Cognizant acquires Astreya for $600 million to strengthen AI infrastructure capabilities
Cognizant Technology has agreed to acquire Astreya, an IT managed services firm specializing in AI infrastructure and data center services, for approximately $600 million. The deal, expected to close in Q2 2026, marks Cognizant's fourth major acquisition in 18 months as CEO Ravi Kumar S pursues an aggressive AI builder strategy to help enterprise clients architect and operationalize AI systems at scale.