Cognizant to buy AI infra specialist Astreya in ~$600M deal

Cognizant has entered into a definitive agreement to acquire Astreya, a San Jose-based IT managed services provider focused on AI infrastructure and data center operations. The transaction is valued at approximately $600 million, according to multiple reports citing the company’s confirmation to Reuters, although Cognizant’s official announcement lists the amount as undisclosed. The deal is expected to close in the second quarter of 2026, subject to regulatory approvals and customary closing conditions.

Astreya provides platform-led, AI-first managed services and solutions, including management of data center infrastructure, AI lab environments, and enterprise networks for large technology companies. The acquisition is designed to deepen Cognizant’s AI infrastructure and managed services capabilities at scale, complementing its existing AI builder technology stack and expanding its ability to support enterprise AI workloads. Commentators note that the roughly $600 million price tag represents a strategic bet by Cognizant on the growing AI data center and infrastructure opportunity, and follows a string of prior acquisitions aimed at strengthening its position in AI and cloud services.

While the indicative deal value of about $600 million has been widely reported by news and industry sources, Cognizant and Astreya have not publicly disclosed detailed financial terms such as exact purchase price structure, consideration mix, or any earn-out components. Available information focuses on strategic rationale rather than deal mechanics, and no valuation multiple or formal enterprise value figure has been confirmed in official filings or press releases.