Kyndryl Completes Sale of its Securities Industry Services Platform in Canada
Kyndryl (NYSE: KD) has completed the sale of its Securities Industry Services (SIS) platform in Canada to Broadridge Financial Solutions. SIS is a transaction processing platform serving the securities brokerage industry. This transaction follows a previously announced agreement between the companies.
Kyndryl (NYSE: KD) ha completato la vendita della sua piattaforma Securities Industry Services (SIS) in Canada a Broadridge Financial Solutions. SIS è una piattaforma per l'elaborazione delle transazioni che serve l'industria della intermediazione di titoli. Questa transazione segue un accordo precedentemente annunciato tra le aziende.
Kyndryl (NYSE: KD) ha completado la venta de su plataforma Securities Industry Services (SIS) en Canadá a Broadridge Financial Solutions. SIS es una plataforma de procesamiento de transacciones que atiende la industria de corretaje de valores. Esta transacción sigue un acuerdo previamente anunciado entre las compañías.
킨드릴 (NYSE: KD)이 캐나다에서 브로드리지 금융 솔루션에 증권 산업 서비스(SIS) 플랫폼을 판매 완료했습니다. SIS는 증권 중개 산업에 서비스를 제공하는 거래 처리 플랫폼입니다. 이 거래는 두 회사 간에 이전에 발표된 계약에 따른 것입니다.
Kyndryl (NYSE: KD) a finalisé la vente de sa plateforme Securities Industry Services (SIS) au Canada à Broadridge Financial Solutions. SIS est une plateforme de traitement des transactions desservant l'industrie de la courtage en valeurs mobilières. Cette transaction fait suite à un accord précédemment annoncé entre les entreprises.
Kyndryl (NYSE: KD) hat den Verkauf seiner Plattform Securities Industry Services (SIS) in Kanada an Broadridge Financial Solutions abgeschlossen. SIS ist eine Transaktionsverarbeitungsplattform, die die Wertpapierbrokerage-Industrie bedient. Diese Transaktion folgt einem zuvor angekündigten Vertrag zwischen den Unternehmen.
- Successfully completed divestiture of non-core business asset
- None.
Insights
The sale of Kyndryl's SIS platform to Broadridge represents a strategic move to streamline operations and potentially strengthen the balance sheet. While this divestiture aligns with Kyndryl's focus on core infrastructure services, the absence of disclosed financial terms makes it challenging to quantify the immediate impact on shareholders. Broadridge, as a leading fintech player, is well-positioned to integrate and enhance the SIS platform, which could benefit existing Canadian securities industry clients. The transaction reflects Kyndryl's ongoing portfolio optimization efforts since its spin-off from IBM, suggesting a disciplined approach to capital allocation and business focus.
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.
Media Contact
press@kyndryl.com
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SOURCE Kyndryl
FAQ
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