Techwave reaches a key milestone – Techwave Acquired InfotechIT
We are delighted to announce that we have signed an Agreement with Cyient Limited, to acquire their 100% subsidiary Infotech IT Enterprises Services Pvt. Ltd. (IEITS), based in Hyderabad.
IEITS demonstrates a strong focus and commitment to industry solutions. The organization comprises talents with domain experience in Multi-channel Retailing, Retail Information Systems, Supply Chain Management, Merchandising Systems, Customer Relationship Management, Data Warehousing, Forex and Payment solutions. IEITS has established partnerships with leading software providers like SAP, 1WorldSync, Oracle, Microsoft and IBM. The company is certified to ISO 9001: 2000 standards and is appraised for CMMI. Many of the support services provided to various clients are ITIL compliant. IEITS operates in Europe and APAC regions.
Objectives of this acquisition
- To further our ability to serve our global customers across all regions
- Widen our customer base, particularly in the European and Indian market that greatly enhances and strengthens our business network
- Strengthen our position as Global Business Partner
- We add 130 Associates with this acquisition
This acquisition is key step for Techwave as a global player. With IEITS, we reinforce our IT services capabilities, boost our positions in key regions and industries and strengthen our services offering portfolio. Together, we generate major opportunities for our customers, for our partners and most importantly our Associates to excel in global market place.