Speaking on ITC Infotech's recent acquisition of a part of PTC's product lifecycle management (PLM) implementation services, Sudip Singh, Managing Director & Chief Executive Officer, ITC Infotech, said, "This is not only a very strong technical team that we are acquiring but also the management team, which is very important because they were running the implementation for clients and had deep client relationships built over decades." The company is eyeing revenues of $500 million over the next five years from DxP Services, the new business unit being created, with a boost from deeper access to markets and a range of clients

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