Kyndryl Acquires Skytap; Sells SIS Business to Broadridge
May 14, 2024
Kyndryl announced it has acquired privately held Skytap to expand its hybrid cloud and workload migration capabilities, and separately entered a definitive agreement to sell its Securities Industry Services (SIS) business in Canada to Broadridge Financial Solutions. The moves are part of a portfolio optimization to deepen Kyndryl's mission-critical cloud offerings while divesting a noncore transaction-processing platform.
- Buyers
- Kyndryl, Broadridge Financial Solutions, Inc.
- Targets
- Skytap, Securities Industry Services (SIS)
- Sellers
- Kyndryl
- Industry
- Cloud & SaaS
- Location
- Washington, United States
- Transaction Type
- Buyout
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