As a strategic investor, the Techwave group bought the majority shares of HostLogic Ltd. Techwave Consulting Inc. and HostLogic Ltd. have been working in a strategic partnership for a considerable time, enhancing each other’s product portfolio in a variety of service areas. Thanks to the new ownership background, HostLogic will be able to offer an even wider range of national and international services to its clients in the future.
With its outstanding technological experience and expertise, the Techwave Group can contribute to the development of HostLogic’s SAP-based services and solutions, such as Business Intelligence solutions (Planning, Enterprise Performance Management, Predictive Analysis), Big Data and Internet of Things developments, Digitalization and yCommerce solutions, Test automation, Cloud infrastructure management, and Modern Application Development.
“This acquisition will strengthen our ability to cater to client needs across functions, languages and time zones with greater flexibility. HostLogic has some of the best in class SAP service offerings, and with this acquisition it can now reach out to a larger client base across the globe with access to a wider range of capabilities in Digitalization and IoT from Techwave. It is a win-win deal for both companies.” – Techwave CEO Damodar Gummadapu commented.
“It has always been HostLogic’s aim to be able to provide its services not only in the national market but internationally, as well. While on its own, the company’s scope of operation was limited; however, with this partnership, it can achieve its long-time goals. HostLogic’s international knowledge and expertise can be disseminated in the European market, and indirectly in the American and Asian markets, as well. We will also be able to import new technologies and knowledge to our national and regional clients. We are happy and eager to join the large family of Techwave, where we are welcome and our experience is acknowledged." – HostLogic board member Zoltan Gorbics said.
With the same Hungarian governance, management and operation in HostLogic Ltd., it is still the primary goal and mission of our company to provide high level services to our present and future clients in Hungary and the region.
The first company of the Techwave Group was founded in 2004. Since then, the group, which is headquartered in Exton, PA, United States, has become a global provider of comprehensive IT services and end-to-end solutions. At present, it has delivery capabilities in a number of countries in North America, Europe, Asia, the Middle East and Africa.
For more information visit: www.techwave.net
4th October 2016