AcquisitionsBusinessTechnology

Global IT Leader NTT DATA Acquires Londonderry’s Alchemy Technology Services

Londonderry’s Alchemy Technology Services has been acquired by global IT leader NTT DATA in a move expected to create significant job growth in Northern Ireland. The acquisition will establish Derry as a center of excellence for global insurance technology transformation projects.

Major Global Acquisition for Northern Ireland Tech Sector

Londonderry-based Alchemy Technology Services has been acquired by global IT and business services giant NTT DATA, according to reports from BBC Radio Foyle. The Japanese multinational IT service and consulting company stated that the move will see Alchemy’s team work on major transformation projects for insurers worldwide, marking a significant development for Northern Ireland’s technology sector.

PolicyTechnology

UK Faces Tech Talent Exodus as Immigration Rules Tighten

Hundreds of tech entrepreneurs and AI specialists who relocated to the UK following Russia’s invasion of Ukraine are now reconsidering their futures. Proposed immigration changes could extend the settlement waiting period from five to ten years, creating widespread uncertainty among the very talent the government seeks to attract.

Immigration Policy Shift Threatens UK’s Tech Ambitions

According to reports, the United Kingdom’s technology sector faces potential brain drain as hundreds of Russian, Ukrainian, and Belarusian tech professionals reconsider their settlement plans following proposed immigration reforms. Sources indicate that many of these workers originally chose the UK specifically for its relatively swift citizenship pathway, which currently allows qualified migrants to apply for indefinite leave to remain (ILR) after three to five years.