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Kyndryl Unveils Data Transformation Suite for SAP Solutions

1. Kyndryl launched a Data Transformation Suite to speed SAP S/4HANA Cloud migration. 2. The suite automates migration steps, reducing costs and risks. 3. Kyndryl's partnership with SAP strengthens, enhancing service capabilities. 4. The offering aims to streamline complex transformation scenarios for customers. 5. Kyndryl positions itself as a leader in SAP transformation projects.

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Why Bullish?

The announcement positions Kyndryl favorably in a competitive market, likely boosting investor confidence. Historical launches of similar services have often resulted in stock price increases due to heightened demand.

How important is it?

The announcement reveals significant developments in Kyndryl’s service offerings, likely affecting customer acquisition and retention positively. As they enhance their product portfolio, it can lead to increased stock price and investor interest.

Why Long Term?

The strategic partnership with SAP and the new product offering support long-term growth prospects, indicating sustained revenue generation potential. Companies that establish strong alliances in tech generally see gradual stock appreciation over time.

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Kyndryl data and application services combined with Data Transformation Suite for SAP Solutions accelerate customer migration to SAP S/4HANA Cloud , /PRNewswire/ -- Kyndryl (NYSE:KD), a leading provider of mission-critical enterprise technology services, today announced the launch of a Data Transformation Suite for SAP Solutions to help customers speed and streamline their migration to SAP S/4HANA Cloud. Kyndryl's suite of data transformation solutions delivers full SAP S/4HANA modernization lifecycle support without the need for third-party tools, expedites project timelines and minimizes the risk of data loss or corruption. The suite will be enabled by Kyndryl Consult services and is fine-tuned to quickly adapt to customer requirements. The Kyndryl Data Transformation Suite for SAP Solutions provides further value to customers through potential cost savings from the automation of the full migration lifecycle, including data profiling, migration blueprinting and analysis, transformation, validation, and reducing complexity, while addressing risks of operational disruption and the need for manual set-up. "The Kyndryl Data Transformation Suite for SAP Solutions was essential to the success of our own IT transformation in less than 18 months, and I'm excited for customers to reap its benefits," said Michael Bradshaw, Kyndryl's Global Applications, Data and AI Practice Leader. "I am confident that by combining this solution with our Kyndryl Consult expertise and data and application services, we can not only accelerate customers' migrations, but also establish a new standard for SAP S/4HANA Cloud transformation projects." Since establishing an alliance with SAP in November 2021, Kyndryl has strengthened its partnership to include its designation as RISE with SAP delivery partner and the expansion of the SAP Business Transformation Center – both of which accelerate customers' IT and business transformation projects and simplify their cloud transformations. By adding the Data Transformation Suite for SAP Solutions, Kyndryl further expands its ability to streamline customers' migration to SAP S/4HANA Cloud, especially in complex transformation scenarios like mergers, divestments, multiple heterogeneous data sources and multi-level data transformations. Visit the Kyndryl and SAP Alliance page for more information. About Kyndryl Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the Company designs, builds, manages and modernizes the complex information systems that the world depends on every day.  For more information, visit www.kyndryl.com.  Kyndryl Press Contact [email protected] SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.  Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements often contain words such as "aim," "anticipate," "believe," "contemplate," "could," "estimate," "expect," "forecast," "intend," "may," "objectives," "opportunity," "plan," "position," "predict," "project," "should," "seek," "target," "will," "would" and other similar words or expressions or the negative thereof or other variations thereon. All statements other than statements of historical fact, including without limitation statements concerning the Company's plans, objectives, goals, beliefs, business strategies, future events, business condition, results of operations, financial position, business outlook and business trends and other non-historical statements, are forward-looking statements. These statements do not guarantee future performance and speak only as of the date of this press release. Except as required by law, the Company assumes no obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual outcomes or results may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties including those described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K, and may be further updated from time to time in the Company's subsequent filings with the Securities and Exchange Commission. SOURCE Kyndryl WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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