Welcome to our dedicated page for Aeries Technology news (Ticker: AERT), a resource for investors and traders seeking the latest updates and insights on Aeries Technology stock.
Aeries Technology, Inc. (Nasdaq: AERT) is a global professional services and consulting partner serving businesses undergoing transformation. Established in 2012, Aeries specializes in Technology Services and Solutions, Business Process Management, and Digital Transformation. With over 1,600 professionals, the company is dedicated to providing customized engagement models designed to scale, optimize, and transform client operations.
Aeries supports private equity sponsors and their portfolio companies, offering expertise across various functional areas. The company's unique approach involves setting up dedicated delivery centers in strategic locations tailored to client needs, enhancing operational efficiency and growth. Key services include management consultancy, professional advisory, operations management, and the development of digital systems.
In recent developments, Aeries announced the appointment of Rajeev Nair as CFO and Daniel Webb as CIO. Both bring substantial experience in finance, AI, investment banking, and private equity, enhancing the company's strategic direction. Additionally, Aeries reported strong financials for the fiscal year 2024, with revenues up by 38% year-over-year and a significant increase in adjusted EBITDA by 107%.
Aeries also forged strategic partnerships, including a collaboration with Confluence to establish a new Center of Excellence in Bangalore and a partnership with Quickbase to enhance global technology operations. The company continues to expand its capabilities and workforce, earning the Great Place to Work Certification for its commitment to employee development and satisfaction.
Aeries Technology (Nasdaq: AERT), a global professional services and consulting partner, is set to present at the 2024 Annual Gateway Conference in San Francisco. The event will take place on September 4-5 at the Four Seasons Hotel. Aeries' management team is scheduled to deliver their presentation on Thursday, September 5 at 8:30 a.m. Pacific Time.
In addition to the presentation, Aeries executives will be available for one-on-one meetings throughout the conference. Interested parties can request an invitation or schedule a meeting by emailing conference@gateway-grp.com. This presentation offers an opportunity for investors and analysts to gain insights into Aeries Technology's operations and future prospects.
Aeries Technology (Nasdaq: AERT) has received a deficiency notification from Nasdaq due to its delayed filing of the Annual Report on Form 10-K for the fiscal year ended March 31, 2024. This delay puts the company in non-compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports. Aeries now has 60 calendar days to submit a compliance plan to Nasdaq, which may grant an extension of up to 180 calendar days from the original due date (until January 13, 2025) for the company to regain compliance. The company is working to complete and file the Form 10-K as soon as possible and intends to take necessary steps to regain compliance with Nasdaq's listing rules promptly.
Aeries Technology (Nasdaq: AERT) has partnered with Victory Live to establish a Global Capability Center (GCC) in Hyderabad, India. The center will focus on engineering roles in data analytics and integrations, aiming to leverage India's tech talent. Victory Live, a global technology platform in sports, entertainment, and event management, sees this move as an opportunity to enhance operational efficiencies and collaboration by unifying global teams. This initiative aims to set new standards in the ticketing industry and strengthen Victory Live's worldwide talent pool for sustained business outcomes.
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