HONG KONG, Sep. 3, 2021 /PRNewswire/ -- CLPS Incorporation
(Nasdaq: CLPS) ("CLPS" or "the Company"), today announced that it
established CLPS Technology (Philippines) Corp. ("CLPS Philippines") in
Metro Manila. The formation of the Philippine subsidiary is in line
with the Company's global expansion strategy, particularly to
extend its operation in Southeast
Asia. CLPS Philippines has completed the initial phase of
its business and started to be operational.
In recent years, CLPS has been proactively advancing its
presence in Southeast Asia due to
the continuous demand for financial IT services in the region. One
such move is the completion of Ridik acquisition that led to
designating Singapore as
Southeast Asia headquarters of
CLPS. Therefore, the Company established CLPS Philippines to
support its clients' respective international business, and
eventually a means to penetrate the domestic financial IT services
market in the country. As a result of this strategy, it will enable
CLPS to maintain a strong foothold in the region.
CLPS appointed Mr. Srustijeet Mishra, head of CLPS Southeast
Asia region, as the director and president of CLPS Philippines.
"The establishment of the Philippine subsidiary is another solid
evidence of the successful implementation of our global expansion
strategy. In addition, it will provide a more efficient service
delivery to our international clients' businesses in the country.
Our competitive advantage as a provider of industry-leading IT
consulting and solution services in Asia
Pacific region positions us to better serve our clients in
banking and other financial institutions," Mr. Mishra said. "As we
look ahead, we will institute plans to drive our overseas presence,
such as exploring business potentials in other parts of
Southeast Asia to further push our
overseas revenue in an upward trend," he ended.
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, 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