By Milana Vinn and Natalia Bueno Rebolledo
April 29 (Reuters) – Cognizant Know-how has agreed to purchase Astreya, an IT providers and know-how supplier targeted on AI infrastructure and information heart providers, in a deal valued at round $600 million, the corporate instructed Reuters.
The deal is anticipated to strengthen Cognizant’s AI infrastructure capabilities, as corporations ramp up spending on the know-how that’s reshaping industries.
The deal, anticipated to shut within the second quarter of 2026 pending regulatory approvals, is more likely to be introduced on Wednesday.
Cognizant has benefited from enterprise purchasers accelerating AI integration and automation as they migrate workloads to the cloud. The corporate has expanded partnerships with Microsoft and AI startup Anthropic to remain forward of rivals in a extremely aggressive trade.
“By buying Astreya and its proprietary AI tooling and production-grade infrastructure platform, which is complementary to Cognizant’s AI builder stack, we shall be even better-positioned to assist purchasers architect their platform-led AI systems and operationalise them at scale,” Chief Government Ravi Kumar S mentioned.
The Astreya deal builds on a current run of acquisitions geared toward strengthening Cognizant’s AI enterprise. The corporate purchased tech consulting agency 3Cloud in January to increase its Microsoft Azure capabilities and bought digital engineering agency Belcan in 2024 for practically $1.3 billion.
Based in 2001, Astreya has spent practically a decade managing information heart infrastructure, AI lab environments and enterprise networks for six of the so-called Magnificent Seven tech corporations.
Cognizant, valued at $26 billion, has misplaced greater than a 3rd of its market worth this 12 months, weighed down by a weak demand outlook for IT providers and AI-driven deflation fears.
(Reporting by Milana Vinn in New York, Natalia Bueno Rebolledo in Mexico Metropolis; Writing by Chris Thomas; Modifying by Sumana Nandy)