CLPS Acquires Shell Infotech, Expanding CLPS's Client Base And Market Share In Southeast Asia While Strengthening Its Core IT Competencies And Service Offerings, Solidifying Its Commitment To Global Expansion; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
CLPS Incorporation (NASDAQ:CLPS) has acquired Shell Infotech, expanding its client base and market share in Southeast Asia, and strengthening its IT competencies and service offerings. This move solidifies CLPS's commitment to global expansion.
June 13, 2024 | 12:34 pm
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CLPS Incorporation has acquired Shell Infotech, which will expand its client base and market share in Southeast Asia, and strengthen its IT competencies and service offerings. This acquisition aligns with CLPS's strategy for global expansion.
The acquisition of Shell Infotech by CLPS is likely to have a positive short-term impact on CLPS's stock price. The expansion of its client base and market share in Southeast Asia, along with strengthened IT competencies, aligns with its global expansion strategy, which is generally viewed favorably by investors.
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