Cognizant Agrees to Acquire Astreya for $600 Million
Cognizant Technology has agreed to acquire Astreya, an IT services provider specializing in AI infrastructure and data centers, for approximately $600 million. The acquisition aims to enhance Cognizant's AI capabilities and is expected to close in Q2 2026. Cognizant has faced market value declines this year due to weak IT demand and AI-driven deflation concerns.
Topics: AI Infrastructure Astreya Cognizant IT Services Mergers and Acquisitions