CSC completes acquisition of Xchanging
CSC announced Thursday it has completed the acquisition of London-based Xchanging plc.
The acquisition will expand CSC’s market coverage and grow the range of services of both companies.
The agreement was accepted by Xchanging’s shareholders and was approved by regulators and boards of both companies.
Xchanging provides technology business solutions to companies in the global insurance and financial services, health care, manufacturing, real estate and the public sector.
CSC, based in Tysons, says the acquisition brings:
-Insurance software Xuber
-Domain expertise and leadership in London’s insurance market
-Leading position providing property and wealth management business processing services
“We are delighted to have the Xchanging team join CSC to create a dynamic technology leader,” Mike Lawrie, CSC’s chairman, president and CEO., said in a statement. “The addition of Xchanging is another step toward our goal of becoming a leader in the key geographies and markets we serve. Xchanging’s people and offerings portfolio are a complement to CSC’s existing business, which will allow us to demonstrate our commitment to areas such as the London market and the commercial insurance industry.”