Cognizant, a prominent multinational corporation specializing in IT services, recently acquired Astreya, a renowned global provider of IT managed services based in San Jose, California. The acquisition marks a significant expansion for Cognizant, enhancing its capabilities in managing complex technology infrastructures.
In this transaction, ThinkLaw Advocates played a pivotal role by advising Astreya on the Indian segment of the deal. The legal firm provided comprehensive support, which included the examination of definitive agreements from the perspective of Indian law and managing the legal and regulatory facets of both the closing and post-closing phases of the acquisition. The team at ThinkLaw was spearheaded by Partner Ankita Kashyap, with significant contributions from Senior Associates Siddhant Bhargava and Kaushik Krishnan, and Associate Siddhant Tewari.
For the global aspects of the acquisition, Astreya received legal counsel from the prestigious law firms Latham & Watkins and Skadden, Arps, Slate, Meagher & Flom. Meanwhile, Mayer Brown provided legal guidance to Cognizant throughout the transaction.
The acquisition is a strategic move that aligns Cognizant’s global delivery model and AI development expertise with Astreya’s specialized skills in managing intricate technological environments. Astreya is well-known for its work with some of the world’s leading technology giants, including six of the ‘Magnificent Seven’ hyperscalers, thereby making this acquisition a substantial boost to Cognizant’s service offerings.
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