Cognizant (CTSH) agreed to acquire IT services provider Astreya for approximately $600 million. Reuters confirmed the deal is expected to close in the second quarter of 2026 pending regulatory approvals. Astreya manages AI infrastructure and data centers for several of the world's largest technology companies.
The acquisition bolsters Cognizant’s capabilities in AI-first managed services and IT modernization. CEO Ravi Kumar S stated that Astreya’s platform complements Cognizant’s existing AI builder stack. This purchase follows other recent acquisitions aimed at scaling Cognizant’s AI and digital engineering business.