Stock Market News

Kyndryl expands IT services deal with automaker Stellantis



 

STLAM
-0.04%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:


Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:


 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

KD
+1.23%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:


Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:


 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

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.

Source

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button