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CSC Completes Xchanging Acquisition

TYSONS, Va., May 05, 2016 (BUSINESS WIRE) -- CSC CSC, +1.48% a leading provider of next-generation technology solutions and services, today announced that it has completed the acquisition of Xchanging plc.

CSC and Xchanging together will create a new leader in technology and business process services for the global insurance industry, significantly expanding CSC’s market coverage and enhancing the range of services to clients of both companies. The acquisition was accepted overwhelmingly by Xchanging shareholders, with approval by the CSC and Xchanging Boards and regulators.

Xchanging provides technology-enabled business solutions to organizations in global insurance and financial services, healthcare, manufacturing, real estate and the public sector. The acquisition brings:

  • Market leading insurance software, Xuber, which has served the global complex commercial insurance market for over 40 years.
  • Deep domain expertise and leadership within the London insurance market, where Xchanging has been recognized as the number one provider of services and technology since 2001.
  • A leading position providing property and casualty insurance and wealth management business processing services.

With the acquisition of Xchanging, CSC will be at the heart of the insurance industry’s digital transformation. The acquisition is a cornerstone of the company’s strategy to lead clients on their digital journey with next-generation IT offerings. That strategy leverages partners, industry software and deep domain expertise.

“We are delighted to have the Xchanging team join...