.jpg)
NTT DATA, a global leader in digital business and technology services, has announced the acquisition of Alchemy Technology Services, a specialist insurance technology consultancy. This strategic move reinforces NTT DATA's commitment to transforming the global insurance ecosystem and addresses emerging challenges around agility, modernization, and scalability. The acquisition brings Alchemy's deep expertise in specialty insurance markets and Guidewire implementation capabilities, strengthening NTT DATA's position in serving complex, regulated insurance environments worldwide.
NTT DATA acquires Alchemy Technology Services
Strengthens global insurance technology capabilities
Enhances specialty insurance and London Market expertise
Expands Guidewire implementation and consulting services
Adds 200+ professionals through Alchemy's academy model
Supports digital transformation in $230B insurance IT market
The acquisition significantly enhances NTT DATA's insurance industry capabilities, particularly in the specialty insurance market and London Market, the largest reinsurance subscription market globally. Alchemy brings strong consultancy credentials and deep expertise in supporting complex, regulated environments, complementing NTT DATA's existing network of over 15,000 insurance specialists operating across 26 countries. This combination creates a powerful force in the insurance technology sector, which is projected to reach $230.7 billion in IT spending this year.
Executives from both companies emphasized the strategic alignment and growth potential of this acquisition. Bruno Abril, Global Lead, Insurance Industry at NTT DATA, stated: "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."
John Harkin, Founder and CEO of Alchemy, expressed enthusiasm for the new partnership: "This is a proud and exciting moment for our team, our clients, and the wider region. Becoming part of NTT DATA unlocks extraordinary opportunities, not just for international growth, but for expanding the reach and impact of the work we do."
The integration will establish Alchemy as a Global Centre of Excellence within NTT DATA, focusing on complex transformation programs for insurers worldwide. Alchemy's unique delivery model and academy training approach, which has developed over 200 professionals since 2018, will be extended to support teams across NTT DATA's global locations. This acquisition strengthens NTT DATA's regional presence in the UK and Ireland while providing dedicated expertise across the full insurance lifecycle, including core system implementation, digital transformation, testing, and application management.
NTT DATA is a $30+ billion business and technology services leader, serving 75% of the Fortune Global 100. We are committed to accelerating client success and positively impacting society through responsible innovation. We are one of the world's leading AI and digital infrastructure providers, with unmatched capabilities in enterprise-scale AI, cloud, security, connectivity, data centers and application services. Our consulting and industry solutions help organizations and society move confidently and sustainably into the digital future. As a Global Top Employer, we have experts in more than 50 countries. We also offer clients access to a robust ecosystem of innovation centers as well as established and start-up partners. NTT DATA is part of NTT Group, which invests over $3 billion each year in R&D.
Founded in 2018, Alchemy Technology Services is a specialist in digital transformation and consultancy services for the global insurance industry. The company is a Guidewire Advantage Partner, delivering solutions across core platform implementations, upgrades, testing, and cloud adoption. Headquartered in Northern Ireland, Alchemy also has a presence in London following its acquisition of a UK-based insurance technology firm in 2023. The company is known for its agile approach, client-first ethos and investment in talent development through its bespoke academy model.
TechIntelPro empowers B2B technology decision-makers with the latest industry trends, deep insights, leadership perspectives and actionable intelligence to drive both organizational and professional milestones—and thrive on the tech pulse.