Victory Live Partners with Aeries Technology to Establish Global Capability Center in Hyderabad, India
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.
- Partnership with Victory Live to enhance operational efficiency and innovation.
- Establishment of a Global Capability Center (GCC) in Hyderabad, focusing on data analytics and integrations.
- Leverage of Hyderabad's burgeoning tech talent pool.
- Potential to set new industry standards in the ticketing sector.
- Opportunity to consolidate and strengthen Victory Live's worldwide talent pool, boosting collaboration and efficiency.
- A strategic initiative backed by Clearlake Capital Group.
- Initial costs and investments required to establish the Global Capability Center in Hyderabad.
- Potential risks associated with integrating diverse global teams.
- Challenges in maintaining operational efficiencies during the transition phase.
Insights
Aeries Technology and Victory Live partnering to establish a Global Capability Center (GCC) in Hyderabad is a significant development for both companies. The primary focus is on Data Analytics and Integrations, important areas in the technology sector. By setting up in Hyderabad, they are tapping into one of the fastest-growing tech talent pools globally. This move aligns with the industry's trend towards globalization and using skilled labor from tech hubs like India, which can drive innovation and cost-efficiency.
Victory Live can potentially enhance its ticketing software by leveraging advanced data analytics capabilities. This could mean more personalized and efficient ticketing solutions, improving customer experiences and operational efficiency. However, challenges such as managing a geographically distributed team and maintaining high operational standards must be addressed.
For investors, this strategic partnership and geographic expansion may signal future growth and innovation, making it an interesting development to watch.
The partnership between Aeries Technology and Victory Live to establish a Global Capability Center in Hyderabad is a strategic move to enhance operational efficiencies and leverage global talent. This GCC could reduce operational costs significantly due to lower wages and higher skill levels in India's tech industry. Additionally, this step positions both companies well in the competitive landscape of sports and entertainment technology.
The importance of data analytics and integration in modern tech solutions cannot be overstated. These areas drive personalized customer experiences, streamline operations and provide insights for better decision-making. Hence, this partnership is likely to yield positive results in terms of service quality and cost-effectiveness. Despite these advantages, investors should also consider potential risks like integration challenges and the need to maintain consistent quality across global teams.
Overall, this initiative presents a positive outlook for sustained growth and could set new industry benchmarks.
Establishes New Engineering Team Specializing in Data Analytics and Integrations
HYDERABAD, India, June 10, 2024 (GLOBE NEWSWIRE) -- Aeries Technology, Inc. (“Aeries” or “the Company”) (Nasdaq: AERT), a global professional services and technology consulting partner, today announced its strategic partnership with Victory Live, Inc., a global technology platform focused on sports and entertainment, event management, data, and ticketing software and solutions founded by industry veteran Sam Soni and backed by Clearlake Capital Group, L.P.
This collaboration marks the beginning of a strategic initiative, including the establishment of an innovative Global Capability Center (GCC) for engineering roles in Hyderabad, India. This GCC in Hyderabad is set to redefine the technology landscape by building an expert team of engineers focused on Data Analytics, Integrations, and more, further solidifying Aeries Technology’s commitment to innovation and excellence.
Victory Live’s Chief Technology Officer Sathish Gaddipati explained: “The launch of the Global Capability Center in Hyderabad, in partnership with Aeries Technology, represents a strategic leap forward for Victory Live. This GCC is more than a geographic expansion. It represents our commitment to leveraging global technology talent and optimizing operational efficiencies. By bringing together diverse teams from across the globe, we are setting new standards in the ticketing industry and redefining what is possible through collaboration and innovation.”
This GCC is poised to become a pivotal hub for technological advancement and operational efficiency. In a strategic move to better align operations, achieve significant cost savings, and harness the burgeoning tech talent pool in India, the GCC aims to consolidate and strengthen Victory Live’s worldwide talent, boosting collaboration and efficiency. This initiative creates a unified and streamlined approach to innovation and development for sustained business outcomes.
“We're excited to join forces with Victory Live for the Hyderabad GCC,” said Nilesh Agrawal, Head – Hyderabad Operations, Aeries Technology. “This collaboration underscores our commitment to innovation and operational excellence, leveraging Hyderabad's tech talent to revolutionize the ticketing industry. It's a key step in our journey towards setting industry benchmarks and achieving shared goals with Victory Live.”
For further information about Aeries and its services, please visit www.aeriestechnology.com
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
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