NTT DATA completed the acquisition of Alchemy Technology Services.

NTT DATA, a digital business and IT services company, completed the acquisition of Alchemy Technology Services, a specialist in digital transformation and consultancy services for the global insurance industry. Financial terms were not disclosed. “Joining forces with Alchemy enhances our ability to accelerate digital transformation in the insurance industry, reinforcing our strategic growth ambitions and the vast opportunities we see ahead. IT modernization in P&C insurance is not a fleeting trend - it’s a core market priority attracting sustained investment. Together, we are uniquely positioned to lead this transformation. This acquisition is a natural evolution of our shared vision, complementary capabilities and aligned values, empowering us to deliver smarter, scalable solutions that meet the evolving needs of insurers worldwide," Bruno Abril, NTT DATA Global Lead, Insurance Industry.