CLPS Incorporation Celebrates IBM's 60 Years of Mainframe Leadership and Reiterates Commitment to Talent Development

Rhea-AI Summary

CLPS celebrates IBM's 60 years in mainframe leadership and highlights its commitment to talent development. Recognizing IBM's contributions since the 1964 launch of the IBM System/360, CLPS underscores the importance of mainframes in digital transformation. CLPS's Talent Creation Program (TCP) offers a comprehensive six-month curriculum combining theoretical knowledge and practical training, focusing on mainframe technologies like JCL, COBOL, and DB2. The program has successfully graduated over 6,000 professionals for global financial institutions. CEO Raymond Lin emphasizes the significance of IBM's Mainframe Skills Council in fostering a skilled workforce and vows to enhance CLPS's training programs further.

Positive

• CLPS celebrates IBM's 60 years of mainframe leadership, highlighting the company's longstanding industry presence.
• The Talent Creation Program (TCP) offers a comprehensive six-month curriculum, blending theory and hands-on training.
• TCP has successfully graduated over 6,000 professionals for financial institutions globally, showcasing its effectiveness.
• CLPS collaborates with IBM and industry leaders, indicating strong industry partnerships.
• The company's commitment to enhancing training programs aligns with industry needs, ensuring continued relevance and demand.

Negative

• The press release lacks specific financial data or growth metrics, providing insight into immediate business performance.
• There is no mention of new client acquisitions or revenue growth, which could be critical for investor confidence.
• The focus on talent development may not address potential concerns about immediate profitability or market competition.

HONG KONG, May 17, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), honors IBM's 60^th anniversary in the mainframe industry and its unwavering commitment to fostering future talents.

Since the 1964 launch of its first modern mainframe, the IBM System/360, IBM's dedication to reliability, security, and performance has made mainframe a cornerstone of global digital transformation for large enterprises. This milestone coincides with its launch of Mainframe Skills Council, a global initiative promoting a skilled and diverse mainframe workforce.

For nearly two decades, CLPS has been actively developing exceptional mainframe talents. Leveraging its deep knowledge and experience, CLPS offers an industry-leading training program, the Talent Creation Program ("TCP"), designed to equip recent graduates with the skills for a successful career such as in mainframe technology. The six-month TCP curriculum balances theoretical foundations with practical application. The initial two months focus on core mainframe concepts like JCL, COBOL, PL/1, QSAM, VSAM, DB2, and CICS. To ensure well-rounded professionals, the program also incorporates business English, soft skills, and banking industry knowledge. The following four months emphasize hands-on training.

Meanwhile, CLPS has its own virtual banking platform, providing learners with practical, user-friendly projects. By integrating experienced local and international instructors, industry-standard textbooks, diverse learning platforms, and real-world project materials, CLPS creates a comprehensive platform for developing mainframe talent. This wide-ranging approach ensures graduates are highly skilled professionals with practical experience. Such commitment has yielded over 6,000 competent graduates for well-known financial institutions across the U.S., Singapore, Hong Kong, Mainland China, and other regions. This success highlights CLPS's service efficiency and quality, widely recognized within the industry. The Company remains dedicated to enhancing its global mainframe talent delivery capabilities through continued world-class training programs.

"The launch of IBM's Mainframe Skills Council is a significant step forward for developing the next generation of mainframe talent," said Mr. Raymond Lin, Chief Executive Officer of CLPS. "It represents a new era of collaboration in fostering a skilled mainframe workforce. As a pioneer in cultivating mainframe talent in China, CLPS recognizes the immense value of this initiative for our TCP and TDP plans. We are committed to further strengthening our mainframe training and education programs by investing resources to deliver even more qualified mainframe professionals to our clients."

Coinciding with IBM's 60^th anniversary of its first modern mainframe, CLPS reiterates its deep appreciation for IBM's contribution. Looking ahead, CLPS will work closely with IBM and other industry leaders to cultivate mainframe talent. Through this collaboration, CLPS aims to provide robust support for the modernization and digital transformation efforts of global corporations.

About CLPS Incorporation

Headquartered in Hong Kong, CLPS Incorporation is a global leading information technology ("IT") consulting and solutions service provider focused on delivering services primarily to global institutions on the banking, wealth management, e-commerce, and automotive sectors. The Company serves as an IT service provider to a growing network of clients in the global financial service industry, including large financial institutions in the U.S., Europe, Australia, Asia, and their PRC-based IT centers. The Company maintains 20 delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Xi'an, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Hainan. The remaining 10 global centers are located in Hong Kong SAR, USA, Japan, Singapore, Australia, Malaysia, India, Philippines, Vietnam, and Canada. 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.

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SOURCE CLPS

FAQ

What is CLPS Incorporation's Talent Creation Program?

The Talent Creation Program (TCP) by CLPS is a six-month training initiative designed to equip recent graduates with mainframe technology skills.

How many professionals have graduated from CLPS's Talent Creation Program?

Over 6,000 professionals have successfully graduated from CLPS's Talent Creation Program.

What mainframe technologies are covered in the CLPS training program?

The CLPS training program covers mainframe technologies such as JCL, COBOL, PL/1, QSAM, VSAM, DB2, and CICS.

How does CLPS integrate practical training in its Talent Creation Program?

CLPS integrates practical training through its virtual banking platform and hands-on project materials.

What is the significance of IBM's Mainframe Skills Council to CLPS?

IBM's Mainframe Skills Council represents a collaborative effort to foster a skilled mainframe workforce, aligning with CLPS's training and education goals.

How does CLPS plan to support the modernization and digital transformation of global corporations?

CLPS aims to support modernization and digital transformation by working closely with IBM and industry leaders to cultivate skilled mainframe talent.