Techwave acquires Infotech

infotechUS based Techwave Consulting Group acquires Hyderabad-based Infotech Enterprises IT Services Private Limited(IEITS).

Techwave Cyient Limited to acquire their 100 per cent subsidiary IEITS, Damodar Rao Gummadapu, CEO, Techwave says the company to achieve a 100 million USD revenue target by next year.

Presently the company is a 50 million USD and it has fixed target of increasing employee base from 1000 to 1500 in Hyderabad alone .