DXC Technology in Advanced Talks to Sell Insurance Software Unit for $2.4 Billion
DXC Technology is reportedly in advanced discussions to sell its insurance software and services unit to Eldridge Industries, a private investment firm, for approximately $2.4 billion. The deal would see the business combined with Zinnia, an existing insurance technology platform owned by Eldridge that provides software solutions. The transaction highlights ongoing strategic shifts within DXC Technology as it seeks to streamline operations and focus on core IT services. For Eldridge Industries, acquiring this unit aligns with its strategy of expanding in high-growth sectors like insurtech through targeted acquisitions.
Tickers: $DXC