CLPS subsidiary establishes Ridik Technology in Dubai

CLPS Incorporation announced that, through its wholly-owned subsidiary, CLPS Investment Management, it established Ridik Technology, in Dubai, United Arab Emirates, on July 31. This strategic move aims to deepen the Company’s global expansion strategy and tap into the thriving Middle East market by providing advanced IT services and solutions to local and international business. The Middle East region is undergoing rapid digital transformation, driving substantial growth in IT spending. According to Gartner, IT spending in the Middle East is projected to grow by 5.2% in 2024, reaching $193.7B. The IT services segment is a key growth driver fueled by increasing demand for professional and consulting services to prepare their businesses for cloud migration, AI, generative AI, and IoT implementations. Additionally, companies are capitalizing on data monetization opportunities created by the convergence of these technologies. CLPS has appointed Ms. Maddoju Hymavathi as General Manager of Ridik Dubai, tasked with spearheading the Company’s business development and operational management in the region.