Latham & Watkins Advises Astreya on Acquisition by Cognizant

Cognizant (Nasdaq: CTSH) has announced that it has entered into a definitive agreement to acquire Astreya, a leading platform-led, global AI-first IT managed services and solutions provider headquartered in San Jose, California, for an undisclosed sum. The transaction is expected to advance Cognizant's transformation as an AI builder and to meaningfully expand Cognizant's AI infrastructure foundation capabilities by harnessing Astreya's extensive managed services capabilities for enterprise clients at scale.

Latham & Watkins LLP advised the client in the transaction with a corporate team led by Bay Area partner Jim Morrone, with associates Omar Ammash, Robert Cunningham, Catherine Lynch, Ebenezer Abaidoo, Tanner Jarrell, and Natalie Merten. Advice was also provided on tax matters by Houston partner Jared Grimley, with associate Christopher Garza; on executive compensation and benefits matters by Bay Area partner Jay Metz; on labor matters by Los Angeles partner Joseph Farrell; on antitrust matters by Washington, D.C. partners Jason Cruise and Peter Todaro, and Brussels partner Tomas Nilsson, with associate Alexandra Clark, and with assistance from Jackson Guilford; on intellectual property matters by associates Andrew Abokhair and Andrea Lee; on representation and warranty insurance matters by Los Angeles partner Drew Levin; on finance matters by Bay Area partner Dan Van Fleet, with associate Jessica Lietz; and on data privacy and cybersecurity matters by Houston/Austin partner Robert Brown and Washington, D.C. partner Clayton Northouse, with associate Sarah Zahedi.