Comments
Techwave Consulting Inc, the US-based firm set up by NRI promoters, has acquired two firms — Tech Advaita and a Hungary-based SAP services firm, for a consideration of $6 million. The two firms will bring in additional human resources of 140, with 35 of them working in India and the rest in the European Union.
The firm, which is into big data, ERP, remote infrastructure management and digital services, is planning to hire 600 more employees to take the total to 1,500.
Techwave CEO Damodar Rao Gummadapu told BusinessLine that the additional capabilities and human resources would help the firm double its turnover to $100 million this year from the current turnover of $50 million.
“We have chalked out our roadmap for significant growth through expansion of our global client base and strategic acquisitions to achieve a revenue target of $100m by the end of this financial year,” he said.
The firm would invest on ISMAC (Internet of Things, Social Media, Mobile, Analytics and Cloud) and digital solutions, he added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.