Resources Connection (RGP) Acquires CloudGo Pte Ltd

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.

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