ROOM Solutions, supplier of IT solutions to the commercial insurance market, has announced that global IT solutions provider NIIT Technologies Limited has taken a majority shareholding in the company.

Both companies claim the move combines expertise and resources, delivering a new range of products and services that will enable London underwriting organisations to deal effectively with the challenges posed by increasingly demanding regulatory regimes and intensifying global competition. It will also accelerate the globalisation of the highly successful approach ROOM has developed in London and recently extended to Bermuda and the USA, claim the companies.

ROOM’s management team will remain with the company and staff numbers within the company are expected to grow.

NIIT Technologies, headquartered in India and listed on the National Stock Exchange and the Bombay Stock Exchange, is a global company with operations in 14 countries. Europe accounts for 43 percent and North America contributes 40 percent of its revenue.