HONG KONG, Jan. 9, 2024 /PRNewswire/ -- CLPS
Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today
announced that, through its wholly-owned subsidiary CLPS Technology
(Singapore) Pte. Ltd., it has
acquired 100% of the equity of College of Allied Educators Pte.
Ltd. ("CAE"), a Singapore-based
learning institution. This significant milestone marks a new phase
in CLPS's Talent Creation Program ("TCP") and Talent Development
Program ("TDP") strategy.
Established in 2004 and strategically located in the heart of
Singapore's Central Business
District, CAE has earned an outstanding reputation with its
registration in the Committee for Private Education ("CPE") and
certifications from professional organizations such as EduTrust,
the Singapore Association for Counselling, and the International
Registry of Counsellor Education Programs, among others.
CLPS, dedicated to the concept of "creating talents" since its
inception, has been particularly focused on discovering and
nurturing of IT talents. In 2018, it established CLPS Academy,
fostering the deep integration of education and the corporate world
through collaborations with universities worldwide. CLPS Academy's
core mission is to cultivate highly skilled IT professionals
equipped with hands-on experience, innovative thinking, and
teamwork skills.
This strategic acquisition presents a win-win scenario for both
entities. CLPS will leverage its extensive background in education
and training to provide comprehensive resource support to CAE,
encompassing faculty input, IT-related course offerings, and
internship opportunities, among other initiatives. This
collaborative effort aims to develop skilled bilingual talents,
directly contributing to CLPS's business expansion goals.
Mr. Raymond Lin, Chief Executive
Officer of CLPS, said: "The acquisition of CAE marks a major leap
in CLPS's mission to empower the future workforce. By merging CAE's
established platform with our decade-long academic expertise, in
collaboration with our educational institution partners, we will
create a diverse educational landscape for students.
Simultaneously, we will enhance CAE's curriculum by offering
IT-related programs, providing internship and job opportunities for
the graduates, as well as creating a training ground for the
professional advancement of our employees. We believe that the
acquisition will enable us to efficiently implement TCP and TDP
strategies, resulting in CAE students gaining tailored career
pathways, allowing our company to foster a highly skilled talent
pool, and ultimately, leading to our clients receiving even
higher-quality deliverables that can generate long-term benefits
and value for CLPS."
About CLPS Incorporation
Headquartered in Hong Kong,
CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global
leading information technology ("IT") consulting and solutions
service provider focused on delivering services primarily to global
institutions on the banking, wealth management, e-commerce, and
automotive sectors. The Company serves as an IT service provider to
a growing network of clients in the global financial service
industry, including large financial institutions in the U.S.,
Europe, Australia, Asia, and their PRC-based IT centers. The
Company maintains 20 delivery and/or research & development
centers to serve different customers in various geographic
locations. Mainland China centers
are located in Shanghai,
Beijing, Dalian, Tianjin, Xi'an, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Hainan. The remaining 10 global centers are
located in Hong Kong SAR, USA,
Japan, Singapore, Australia, Malaysia, India, Philippines, Vietnam, and Canada. For further information regarding the
Company, please
visit: https://ir.clpsglobal.com/, or follow CLPS
on Facebook, Instagram, LinkedIn,
X (formerly Twitter), and YouTube.
Forward-Looking Statements
Certain of the statements made in this press release are
"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include statements with respect to the
Company's beliefs, plans, objectives, goals, expectations,
anticipations, assumptions, estimates, intentions, and future
performance. Known and unknown risks, uncertainties and other
factors, which may be beyond the Company's control, may cause the
actual results and performance of the Company to be materially
different from such forward-looking statements. All such statements
attributable to us are expressly qualified in their entirety by
this cautionary notice, including, without limitation, those risks
and uncertainties related to the Company's expectations of the
Company's future growth, performance and results of operations, the
Company's ability to capitalize on various commercial, M&A,
technology and other related opportunities and initiatives, as well
as the risks and uncertainties described in the Company's most
recently filed SEC reports and filings. Such reports are available
upon request from the Company, or from the Securities and Exchange
Commission, including through the SEC's Internet website at
http://www.sec.gov. We have no obligation and do not undertake to
update, revise or correct any of the forward-looking statements
after the date hereof, or after the respective dates on which any
such statements otherwise are made.
Contact:
CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com
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SOURCE CLPS