SHANGHAI, May 15, 2019 /PRNewswire/ -- CLPS Incorporation
(Nasdaq: CLPS) ("CLPS" or "the Company"), a leading information
technology consulting and solutions service provider focusing on
the banking, insurance, and financial sectors in China and globally, today announced a
strategic investment in Economic Modeling Information Technology
Co., Ltd. ("EMIT"), a financial big data company. Upon closing of
the transaction, CLPS will hold a 30% ownership stake in EMIT.
Established in 2017, EMIT was founded by a team of PhD
faculty members from Shanghai
University of Finance and Economics ("SHUFE") in cooperation with
SHUFE's Fintech Research Institute. EMIT provides financial
modeling and analysis services to financial services companies and
delivers a full range of value-added data mining and data analytics
IT solutions to its clients that include intelligent investment
systems, risk warning systems, and credit card decision engine core
systems. EMIT's "financial data modeling platform + financial risk
warning platform" business model provides its customers with
comprehensive financial data services, such as financial data
strategic planning, service mode design, and risk control.
Mr. Raymond Lin, Co-Founder and
Chief Executive Officer of CLPS, commented, "Big data has become an
important area of technological advancement in the financial
industry. Our strategic investment in EMIT allows us to expand upon
our expertise in providing the financial industry with applications
of industry-leading technologies. EMIT's expertise in data
modeling, deep learning and machine learning, and blockchain
technology will benefit CLPS's future development by further
expanding our client network. In addition, by offering applications
of data mining, we will be able to extend our competitive edge in
the banking, insurance and financial sectors."
About CLPS Incorporation
Headquartered in Shanghai,
China, 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 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
ten 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 three global centers
are located in Hong Kong,
Singapore and Australia. For further information regarding
the Company, please visit: http://ir.clpsglobal.com/.
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, and involve known and unknown risks, uncertainties and
other factors, which may be beyond the Company's control, and which
may cause the actual results, performance, capital, ownership or
achievements of the Company to be materially different from future
results, performance or achievements expressed or implied by 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 performance, its ability to capitalize on the
investment subject hereof, 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
Email: ir@clpsglobal.com
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SOURCE CLPS