Agentic AI Framework to automate workflows
- IT platform consolidation to create an integrated technology estate
Negative
- None.
News Market Reaction – HTZ
On the day this news was published, HTZ declined 2.64%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
"As we continue to transform every part of our business, advancing our systems and streamlining critical processes with Kyndryl will allow us to operate with greater speed and efficiency which will ultimately deliver an even better experience for our customers," said Chris Berg, Chief Administrative Officer at Hertz.
"Kyndryl is proud to partner with Hertz, leveraging our Agentic AI Framework to modernize its core technology and operations," said Shawn D'Souza, SVP, Global Modernization, Kyndryl. "Our partnership is helping Hertz accelerate decision-making, improve reliability and deliver a faster, more seamless rental experience for customers."
Kyndryl's transformation services are designed to advance and improve Hertz's system reliability and support Hertz's operational requirements as the company continues to evolve its technology estate. Key components include migrating mainframe systems to cloud-based architectures, consolidating IT platforms to create a more integrated technology environment, and leveraging Kyndryl's Agentic AI Framework to integrate AI-driven automation capabilities to optimize operational workflows.
About Kyndryl
Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services, offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit www.kyndryl.com.
Kyndryl press contact
press@kyndryl.com
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SOURCE Kyndryl