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Kyndryl is set to kick off trading Thursday, Nov. 4, on the New York Stock Exchange under the ticker symbol “KD” following the completion of the managed infrastructure services business’ separation from IBM (NYSE: IBM). IBM said Wednesday its stockholders will get a share of common stock in the spinoff company for every five shares...
Jay Bokulic, a VMware executive most recently focused on national security accounts, has taken on a new role as senior director of federal strategic programs at the virtualization technology provider, FedHealthIT reported Tuesday. Bokulic will oversee business development efforts that support VMware’s strategic programs in the federal market a...
Clara Conti, a more than 20-year technology industry leader, has joined Red Hat as vice president and general manager of the company’s public sector business, according to a LinkedIn post. She brings to Red Hat over two decades of experience in strategic planning and execution, pipeline development, customer acquisition and retention policy im...
The board of directors of IBM (NYSE: IBM) has approved the planned separation of its managed infrastructure services business to form an independent public company that will operate as Kyndryl. IBM said Tuesday it will distribute 80.1 percent of Kyndryl’s outstanding shares to IBM stockholders on a pro rata basis to help carry out the...
Kyndryl, an independent managed infrastructure services provider spinning out of IBM (NYSE: IBM), has named CEO Martin Schroeter, Stephen Hester, former CEO of RSA Insurance Group, and eight other business leaders to the board of directors. Schroeter, former senior vice president of global markets at IBM, will serve as board chairman and Hester will...
President Joe Biden and representatives from the commercial and education sectors discussed commitments and initiatives to counter cybersecurity threats at a meeting held Wednesday at the White House. The Biden administration has expanded the Industrial Control Systems Cybersecurity Initiative to include natural gas pipelines and announced a Nationa...
IBM (NYSE: IBM) has hired seven former military and government officials and industry veterans to serve as partners on its Washington, D.C.-based federal global business services team. The company said Monday the key additions reflect its commitment to helping federal agencies advance information technology modernization efforts. Brian Davis, a reti...
Chuck Prow, president and CEO of Vectrus, was presented his 2021 Wash100 Award, the most prestigious award in all of government contracting (GovCon), by Executive Mosaic CEO Jim Garrettson during a ribbon-cutting ceremony of Vectrus’ new Tysons Corner office last Thursday. Since the inception of the Wash100 Award in 2014, Prow has received the hon...
Executive Mosaic CEO Jim Garrettson presented Chuck Prow, president and CEO of Vectrus, with his 2021 Wash100 Award during a ribbon-cutting ceremony unveiling the company’s new office facility in Tysons Corner on Thursday. “Chuck Prow, who led IBM’s public sector through one of its most successful periods, is now guiding Vectrus, a public comp...
A new IBM (NYSE: IBM) study says government information technology leaders said they expect agencies to make cybersecurity spending a priority for fiscal year 2022 amid the recent cyberattacks. IBM said Thursday it commissioned Morning Consult to survey more than 500 current and former U.S. government IT decision makers in June and found that more...
