Acquisition reinforces NTT DATA’s commitment to innovation, modernization, and scalable transformation in the global insurance sector
NTT DATA, a global leader in AI, digital business, and technology services, has acquired Alchemy Technology Services, a specialist insurance technology consultancy. The move strengthens NTT DATA’s position in the global insurance ecosystem and expands its capability to deliver agile, scalable, and data-driven digital transformation solutions.
“Joining forces with Alchemy enhances our ability to accelerate digital transformation in insurance worldwide.”
— Bruno Abril, Global Lead, Insurance Industry, NTT DATA
Alchemy brings deep expertise in the specialty insurance market, particularly the highly regulated London Market, enhancing NTT DATA’s ability to serve complex and high-value segments worldwide. The acquisition also accelerates modernization efforts, enabling insurers to adopt next-generation technologies including AI, automation, sustainability initiatives, and innovative insurance products.
“Becoming part of NTT DATA unlocks extraordinary opportunities for growth and impact.”
— John Harkin, Founder & CEO, Alchemy Technology Services
Bruno Abril, Global Lead, Insurance Industry, NTT DATA, said:
“Joining forces with Alchemy enhances our ability to accelerate digital transformation in the insurance industry. IT modernization in P&C insurance is a core market priority attracting sustained investment. Together, we are uniquely positioned to lead this transformation and deliver smarter, scalable solutions that meet evolving insurer needs worldwide.”
“This acquisition will open greater opportunities to transform the global insurance industry.”
— Will McAllister, SVP, Managing Director, EMEA, Guidewire Software
John Harkin, Founder and CEO of Alchemy, added:
“This is a proud moment for our team, clients, and the region. Becoming part of NTT DATA unlocks extraordinary opportunities for growth and expanding the impact of our work, while reaffirming our commitment to Northern Ireland and the wider UK market.”
The Alchemy team will serve as a Global Centre of Excellence, shaping and delivering complex transformation programs across NTT DATA’s global operations. Its training academy, which has developed over 200 professionals since 2018, will now be scaled internationally to empower teams across the company.
Will McAllister, SVP, Managing Director, EMEA at Guidewire Software, welcomed the announcement:
“We are delighted to hear the news of Alchemy’s acquisition by NTT DATA. This milestone will create greater opportunities to transform the global insurance industry and deliver even greater value for clients.”
With more than 15,000 insurance specialists operating in 26 countries, and 6 of the top 10 insurers as clients, NTT DATA is poised to redefine digital transformation in insurance. The acquisition of Alchemy enhances global delivery, consulting expertise, and innovation, reinforcing NTT DATA’s commitment to helping insurers scale confidently and sustainably.
