M&A Deal Summary

CLPS Acquires RiDik Pte.

On September 27, 2019, CLPS acquired information technology company RiDik Pte.

Acquisition Highlights
  • This is CLPS’s 2nd transaction in the Information Technology sector.
  • This is CLPS’s 2nd transaction in Singapore.

M&A Deal Summary
Date 2019-09-27
Target RiDik Pte.
Sector Information Technology
Buyer(s) CLPS
Deal Type Add-on Acquisition

Target

RiDik Pte.

Singapore
website
RiDik Pte. Ltd. provides professional IT services and solutions to various target market segments, from startups to large enterprises in Singapore and Malaysia. It serves clients across multiple industries, including telecommunications, finance, energy, and engineering. RiDik was founded in 2010 and is based in Singapore.

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Buyer(S) 1

Buyer

CLPS

Kwun Tong, China

website

Category Company
Founded 2005
Sector Information Technology
Employees3,352
Revenue 126M USD (2021)
DESCRIPTION

CLPS is a information technology ("IT"), consulting and solutions service provider focusing on the banking, insurance and financial sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial industry, including large financial institutions in the US, Europe, Australia and Hong Kong and their PRC-based IT centers. The Company maintains eleven delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Chengdu, Guangzhou and Shenzhen. The remaining four global centers are located in Hong Kong, Taiwan, Singapore and Australia. CLPS was founded in 2005 and is based in Kwun Tong, China.

DEAL STATS #
Overall 2 of 5
Sector (Information Technology) 2 of 3
Type (Add-on Acquisition) 2 of 3
Country (Singapore) 2 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-27 Infogain Pte.

Singapore, Singapore

Infogain Pte. Ltd. is a consulting and IT services company headquartered in Singapore that specializes in staff augmentation services, managed IT services, software development, and business consulting. InfoGain's 70+ full time employees service various customers with a focus on banking and financial services.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-22 Shanghai Shier Information Technology

China

Shanghai Shier Information Technology Co. Ltd. develops and offers e-commerce platform products integrated with a rebate program as its main and unique feature. Its products include the "Group Store", an online one-stop-shop platform exclusive for an enterprise's employees; and "Duoshouji", a mobile application available for all Android and iOS users.

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Mergr

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