IUX24
TopMarketWorldEconomyFinanceTechnologyBusinessPoliticsAnalysis & Opinion

DXC Nears 2.4 Billion Insurance Unit Sale

DXC Technology is in advanced talks to sell its insurance software division to Eldridge Industries for about 2.4 billion dollars. The potential deal aims to combine the unit with Eldridge platform Zinnia to streamline operations.

Xurve View
Insights:

DXC Technology Co is in advanced talks to sell its insurance software division to Eldridge Industries for $2.4B, people familiar with the matter said during late evening hours. The potential divestiture follows several years of declining revenue for the IT services provider. The sale would allow the United States-based company to exit the insurance software market and streamline its operations.

Combining Platforms to Scale
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.