Resources Connection Inc. (Nasdaq: RGP), an Irvine-based provider of consulting services, said it acquired CloudGo Pte Ltd. to expand in Asia. Terms were undisclosed.
CloudGo, a consulting firm based in Singapore with nearly 80 employees, provides advise to customers on how to modernize their legacy applications and processes. CloudGo, which was founded in 2016, will be combined with RGP’s Veracity unit, which was acquired in 2019 as the company’s platform for its digital consulting business.
“We expect the addition of CloudGo will be an important accelerator to the growth of our global digital consulting business,” Chief Executive Kate Duchene said in a statement. “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.”
RGP shares were unchanged in after-hours trading following the announcement. They declined less than 1% to $14.26 in regular trading and a $481 million market cap. The shares had hit their 52-week low of $13.08 on Oct. 25.