CLPS Incorporation Announces Establishment of Indonesia Subsidiary to Accelerate Regional Growth in Southeast Asia
HONG KONG, March 25, 2025 /PRNewswire/ — CLPS Incorporation (the “Company” or “CLPS”) (Nasdaq: CLPS), today announced the establishment of its wholly-owned subsidiary, PT Ridik Fintech Services (“Ridik Indonesia”) in Jakarta, Indonesia. This strategic move accelerates CLPS’s regional footprint in Southeast Asia (SEA), reinforcing tailored IT solutions to local enterprises while advancing smart ecosystem development for Indonesia’s domestic market.
In a report by the U.S. International Trade Administration1, Indonesia’s digital economy is among the fastest growing in SEA, projected to exceed $130 billion by 2025, based on a joint analysis from leading industry experts. As the region’s largest economy, Indonesia represents a critical growth market for CLPS. The localization team will align closely with market needs, leverage domestic industry insights, and build a collaborative network that bridges global technological expertise with Indonesia’s evolving business landscape.
Mr. Srustijeet Mishra, Chief Executive Officer of CLPS SEA & USA, stated, “We will capitalize on our existing global client relationships and our expertise in artificial intelligence, robotic process automation, big data, and cloud computing to accelerate the growth and penetration of the Indonesian market. The establishment of Ridik Indonesia further enhances CLPS’s influence and competitiveness in the SEA region.”
Mr. Raymond Lin, Chief Executive Officer of CLPS, said, “Southeast Asia remains a key growth driver for CLPS, with a 101.7% year-over-year revenue increase in the region during the first half of fiscal 2025. Ridik Indonesia is not only an expansion of our business operations but also a demonstration of our commitment to localizing our international operations. We are dedicated to empowering Indonesia’s digital transformation journey by investing in domestic talent, fostering cultural alignment, and collaborating with in-country partners.
About CLPS Incorporation
CLPS Incorporation (NASDAQ: CLPS), established in 2005 and headquartered in Hong Kong, is at the forefront of driving digital transformation and optimizing operational efficiency across industries through innovations in artificial intelligence, cloud computing, and big data. Our diverse business lines span sectors including fintech, payment and credit services, e-commerce, education and study abroad programs, and global tourism integrated with transportation services. Operating across 10 countries worldwide, with strategic regional hubs in Shanghai (mainland China), Singapore (Southeast Asia), and California (North America), and supported by subsidiaries in Japan and the UAE, we provide a robust global service network that empowers legacy industries evolve into data-driven, intelligent ecosystems. 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
