Kyndryl Announces Strategic Global Alliance with Palo Alto Networks to Provide Industry Leading Network and Cybersecurity Services

Rhea-AI Summary

Kyndryl announces strategic alliance with Palo Alto Networks to provide end-to-end network and cybersecurity services, including a new SD-WAN offering. The partnership aims to capitalize on the growing SD-WAN infrastructure market, estimated to grow at a CAGR of 10.1% through 2027. The new offering will enable customers to transform and modernize their networks to meet the demands of enterprise mobility and digital transformation. The alliance will benefit industries such as services, manufacturing, energy, healthcare, and retail. Kyndryl's industrial edge platform will integrate with Palo Alto Networks' security solutions and Nokia's MXIE Industrial edge for innovative use cases.

Positive

• Kyndryl's alliance with Palo Alto Networks and the launch of the new SD-WAN offering position the company to tap into the growing SD-WAN infrastructure market, expected to grow at a CAGR of 10.1% through 2027.
• The new SD-WAN offering will enable customers to transform and modernize their networks to meet the demands of enterprise mobility and digital transformation.
• The partnership will benefit industries such as services, manufacturing, energy, healthcare, and retail.
• Kyndryl's industrial edge platform integration with Palo Alto Networks and Nokia will enable innovative use cases.

Negative

• None.

• Alliance will provide end-to-end network and cybersecurity services for joint enterprise customers
• Kyndryl releases a new SD-WAN service offering powered by Palo Alto Networks Prisma SD-WAN to enable customers to digitally transform and meet demands of enterprise mobility
• Kyndryl's joint innovation lab will showcase innovative industrial 5G and edge use cases by the end of 2023

NEW YORK, Oct. 3, 2023 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced a strategic global alliance with Palo Alto Networks to provide end-to-end network and cybersecurity services, including the launch of a new service offering, powered by Prisma SD-WAN for enterprises and Industry 4.0 customers.

The alliance brings together Palo Alto Networks industry-leading platform security capabilities with Kyndryl's advanced network security services expertise to design, build, manage, and modernize mission-critical networking for customers across industries.

The companies are joining forces to capitalize on emerging opportunities in the SD-WAN infrastructure market that IDC estimates will grow at a compound annual growth rate of 10.1% through 2027. As the demands of enterprise mobility accelerate, enterprises are looking for greater operational agility to support their digital transformation. Businesses need to support the growing number of devices used to access the corporate network and cloud-based applications, while also meeting evolving security and compliance requirements.

Kyndryl and Palo Alto Networks are partnering to help businesses deliver consistent security and an enhanced user experience for customers everywhere, and across industries such as services, manufacturing, energy, healthcare, and retail. Kyndryl's new SD-WAN offering, powered by Prisma SD-WAN, will enable customers to transform and modernize their networks and meet the growing bandwidth demands of the proliferation of devices and cloud traffic. The new approach to network connectivity will provide a single pane of glass management to their networks, and simplifies deployment to branch-offices and edge services. By helping customers transition into a flexible and scalable network, Kyndryl will be able to help enterprises build a roadmap and incorporate new security paradigms such as SASE with Kyndryl Consulting services.

"At Kyndryl, we are at the forefront of helping enterprises with their network transformation to meet the growing trends of remote work, multi-devices usage, and cloud and data access. As organizations move away from traditional hardware-centric models to OPEX consumption models, the need for agile, highly secure and reliable networks is imperative," said Stephen Leonard, SVP of Global Strategic Alliances, Kyndryl. "We are delighted to partner with Palo Alto Networks to provide robust and versatile network security services that will provide many benefits to our customers."

"Together with Kyndryl, we are enabling enterprises to digitally transform confidently and innovate securely, while reaping the benefits of consolidating disparate security solutions into an integrated, best of breed platform," said Prem Iyer, SVP of Global Ecosystems for Palo Alto Networks. "We are committed to helping our joint customers achieve better security outcomes while protecting the modern connected organization from increasingly sophisticated attacks."

The global partnership between Kyndryl and Palo Alto Networks builds on the companies' established collaboration around security services and solutions. In July Kyndryl launched its new Security Operations as a platform (SOaap) solution leveraging Palo Alto Networks Cortex technology to drive operational savings and time-to-value through automation and orchestration. 

Earlier this year, Kyndryl and Palo Alto Networks, together with Nokia, established an innovation lab in support of joint enterprise customers. By the end of the year, customers will be able to view innovative industrial edge use cases running on cloud, 4.9G/LTE and 5G private wireless connectivity. This will include remote manufacturing process control and real-time analytics on factory production sites, provisioning and management of mobile devices to improve the employee and frontline worker experience for onboarding and communication, and IT and OT security integration for worker safety and operational efficiencies. Kyndryl's industrial edge platform will be integrated with a multi-factor zero trust model built on Palo Alto Networks next-generation firewalls, run on Nokia's MXIE Industrial edge as part of Nokia Digital Automation Cloud (DAC)'s solutions, and with end-to-end managed services provided by Kyndryl.

Visit Kyndryl to learn more information about Kyndryl's SD-WAN and SASE Services.

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.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements often contain words such as "will," "anticipate," "predict," "project," "plan," "forecast," "estimate," "expect," "intend," "target," "may," "should," "would," "could," "outlook" and other similar words or expressions or the negative thereof or other variations thereon. All statements, other than statements of historical fact, including without limitation statements representing management's beliefs about future events, transactions, strategies, operations and financial results, may be forward-looking statements. These statements do not guarantee future performance and speak only as of the date of this press release and the Company does not undertake to update its forward-looking statements. Actual outcomes or results may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties including those described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.

Media Contact:
Kyndryl 
press@kyndryl.com 

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