CLPS Incorporation Acquires College of Allied Educators in Singapore, Bolstering TCP and TDP Strategy

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

source: CLPS