Deal strengthens NTT DATA’s leadership in insurance modernization, deepens presence in UK and Ireland
Global digital services leader NTT DATA has announced the acquisition of Alchemy Technology Services, a Northern Ireland–based specialist in insurance technology consulting, reinforcing its ambition to lead the digital transformation of the global insurance sector.
“Together, we are uniquely positioned to lead insurance transformation globally.”
— Bruno Abril, Global Lead, Insurance Industry, NTT DATA
The acquisition brings together NTT DATA’s scale and Alchemy’s strong consulting and Guidewire expertise, particularly within the London Market, the world’s largest reinsurance subscription market. This strategic move aims to address the sector’s growing needs for agility, modernization, and scalability as insurance IT spending is projected to exceed $230 billion this year.
“This move reaffirms our long-term commitment to Northern Ireland and our people.”
— John Harkin, Founder and CEO, Alchemy Technology Services
“Joining forces with Alchemy enhances our ability to accelerate digital transformation in the insurance industry,” said Bruno Abril, Global Lead, Insurance Industry, NTT DATA. “Together, we are uniquely positioned to lead this transformation through smarter, scalable, and sustainable solutions.”
“This acquisition opens new opportunities to transform the global insurance industry.”
— Will McAllister, SVP & MD, EMEA, Guidewire Software
Founded in 2018, Alchemy has built a reputation for its agile delivery model, academy-based talent development, and its role as a trusted Guidewire Advantage Partner. Under NTT DATA, Alchemy will serve as a Global Centre of Excellence, helping design and deliver complex transformation programs for insurers worldwide.
John Harkin, Founder and CEO of Alchemy, said the move is a proud milestone for his team and 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.”
