HONG KONG, July 14, 2021 /PRNewswire/ -- CLPS Incorporation
(Nasdaq: CLPS) ("CLPS" or "the Company"), today announced that,
through its wholly-owned subsidiary in early this month, it has
signed a definitive agreement with Beijing UniDev Software Co.,
Ltd. ("UniDev"), a Beijing-based
IT services and solutions provider. Upon closing of the
transaction, CLPS, through its wholly owned subsidiary, ChinaLink
Professional Services Co. Ltd., will hold 15% ownership stake in
UniDev.
UniDev is focused on providing customized digital transformation
solutions to companies and banks in Mainland China. It leverages
its extensive experience to develop applications including
intelligent emergency response system, safety production monitoring
system, and intelligent finance solutions, among others. UniDev
also explores the utilization and integration of artificial
intelligence and big data applications into its solutions.
Mr. Yan Wang, General Manager of
UniDev, said, "Our partnership with CLPS will allow us to create a
firm foundation to venture into more competitive IT solutions. In
addition, we are looking forward to our joint efforts in the
research and development of new technology-based products. We
believe that this strategy will enable us to achieve business
growth both in the domestic and international markets."
Mr. Raymond Lin, Chief Executive
Officer of CLPS, said, "UniDev is in the height of a rapid business
development. It maintains highly qualified team of IT professionals
and it successfully delivers IT solution services to its client
base in the market vertical. With the competitive advantages of
both parties, we expect that this strategic investment will drive
the revenue and margin of our customized IT solution services in an
upward trend. In addition, it will further expand our market share
in China and likewise gain a
strong foothold for our overseas expansion."
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
focusing on the banking, insurance, and financial service sectors.
The Company serves as an IT solutions provider to a growing network
of clients in the global financial service industry, including
large financial institutions in the
US, Europe, Australia, Southeast Asia and Hong
Kong SAR, and their PRC-based IT centers. The Company maintains 19
delivery and/or research & development centers to serve
different customers in various geographic locations.
Mainland China centers are located
in Shanghai, Beijing, Dalian, Tianjin,
Baoding, Xi'an,
Chengdu, Guangzhou, Shenzhen, Hangzhou,
and Hainan. The remaining eight global centers are located in
Hong Kong SAR, USA,
UK, Japan, Singapore, Malaysia, Australia,
and India. For further information regarding the Company,
please visit: https://ir.clpsglobal.com/, or follow
CLPS on Facebook, LinkedIn,
and Twitter.
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