What does NewCo mean in business?

What does NewCo mean in business?

What does NewCo mean in business?

NewCo or Newco is a generic name for proposed corporate spin-off, startup, or subsidiary companies before they are assigned a final name, or to proposed merged companies to distinguish the to-be-formed combined entity with an existing company involved in the merger which may have the same (or a similar) name.

What is NewCo llc?

Newco LLC means a majority owned joint venture to be formed by the Borrower in connection with the Eyelock Acquisition, such entity anticipated to be named Eyelock LLC.

What company is NewCo?

IBM Announces Senior Roles for “NewCo,” the Independent Managed Infrastructure Services Business to Spin Out from IBM.

What is NewCo name?

Managed Infrastructure Services business briefly known as NewCo has a new name. April 12, 2021 By Dan Swinhoe 1 Comment. IBM has revealed that Kyndryl will be the name of its new infrastructure company spin out.

Is Kyndryl subsidiary of IBM?

Sharing of Personal Information: while Kyndryl is an IBM subsidiary personal information will be shared between IBM and Kyndryl as described in the IBM Privacy Statement. Marketing: In anticipation of the separation from IBM, existing clients or prospects may be contacted for Kyndryl marketing purposes.

What is the meaning of Kyndryl?

What does Kyndryl mean? Kyndryl claims its name is derived from the words “kinship” and “tendril.” It is meant to evoke new growth and working together, and definitely not to hint at some kind of medication or a character in an online fantasy role-playing game.

What is the new name for IBM NewCo?

Kyndryl
“NewCo” — the original placeholder for the branch of the company that is now known as Kyndryl — is the sort of name that fades into the background, while Kyndryl, bizarre as it may be, is at no danger of being confused or lost in a sea of similar Google results (mostly because there are none).

Why is IBM spinning off Kyndryl?

Customer needs for application services and infrastructure services are diverging, and so spinning off Kyndryl will allow IBM to focus on growing its open hybrid cloud platform and AI capabilities, IBM CEO Arvind Krishna said in October 2020.

What is new name of IBM?

The new, independent company, which is expected to begin operations by the end of 2021, and which will design, run and modernise critical technology infrastructure for organisations worldwide, has been named Kyndryl.

Is Kyndryl owned by IBM?

Kyndryl spin-out from IBM will span six managed IT services. Kyndryl’s MSP capabilities will include cloud, applications, data, AI, security & more. IBM is on track to spin out Kyndryl as an independent managed infrastructure services provider (MSP) business before 2022.

Does IBM own Kyndryl?

Is Kyndryl a subsidiary of IBM?

Sharing of Personal Information: while Kyndryl is an IBM subsidiary personal information will be shared between IBM and Kyndryl as described in the IBM Privacy Statement. As part of the separation of business, contracts in scope of Kyndryl services will be transferred to Kyndryl.