Kyndryl Holdings, Inc. (NYSE:KD) acquired Skytap, Inc. for $51 million.
May 13, 2024
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Kyndryl Holdings, Inc. (NYSE:KD) acquired Skytap, Inc for $51 million on May 13, 2024. Cash consideration of $51 million reflects customary closing adjustments. Jefferies LLC acted as financial advisor to Skytap, Inc.
Kyndryl Holdings, Inc. (NYSE:KD) completed the acquisition of Skytap, Inc on May 13, 2024.
Kyndryl Holdings, Inc. is an information technology (IT) infrastructure services provider, serving enterprise customers in more than 60 countries. The Company designs, builds, manages and modernizes the complex, mission-critical information systems. Its segments include United States, Japan, Principal Markets and Strategic Markets. It offers services across domains such as cloud services, core enterprise and zCloud services, applications, data and artificial intelligence (AI) services, digital workplace services, security and resiliency services and network and edge services. Its advisory and implementation services are branded as Kyndryl Consult. The Company designs, builds and provides managed services for its customers' multi-cloud environments. It provides end-to-end enterprise data services, including data transformation, data governance and compliance and data migration. Its digital workplace services provide the technology infrastructure, mobility, security and access solutions.
KYNDRYL HOLDINGS, INC. 
