Hertz Global Holdings, Inc (NASDAQ:HTZ) shares were trading higher in the premarket Friday after the company announced an expanded technology partnership.
• What’s ahead for HTZ stock?
Infrastructure services provider Kyndryl Holdings (NYSE:KD) said it extended its collaboration with Hertz to modernize critical systems and operations, Benzinga reports.
Kyndryl will continue working with Hertz under a five-year extension to advance the car rental giant’s technology ecosystem.
The renewed agreement will leverage Kyndryl’s Agentic AI Framework to help Hertz modernize core technology and operations.
Kyndryl consult services will assist Hertz in making its systems faster, more reliable, and easier to manage.
Hertz said the collaboration aims to streamline key processes and improve customer experiences.
Chris Berg, CAO at Hertz, said upgrading systems with Kyndryl will boost operational speed and efficiency.
Berg said the partnership should help Hertz deliver a better experience for customers at every touchpoint.
Shawn D’Souza, senior vice president of Global Modernization at Kyndryl, said the company will help Hertz accelerate decision-making and enhance reliability.
D’Souza said the partnership will enable Hertz to provide a faster, more seamless rental experience for customers.
Kyndryl’s services include migrating legacy mainframe systems to cloud-based architectures to centralize technology platforms.
The firm will also integrate AI-driven automation into Hertz’s workflow to optimize operational tasks and reduce complexity.
The extended partnership reflects Hertz’s broader effort to evolve its tech stack and support future business needs.
HTZ, KD Price Actions: At publication on Friday, Kyndryl shares are trading lower by 0.60% to $24.73; Hertz shares are trading lower by 0.88% to $5.68.
