HONG
KONG, Aug. 12, 2022 /PRNewswire/ -- CLPS
Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today
announced the appointment of Mr. Srustijeet Mishra as the CEO of
CLPS Technology (California) Inc.
("CLPS California"), a wholly-owned subsidiary of the Company. He
will be fully responsible for the development and management of
business activities in the U.S. market, and will continue to serve
as the CEO of the Company's business entities in the Southeast Asia region (referred to
collectively as "CLPS SEA").
Mr. Mishra was the founder of Ridik, a Singapore-based IT services provider. He
officially joined the Company upon initial acquisition of 80% of
Ridik's equity stake in September
2019. Its increased financial returns and growing potential
for business development led the Company to acquire the remaining
20% equity stake in Ridik, and at the same time, appointed him as
the CEO of CLPS SEA in December 2020.
Following the Company's global expansion strategy, he was appointed
as the director and president of CLPS Philippines when it was
established in September 2021.
Mr. Mishra has more than 20 years of experience in the IT
industry with expertise in providing professional IT services to
financial and IT institutions across Southeast Asia and Europe. He holds an MBA degree from IILM
Institute for Higher Education in New
Delhi, India and a master's degree in Physics from Andhra
University in Visakhapatnam, India.
Mr. Raymond Lin, Chief Executive Officer of CLPS, said,
"Mr. Mishra is a seasoned and accomplished industry veteran who is
well suited to lead our U.S. business to new heights. With his
extensive industry experience and management skills, we are
optimistic that our overseas business will achieve greater success
under his leadership."
Established in January 2020, CLPS
California has been providing IT services to some of the Fortune
100 companies in industries such as e-commerce, fintech, IT
consulting, and IT services. Its team size has grown by 85%, and it
has begun to generate revenue since fiscal year 2021. At present,
the Company has set up delivery teams in India and Singapore, mainly focusing on providing IT
consulting services to clients in North
America. Further, it plans to utilize various engagement
models with its existing and new clients in the U.S., including
fixed-price model, turn-key financial solution, client specific
Center of Excellence (CoE), offshore development center (ODC),
service-level agreement (SLA), hybrid (onshore-offshore) model,
build-operate-transfer (BOT) model, and managed services, among
others.
"The last few years have been challenging for companies around
the world. The recurrent COVID-19 outbreaks have forced many
business organizations to halt strategic initiatives and goals in
favor of maintaining operations. For companies and entrepreneurs,
restarting businesses and adopting the concept of the 'new normal'
have opened up new perspective and ideas. It is a great opportunity
for us as many companies start to develop long-term strategies for
digital transformation, adopt emerging technologies, or move to new
business model," said Mr. Mishra. "We are currently delivering most
of the offshore projects for our U.S. clients from China. In addition, as we reposition CLPS as a
global brand, we plan to extend our overseas operations from
Asia to North America, further expanding our delivery
network and delivery model. As a result, it will create a unique
advantage for us in the U.S. market."
He added, "With our extensive industry experience and long term
working relationships with most of the big foreign banks and
insurance companies in China and
Singapore, we are confident of
building a strong client base in the U.S. Geographically, we have
grown across the SEA region with subsidiaries in Singapore, Malaysia and the
Philippines, as well as in India with an ODC. By offering a variety of
delivery approaches combined with the convenience of IT talent
policy in these countries, we are not only able to give our clients
across the globe with high standards of services, but also provide
flexibility to meet their specific needs. For instance,
Singapore is a preferred location
for fintech projects, whereas semiconductor industry prefers
India for embedded software
projects. Therefore, having strategic locations allows us to
maintain a favorable and long-term relationship with our clients.
In addition, we have increased our investment in a range of
products, including a new generation of loan system, CAKU credit
card system and digital asset solutions for financial institutions,
which will open up new opportunities and will enable us to quickly
enter the North American market. Accordingly, we anticipate that
our business in North America is
poised to enter the next phase of growth."
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,
Japan, Singapore, Malaysia, Australia, India, and the
Philippines. For further information regarding the Company,
please visit: https://ir.clpsglobal.com/, or follow
CLPS on Facebook,
Instagram, 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
View original
content:https://www.prnewswire.com/news-releases/clps-incorporation-appoints-srustijeet-mishra-as-ceo-of-clps-california-to-further-drive-us-business-in-the-next-stage-of-growth-301604932.html
SOURCE CLPS