Quickbase and Aeries Technology Enter Strategic Partnership to Enhance Global Technology and Innovation
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The partnership between Aeries Technology and Quickbase signifies a strategic move within the technology sector, which could potentially alter competitive dynamics. By leveraging Aeries's presence in India, Quickbase is aiming to tap into a significant talent pool and cost-effective engineering resources, which could lead to enhanced operational efficiencies and accelerated digital transformation services. The emphasis on low/no code technology stacks is particularly noteworthy, as it aligns with the industry's shift towards more agile and user-friendly development environments. This could result in a competitive edge for Quickbase, making its platform more accessible and adaptable to a broader range of business needs.
From a financial perspective, the strategic partnership is likely to have a positive impact on Quickbase's revenue growth and margin expansion in the mid to long term. The expansion into Bangalore, a known tech hub, could lead to cost savings and operational leverage. Investors should monitor how this partnership affects Quickbase's market share and whether it translates into tangible financial performance metrics, such as earnings growth and return on investment. Furthermore, as the partnership may lead to new product offerings or enhancements, it's crucial to evaluate the customer acquisition and retention rates post-implementation of the collaboration.
The alliance between Aeries Technology and Quickbase is poised to create a symbiotic relationship, leveraging Aeries's expertise in digital transformation and Quickbase's dynamic work management platform. The focus on low/no code technology is a strategic one, considering the growing demand for business agility and the need for non-technical users to manage applications. The ability to offer cutting-edge solutions that align with Quickbase's strategic direction could lead to innovative product developments and potentially disruptive technologies in the work management space. It's essential to consider how this partnership will affect Quickbase's product adoption rates and its overall position in the market against competitors.
BANGALORE, India, March 12, 2024 (GLOBE NEWSWIRE) -- Aeries Technology, Inc. (Nasdaq: AERT), a global professional services and consulting partner, today announced a new strategic partnership with Quickbase, a prominent, dynamic work management platform. This collaboration marks a significant milestone in Quickbase's strategy to harness world-class talent and provide top-tier technical expertise to its customers, positioning Quickbase as a global driver of technology and innovation.
Driving Innovation and Growth
Through this collaboration with Aeries, Quickbase will streamline operations, enhance productivity, and drive growth across various functions including Professional Services, Customer Success, Tech Support, Finance, Business Applications, Sales Operations and Data Analytics. With Aeries as an innovation partner, Quickbase will establish efficiencies and bolster global technology for its engineering practices, tapping into India's vast pool of exceptional talent. This collaboration provides engineers the opportunity to engage with cutting-edge low/no code technology stacks, utilizing best practices to accelerate digital transformation and create exceptional solutions that are in line with Quickbase’s objectives and strategic direction.
Dalan Winbush, Chief Information Officer of Quickbase, shared his enthusiasm: "This partnership with Aeries Technology is pivotal for Quickbase as we expand our innovative capabilities with a new establishment in Bangalore, India. This collaboration underscores our dedication to empowering organizations with digital transformation through intuitive and powerful business applications. Working alongside Aeries promises to spark innovation and highlight the exceptional talent and potential within the region."
A Strategic Collaboration
Aeries Technology, known for its innovative solutions and services in the Technology, Business Process Management and Digital Transformation arena, brings to the partnership a wealth of experience and a strong presence in the Indian tech landscape. "Joining forces with Quickbase to enhance their capabilities aligns perfectly with our mission to deliver unparalleled value and innovation to our clients," said Ajay Khare, Chief Operating Officer - Americas and CRO, Aeries. "We are excited to embark on this journey together and set new benchmarks in the industry in higher operational effectiveness, greater flexibility and consistent, guaranteed cost efficiencies."
About Quickbase
Quickbase is the first application platform built for Dynamic Work Management, empowering more than 6,000 global organizations to bring together people, processes, and data into one centralized location. The Quickbase platform enhances productivity and reduces Gray Work, the time lost when searching for data and information, by connecting everything through a single source of truth. With automated workflows and granular permissions, the right people will have access to the right information, mitigating risk, reducing waste, and trimming unexpected costs. Named one of Inc.’s Best Businesses of 2022, Quickbase was founded in 1999 and is based in Boston (MA). For more information, visit www.quickbase.com. Quickbase – All together now.
About Aeries Technology
Aeries Technology (Nasdaq: AERT) is a global professional services and consulting partner for businesses in transformation mode and their stakeholders, including private equity sponsors and their portfolio companies, with customized engagement models that are designed to provide the right mix of deep vertical specialty, functional expertise, and 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 specializing in Technology Services and Solutions, Business Process Management, and Digital Transformation initiatives, geared towards providing tailored solutions to drive business success. Aeries Technology’s approach to staffing and developing its workforce has earned it the Great Place to Work Certification.
Contacts
Ryan Gardella
AeriesIR@icrinc.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a060d00b-455b-4149-a24e-02f61a1cfeab
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