Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Kyndryl expands IT services deal with automaker Stellantis

EditorEmilio Ghigini
Published 2024-03-04, 03:32 a/m
© Reuters.
STLAM
-
KD
-

NEW YORK - Kyndryl (NYSE:KD), the world's largest IT infrastructure services provider, has announced an expanded multi-year agreement with Stellantis (NYSE:STLA) to manage and operate select business operations. The services provided under this agreement will include networking, data center support, and local IT services support across Europe, North America, and South America.

This announcement builds on a previous agreement disclosed in February 2023, where Kyndryl was tasked with modernizing Stellantis' IT infrastructure. The expansion of the partnership is aimed at enabling the automaker to enhance its focus on areas such as digital, cybersecurity, new business models, and customer-centric solutions.

Gilles Feuntun, Vice President of Global Technology & Operations at Stellantis, expressed enthusiasm about the collaboration, stating that the company is striving to set new benchmarks in the automotive industry by reimagining mobility. He emphasized the importance of partnering with technology leaders like Kyndryl to deliver innovative and sustainable products and solutions that cater to the needs of customers and the environment.

Angelo Cirocco, Managing Partner at Kyndryl, also commented on the extended relationship, noting the shared vision of digital transformation and innovation between the two companies. He highlighted Kyndryl's commitment to leveraging its global scale, industry knowledge, and technology expertise to support Stellantis in achieving its strategic objectives.

The partnership between Kyndryl and Stellantis will continue to focus on co-creating and co-innovating solutions that aim to improve the customer experience, operational efficiency, and sustainability within the automotive sector.

Kyndryl operates in more than 60 countries and is known for designing, building, managing, and modernizing critical information systems for enterprise customers. This expanded agreement with Stellantis underscores Kyndryl's role in supporting key industry players in their digital transformation journeys. The information in this article is based on a press release statement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.