EY announces alliance with Kyndryl to help organizations advance and accelerate their digital transformation journeys

Rhea-AI Summary

On August 17, 2022, Kyndryl and EY US announced a strategic alliance aimed at assisting clients with digital transformation. This partnership combines Kyndryl's expertise in IT infrastructure services with EY's consulting capabilities in areas like cybersecurity and asset management.

The alliance intends to provide comprehensive solutions, addressing the complexities and risks associated with digital transformation. Both companies emphasize their commitment to helping clients modernize their operations and navigate the rapidly changing technological landscape.

Positive

• Strategic alliance enhances digital transformation solutions for clients.
• Combines resources of Kyndryl and EY US, leveraging strengths in IT infrastructure and consulting.
• Addresses challenges in cybersecurity and IT asset management.

Negative

• None.

• Combines Kyndryl IT services expertise with strategy, business and technology consulting capabilities of EY US
• Helps clients navigate complex digital transformations from design, implementation to ongoing operations
• Assists in adapting to rapidly changing market needs by combining the strengths of two global organizations that can jointly address comprehensive digital solutions

LONDON, Aug. 17, 2022 /PRNewswire/ -- EY today announces an alliance between Kyndryl, the world's largest IT infrastructure services provider, and Ernst & Young LLP (EY US), to support clients in achieving their digital transformation goals.

Many organizations are turning to digital transformation to become more effective and competitive. As they go through this journey, many face challenges related to complex IT environments and the inherent risks (e.g., cybersecurity, resiliency and IT asset management). 

Recognizing this, the EY−Kyndryl Alliance provides an innovative approach and utilizes advanced technologies to help organizations transform and modernize their business. The alliance combines Kyndryl's cloud and core infrastructure services with the leading business and technology consulting capabilities of EY US in areas including cybersecurity, asset management and cloud infrastructure services.

Kyndryl is a leader in managed infrastructure and implementation services. They offer a comprehensive suite of mission-critical capabilities, while EY US is a leader in driving large-scale, complex client transformations and has deep industry experience as part of its business and technology consulting services. The combination of these complementary services will greatly assist clients on their transformation journeys while mitigating the risks of these highly complex initiatives.

Heather Ficarra, Kyndryl Alliance Leader, Ernst & Young LLP, says:

"As organizations execute on their digital transformation journeys, they face challenges in modernizing complex systems, business processes and controls. The EY−Kyndryl Alliance will help clients achieve their strategic transformation goals by providing compelling comprehensive solutions. The alliance leverages the deep domain experience of EY business and technology consulting with Kyndryl's technology transformation and support." 

Greg Sarafin, EY Global Partner Ecosystem Leader, says:

"The combination of the leading business and technology consulting capabilities of EY US and the industry-leading IT infrastructure services of Kyndryl will be a powerful force in the market. The creation of innovative, joint services and solutions that address the strategy, transformation and ongoing operations will greatly benefit our mutual clients."  

Stephen Leonard, Kyndryl Global Alliances & Partnerships Leader, says: 

"Our alliance with EY US will help broaden the global reach and impact of Kyndryl's advanced IT infrastructure services to new customers across different industries and geographies that are seeking to modernize and transform their businesses. The combined experience and solutions that will stem from our strategic relationship with EY US will help companies overcome challenges, pursue new opportunities and derive more value from their IT environments."

For more information, visit ey.com/alliances.

About EY

EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.

This news release reflects information from the date of initial publication and is not further updated.

About Kyndryl

Kyndryl (NYSE: KD) is the world's largest IT infrastructure services provider. The company designs, builds, manages, and modernizes the complex, mission-critical information systems that the world depends on every day. Kyndryl's more than 90,000 employees serve over 4,000 customers in more than 60 countries around the world, including 75 percent of the Fortune 100. For more information, visit www.kyndryl.com

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SOURCE EY

FAQ

What is the Kyndryl and EY US alliance about?

The alliance aims to support clients in digital transformation by combining Kyndryl's IT infrastructure services with EY's consulting capabilities.

When was the Kyndryl and EY US alliance announced?

The alliance was announced on August 17, 2022.

What benefits does the Kyndryl and EY US partnership provide?

The partnership offers comprehensive solutions for cybersecurity, asset management, and IT infrastructure, helping clients modernize and manage complex systems.

What is the stock symbol for Kyndryl?

The stock symbol for Kyndryl is KD.