Cognizant to buy Astreya for about $600 million

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.