COGNIZANT TO BUY ASTREYA FOR $600M

Astreya provides software and services for managing data center infrastructure, AI lab environments, and enterprise networks. The acquisition expands Cognizant's capabilities in AI infrastructure—a growing market as enterprises scale their AI deployments. Cognizant, a major IT consulting and services firm, has been investing in AI-related offerings as demand accelerates across industries. The Astreya purchase adds specialized expertise in managing the complex infrastructure requirements of AI workloads and modern data centers. The deal's Q2 2024 timeline suggests closing within the next few months, pending standard regulatory approvals. Financial terms indicate Cognizant values Astreya's market position and technical capabilities in infrastructure automation and management, areas critical as companies modernize their IT operations for AI applications.