US headquartered Techwave Consulting Inc. is opening its second office in Hyderabad, a key component of the firm’s global expansion plans that also involves a multi-fold increase in the headcount in the city.

“We have 300 people at our existing global delivery centre in Banjara Hills, Hyderabad. Around 500 are to be added at the new facility [in Madhapur],” CEO Damodar Rao Gummadapu told The Hindu over phone on Thursday.

Global system integrator Techwave Consulting, specialising in ERP, Business Analytics, including Big Data, Cloud and mobility space, is acquiring a Hyderabad-based IT firm that has operations in Europe. The acquisition, expected to be closed by August-end, would bring on board 170 staffers from that firm. “Our goal is to increase the employee base in Hyderabad to 1,000 and globally 1,500 in December 2016,” he said, adding that the company is also looking at two more acquisitions. While one of the firms is in the US, the other is in Bengaluru. With the process in a nascent stage, he did not wish to elaborate on any details.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Special Correspondent / Hyderabad – July 31st, 2015