Cognizant Technology Solutions Corp.(CTSH), on Wednesday, announced that it has entered into a definitive agreement to acquire Astreya for an undisclosed sum.
The transaction is expected to close in the second quarter of 2026.
The company said the acquisition is expected to strengthen its AI infrastructure capabilities and support its transformation into an AI-focused technology services provider.
Astreya is a provider of AI-led IT managed services and data center solutions, will enhance Cognizant's capabilities in managing AI infrastructure and delivering enterprise-scale services.
The company added that the deal will expand its AI technology stack, improve service delivery, and deepen relationships with major cloud and hyperscaler clients, while supporting customers in deploying AI systems at scale.
In the pre-market trading, Cognizant is 0.94% higher at $55.64 on the Nasdaq.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.