DXC in advanced talks to sell insurance software unit for $2.4 billion, sources say

✦ Meridian Analysis

DXC Technology is in advanced talks to sell its insurance software and services division to private investment firm Eldridge Industries for about $2.4 billion, according to Reuters. The deal would combine the business with Zinnia, Eldridge's insurance technology platform that provides software and digital infrastructure to life insurance and annuity providers. No buyer beyond Eldridge has been identified, and the parties have not disclosed advisers, financing terms or any regulatory clearances required for the transaction. Deal professionals will be watching for the final purchase price, any earn‑out or contingent consideration, and the composition of the financing package, none of which have been disclosed. Information on the advisers representing each side, the timeline for regulatory approvals and the integration plan for Zinnia and DXC’s assets will also be critical to assess the feasibility and timing of the transaction.

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