In a major expansion plan, US software technology giant, International Business Machines Corp (IBM) has announced plans to open a large office in Kochi. The company plans to launch after its new facility is fully functional post-Covid-19. Also, the company will have a new name – Kyndryl.
As per the company plan, IBM India is expected to open their larger office during Q2 or Q3 of the current financial year. But, by the time IBM will be renamed as Kyndryl. After the official launch, the name IBM will hence change. The company has started using ‘NewCo’ as a placeholder name in their contracts with the external contractors.
The company also plans to remove all its IBM signboards from Kochi in the next few months. Globally, IBM’s ‘managed infrastructure services’ business is being spun-off into an independent new company named Kyndryl, with its headquarters in New York.
This new firm will continue with the original IT infrastructure business of IBM and it will enable IBM to focus on more profitable business areas of cloud services and artificial intelligence (AI). However, there are chances that the transition might be delayed for a few months more, until the end of the calendar year.
Meanwhile, IBM will continue to invest in Kyndryl throughout 2021 to ensure it maintains its leadership position in the market and can capitalize on the changes taking place to innovate in managed services.
IBM is already present in Kochi at Centre A Offices, a premium business centre on MG Road, which houses their coordination office in Kerala with less than five people. Recently, the company had listed a huge number of vacancies for Kochi on their website, fuelling speculation that the opening of the Kochi office is imminent.