Resources Connection Closes Transaction To Acquire 100% Of Equity Of Singapore-Based CloudGo Pte Ltd.
Portfolio Pulse from Benzinga Newsdesk
Resources Connection, Inc. has completed the acquisition of CloudGo Pte Ltd., a Singapore-based company with ServiceNow Elite Partner status and operations in Singapore, Australia, and India. CloudGo, founded in 2016, has nearly 80 employees and is expected to achieve significant revenue growth in 2023.
November 15, 2023 | 9:17 pm
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Resources Connection, Inc. has acquired CloudGo, which is anticipated to contribute to significant revenue growth for RGP in 2023.
The acquisition of CloudGo is likely to have a positive impact on RGP's short-term stock performance due to the anticipated revenue growth and expansion of services. CloudGo's Elite Partner status with ServiceNow suggests a strong competitive position in the cloud services market, which could be seen favorably by investors.
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