NTT DATA, a global digital business and technology services company, acquires Alchemy Technology Services, a UK and Ireland consultancy with Guidewire chops and a serious track record in the London Market.
The move isn’t just a regional play. It deepens NTT DATA’s grip on specialty insurance lines and heavily regulated segments.
Alchemy doesn’t disappear into the machine. The 200+ staff form a new Global Centre of Excellence, tasked with steering modernization projects for insurers worldwide.
That means AI pilots, automation-heavy processes, and rethinking what next-gen products look like when core systems stop creaking.
Bruno Abril, who runs the insurance business globally for NTT DATA, framed it with sharp clarity. According to him, IT modernization in property and casualty insurance isn’t passing hype, it’s a long-haul investment wave.
Pairing NTT DATA’s scale with Alchemy’s expertise, he said, sets them up to lead the shift and deliver scalable, smarter solutions that insurers keep asking for. His words had an edge of conviction: this was less about paperwork, more about locking in a future.
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 noted.
John Harkin, Alchemy’s founder, hit a different note. For him, the acquisition meant international doors opening, but he pulled the focus back home. He described it as a proud moment for his team and clients, stressing that the deal keeps a long-term promise to the north-west of Ireland alive. Bigger reach, yes, but with roots that don’t move.
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.
John Harkin, Founder and CEO of Alchemy
“As someone deeply committed to the north-west of Ireland, I’m especially proud that this move allows us to reaffirm and strengthen our long-term commitment to the area,” John Harkin says.
The deal reads as both strategy and sentiment. A global tech giant betting hard on modernization, and a local player scaling up without losing its identity. We think insurers watching from the sidelines might already be recalculating their next moves.
NTT DATA is a $30+ bn business and technology services leader, serving 75% of the Fortune Global 100.
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