Aeries Technology (Nasdaq: AERT) is a global professional services and consulting partner for businesses in transformation mode and their stakeholders, including portfolio companies of private equity sponsors and mid-segment enterprises.
With customized engagement models that are designed to provide the right mix of deep vertical specialty and functional expertise, Aeries provides industry best practices and advanced digital systems and solutions to scale, optimize and transform a client’s business operations. Founded in 2012, Aeries Technology now has over 1,600 professionals across India and Mexico, specializing in Technology Services and Solutions, Business Process Management, and Digital Transformation.
With its unique ‘Purpose-built’ business model that creates flexibility and strategic alignment for the client and upward mobility opportunities for employees, Aeries’ approach to developing its workforce has earned it the Great Place to Work Certification.
Fast Facts:
- Founded in 2012
- More than 1,600 dedicated professionals on staff
- More than 700 engineers on staff
- Specializing in Technology Services and Solutions, Business Process Management, and Digital Transformation initiatives
- Operating cash flow positive since 2013
- 8 Offices across the world including U.S., India, Mexico, and Singapore
Financial Highlights:
- Third fiscal quarter (ending December 31, 2023) revenue of $18.9 million, up 49% y/y
- Third fiscal quarter (ending December 31, 2023) adjusted EBITDA of $2.4 million
- Cash and cash equivalents as of December 31, 2023 of $6.5 million
Key Updates:
- In May, Aeries filed its prospectus on Form 424B3 with the U.S. Securities and Exchange Commission.
- In April, Aeries announced a $5 million PIPE to accelerate growth and further bolster its balance sheet.
- In March, Aeries announced an expansion of its presence in Mexico and the appointing of Mario Jiminez as the Head of Mexico Operations.
