Cognizant Technology Solutions Corporation
Acquisitions
6
Major Deals Covered
$4.6B
Disclosed Deal Value
Cognizant's largest disclosed acquisition here is TriZetto for $2.7B in 2014. This page covers 6 major deals from 2014 to 2026, each with its price where disclosed and the reason behind it.
| Company | Year | Price | Purpose |
|---|---|---|---|
| TriZetto | 2014 | $2.7B | Added healthcare administration software and services for U.S. health plans. |
| Softvision | 2018 | Undisclosed | Expanded digital product engineering, design, and agile delivery capabilities. |
| Thirdera | 2024 | Undisclosed | Added ServiceNow consulting, implementation, and managed services. |
| Belcan | 2024 | $1.3B | Added engineering R&D services for aerospace, defense, space, marine, and industrial clients. |
| 3Cloud | 2026 | Undisclosed | Added one of the largest independent Microsoft Azure services providers, bought from Gryphon Investors. |
| Astreya | 2026 | $634.0M | Added AI-first IT managed services that support large technology companies, including hyperscalers. |
2026
Added one of the largest independent Microsoft Azure services providers, bought from Gryphon Investors.
Deepened Cognizant's Azure, data, and AI consulting capacity.
Closed effective January 1, 2026; terms were not disclosed.
2026
$634M
Added AI-first IT managed services that support large technology companies, including hyperscalers.
Strengthened Cognizant's AI infrastructure and managed services capabilities.
Closed effective June 22, 2026, for $634 million including contingent consideration, net of cash acquired.
2024
Added ServiceNow consulting, implementation, and managed services.
Expanded Cognizant's enterprise workflow automation practice.
Part of Cognizant's ServiceNow business.
2024
$1.3B
Added engineering R&D services for aerospace, defense, space, marine, and industrial clients.
Broadened Cognizant beyond IT into product and engineering services.
Contributed to 2025 revenue growth of about 7%.
2018
Expanded digital product engineering, design, and agile delivery capabilities.
Strengthened Cognizant's digital engineering offering with teams in the Americas and Eastern Europe.
Integrated into Cognizant's software and product engineering practice.
2014
$2.7B
Added healthcare administration software and services for U.S. health plans.
Gave Cognizant platform assets (Facets, QNXT) that anchor its Health Sciences segment.
Still Cognizant's largest and most strategic acquisition.
Under CEO Ravi Kumar S, Cognizant's growth plan has four parts: win more large deals (seven deals of $100 million or more were signed in Q2 2026 alone), use AI to modernize clients' legacy applications, data, and infrastructure, deepen hyperscaler partnerships with Microsoft, Google Cloud, and AWS, and buy specialists. Recent acquisitions include Thirdera (ServiceNow, 2024), Belcan (engineering R&D, 2024, about $1.3 billion), 3Cloud (Microsoft Azure, January 2026), and Astreya (AI-first IT managed services, June 2026, $634 million).
Cognizant is a B2B services business organized into four industry segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology. In 2025 Health Sciences ($6.35B) and Financial Services ($6.17B) were the two largest; by Q2 2026 Financial Services had become the largest at 31.6% of revenue after growing 12% year over year. Revenue comes from three main contract types: time-and-materials engagements billed by the hour or day, fixed-price projects, and multi-year managed-services and outsourcing deals where Cognizant runs applications, infrastructure, or business processes for a client. A smaller but strategically important slice comes from software, chiefly the TriZetto Facets and QNXT platforms used by U.S. health plans for claims and benefits administration, sold through licenses, hosting, and support. The model depends on global delivery: client-facing teams sit near customers in the U.S. and Europe while most engineers work from lower-cost centers in India.
In September 2014, Cognizant acquired healthcare IT software and services leader TriZetto Corporation for $2.7 billion in cash, the largest acquisition in Cognizant's history, securing market dominance across US healthcare insurance and claims administration.
In June 2024, Cognizant entered into an agreement to acquire Cincinnati-based engineering R&D services firm Belcan for approximately $1.3 billion in cash and stock, significantly expanding Cognizant's capabilities in aerospace, defense, space, and industrial digital engineering.
In 2018 Cognizant acquired digital product engineering firm Softvision, adding agile engineering teams in the Americas and Eastern Europe.
Cognizant acquired premier cloud migration and consulting specialists, including New Signature (Microsoft cloud specialist in 2020), 10th Magnitude (Azure specialist in 2020), Collaborative Solutions (Workday consulting in 2020), and Servian (enterprise data and cloud consultancy in Australia in 2021).
In January 2024, Cognizant completed the acquisition of Thirdera, a top global ServiceNow implementation partner, creating one of the world's largest dedicated ServiceNow digital workflow practices.
Cognizant finances acquisitions primarily through available balance sheet cash flow and credit facilities, targeting acquisitions that add proprietary software IP, expand geographic presence in Europe, or enhance cloud, AI, and cybersecurity practices.
Under Ravi Kumar S, Cognizant buys specialists that add engineering, platform, and AI infrastructure capacity: Thirdera and Belcan in 2024, then 3Cloud and Astreya in 2026. It spent $1.3 billion on acquisitions in the first half of 2026.
Cognizant closed the acquisition of Microsoft Azure specialist 3Cloud on January 1, 2026, and AI-first IT managed services firm Astreya on June 22, 2026, for $634 million.
In a massive, company-altering move in 2014, Cognizant acquired TriZetto (a healthcare software provider) for $2.7 billion, instantly giving them an absolute monopoly over the software that processes US health insurance claims.
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