The deal is part of the growth plan vision 2016 chalked out by the company, said Damodar Rao Gummadapu, CEO, Techwave.
Techwave has a vision and road map for significant growth plans by expanding its global client base and strategic acquisitions to achieve a $100 million revenue target by 2016.
Techwave has a revenue base of $50 million and plans to expand operations to Africa, Europe, Singapore, APAC region and other countries.
Our goal is to increase employee base in Hyderabad to 1,000 and globally 1,500, the release added.
Headquartered in Exton, Pennsylvania, and offices across USA, Techwave provides a full range of services to support the solution and process lifecycle from advisory services, leading ERP (SAP, Microsoft & Oracle) implementations, deployments, business/enterprise process management, business intelligence (BI) and business performance management (BPM).
It provides these services with onsite, offshore and near shore capabilities, the release added.