Cognizant to Acquire Astreya for $600 Million

Cognizant Technology Solutions announced on Wednesday that it has agreed to acquire Astreya, a San Jose-based IT services provider specializing in data center management and AI infrastructure, for approximately $600 million. The deal, expected to close in the second quarter of 2026 pending regulatory approvals, aims to enhance Cognizant's capabilities in operating large-scale AI environments.

Astreya, founded in 2001, employs more than 2,200 professionals across 33 countries and manages infrastructure for several major technology companies, including six of the so-called Magnificent Seven firms. The company offers services in network operations, cloud migration, IT asset management and AI-driven automation tools, with annual revenue estimated at around $560 million. Cognizant, a New Jersey-based firm with over 350,000 employees worldwide, described the purchase as complementary to its existing AI offerings.

"By acquiring Astreya and its proprietary AI tooling and production-grade infrastructure platform, which is complementary to Cognizant's AI builder stack, we will be even better-positioned to help clients architect their platform-led AI systems and operationalize them at...