Processing timeline
14
days
Acquirer(s)
Cognizant Domestic Holdings Corporation Delaware file number 5221744, Asteroid Merger Sub, Inc. Delaware file number 10587708
Target(s) or Vendor(s)
Astreya Partners, Inc. CIN 770570107
Other parties
Shareholder Representative Services LLC (as the stockholder representative) 20071132387, Astreya Pty Ltd, Cognizant Technology Solutions
Cognizant Technology Solutions, through its subsidiary, is acquiring Astreya Partners, Inc. via a merger. This transaction includes Astreya's Australian subsidiary, Astreya Pty Ltd. Both companies operate in the IT managed services sector, with Astreya specialising in digital workplace and infrastructure support.
Pursuant to an Agreement and Plan of Merger, Asteroid Merger Sub, Inc. ( Merger Sub ), an indirect wholly owned subsidiary of Cognizant Domestic Holdings Corporation ( Cognizant DHC ) proposes to merge with and into Astreya Partners, Inc. ( Astreya ). Astreya will continue as the surviving corporation and become an indirect wholly owned subsidiary of Cognizant Technology Solutions ( Cognizant ), the parent company of Cognizant DHC (the Acquisition ). Cognizant operates in Australia through a number of wholly owned indirect subsidiaries (together, Cognizant Australia ). As part of the Acquisition, Cognizant will also acquire Astreya's Australian subsidiary, Astreya Pty Ltd ( Astreya Australia ). Cognizant and Astreya supply IT managed services. Cognizant provides IT services including, among other things, consulting, software engineering, cloud services data and AI, cybersecurity, business process outsourcing, and industry-specific solutions. Astreya is a digital and IT infrastructure managed service provider that is focussed primarily on digital workplace and end-user computing support, as well as delivering cloud and infrastructure managed services. Astreya has limited personnel in Australia that provide IT managed infrastructure services to a small number of multinational clients under global service arrangements.