Signal #88663POSITIVE

Cognizant to buy Astreya for about $600 million

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Cognizant Technology has agreed to buy Astreya, an IT services and technology ‌provider focused on AI infrastructure and data center services, in ‌a deal valued at around $600 million, the company told Reuters. The deal is expected to ​strengthen Cognizant's AI infrastructure capabilities, as companies ramp up spending on the technology that is reshaping industries. Cognizant ‌has benefited from enterprise clients ⁠accelerating AI integration and automation as they migrate workloads to the cloud.

AI Stock Newsabout 3 hours ago
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Cognizant to buy Astreya for about $600 million | Steek AI Signal | Steek