Cognizant to buy AI firm Astreya for 600 million dollars
Cognizant Technology has agreed to acquire IT services provider Astreya for 600 million dollars. The deal aims to bolster its existing AI infrastructure capabilities.
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COGNIZANT TECH SOLUTIONS-A will buy IT provider Astreya for $600 million to bolster its artificial intelligence and data center infrastructure. The acquisition follows the $1.3 billion Belcan deal in 2024 as the company pivots toward high-growth AI services. Investors are tracking the integration as Cognizant shares fell 33% this year due to slowing IT spending.
