Resources Connection Acquires CloudGo Pte Ltd.
15 Noviembre 2023 - 3:05PM
Business Wire
Transaction Expands RGP’s Digital
Transformation Business in Asia Pacific Region
On November 15, 2023, Resources Connection, Inc. (Nasdaq: RGP)
(“RGP”), a global consulting firm, closed a transaction to acquire
100% of the equity of CloudGo Pte Ltd. and its subsidiaries
(collectively, “CloudGo”). Headquartered in Singapore, CloudGo is a
digital transformation firm and one of the fastest growing Elite
ServiceNow Partners. CloudGo will be combined with RGP’s Veracity
business and will accelerate the expansion of RGP’s digital
presence across the Asia Pacific (“APAC”) region.
Founded in 2016 by Rahul Garg and Rory Fitzpatrick, CloudGo
rapidly grew its expert capabilities, achieving ServiceNow Elite
Partner status in just two years. Today the firm has nearly 80
employees and operations in Singapore, Australia and India. CloudGo
is on track to achieve significant revenue growth in 2023.
“We expect the addition of CloudGo will be an important
accelerator to the growth of our global digital consulting
business,” said Kate Duchene, CEO of RGP. “The team at CloudGo
brings deep expertise and proven capabilities in solving their
clients’ challenges with innovative approaches that recognize the
unique needs of their businesses. These capabilities strengthen our
position as a full-service human capital partner and enhance our
ability to meet the evolving needs of our global clients.
Importantly, this team aligns well with our rich culture of client
centricity and always placing people first, and I’m very pleased to
welcome CloudGo to the RGP family.”
CloudGo’s strategic capabilities and regional positioning will
play a key role in RGP’s growth plans for its digital consulting
business. RGP intends to have CloudGo serve as the platform for
Veracity's digital business in APAC and provide expanded ServiceNow
capability to serve the U.S. and European markets. Furthermore, the
combination provides CloudGo’s customers with access to RGP’s full
portfolio of services and solutions.
Bhadresh Patel, CEO of Veracity and Chief Digital Officer at
RGP, stated, “Together, we will be able to offer both Veracity’s
and CloudGo’s customers access to our collective capabilities and
solutions. This combination should enable us to more quickly expand
our reach across the APAC region, and it positions us to better
support our clients globally.”
Rory Fitzpatrick, Co-founder and Managing Director of CloudGo,
stated, “We are thrilled to be joining forces with Veracity. Our
great cultural fit and combined value proposition will enable us to
deliver more digital workflows to more customers, provide great
career opportunities for our teams and strengthen our position as a
preferred Elite ServiceNow partner in the APAC region.”
Rahul Garg, Co-founder and Director of CloudGo, said, “The
synergy between CloudGo and Veracity is undeniable. This
acquisition propels us into a new realm of possibilities, enabling
us to better serve our clients and make a more significant impact
in the market.”
Clearsight Advisors, Inc., served as exclusive financial advisor
to RGP in connection with the transaction.
ABOUT RGP
Recently named among Forbes’ World’s Best Management Consulting
Firms for 2023, RGP is a global consulting firm focused on project
execution services that power clients’ operational needs and change
initiatives utilizing on-demand, expert and diverse talent. As a
next-generation human capital partner for our clients, we
specialize in co-delivery of enterprise initiatives typically
precipitated by business transformation, strategic transactions or
regulatory change. Our engagements are designed to leverage human
connection and collaboration to deliver practical solutions and
more impactful results that power our clients’, consultants’ and
partners’ success.
We attract top-caliber professionals with in-demand skill sets
who seek a workplace environment characterized by choice and
control, collaboration and human connection. The trends in today’s
marketplace favor flexibility and agility as businesses confront
transformation pressures, severe skilled labor shortages and
speed-to-market challenges. Our client engagement and talent
delivery model offers speed and agility, strongly positioning us to
help our clients transform their businesses and workplaces,
especially at a time where high-quality talent is scarce and
reliance on a flexible workforce to execute transformational
projects is increasingly imperative.
With approximately 3,800 professionals collectively engaged with
over 1,900 clients around the world from 41 physical practice
offices and multiple virtual offices, we are their partner in
delivering on the “now of work.” Headquartered in Irvine,
California, RGP is proud to have served 88% of the Fortune 100.
RGP is listed on the Nasdaq Global Select Market, the exchange’s
highest tier by listing standards. To learn more about RGP, visit:
http://www.rgp.com. (RGP-F)
ABOUT VERACITY
Veracity, a wholly owned subsidiary of RGP, headquartered in
Glen Allen, Virginia, is a digital transformation firm, bringing
omni-channel end-to-end solutions to its clients, combining
people-first design expertise with leading-edge technology.
Veracity was founded in 2015 with a small, accomplished group of
consultants offering innovative solutions for Fortune 500 clients.
RGP acquired Veracity in 2019 as a platform for its digital
consulting business. Now, Veracity and RGP work together seamlessly
to deliver transformational outcomes for an ever-demanding digital
world.
ABOUT CLOUDGO
Founded in 2016 by Rory Fitzpatrick and Rahul Garg, CloudGo is a
consulting firm and Elite ServiceNow partner. Headquartered in
Singapore, CloudGo’s team of nearly 80 employees currently serves
the Singapore and Australia markets, and has a delivery center in
India. CloudGo’s offerings solve business problems with digital
workflows that matter, helping their customers modernize legacy
applications and processes while delivering great experiences for
customers and teams. CloudGo is one of the largest, fastest growing
and most highly certified Elite ServiceNow partners worldwide.
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RGP Investor Contact: Jenn
Ryu, Chief Financial Officer (US+) 1-714-430-6500
jenn.ryu@rgp.com
RGP Media Contact: Pat Burek
Financial Profiles (US+) 1-310-622-8244 pburek@finprofiles.com
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