Aeries Technology partners with Fortra for global expansion

MUMBAI - Aeries Technology, Inc. (NASDAQ:AERT), a provider of Global Capability Center (GCC) solutions, has announced a strategic partnership with Fortra, a cybersecurity firm, to establish GCCs in India and Mexico. The collaboration aims to bolster Fortra’s workforce in India and create a nearshore hub in Mexico, enhancing core business functions and driving innovation. According to InvestingPro data, Aeries currently maintains a market capitalization of $26.8 million, with revenue of $70.9 million in the last twelve months.

The new GCCs will allow Fortra to tap into a diverse talent pool, improve cost efficiency, and scale operations in alignment with its strategic business objectives. These centers are designed to optimize operational efficiency and accelerate digital transformation initiatives.

Matt Reck, CEO of Fortra, expressed confidence in Aeries as a long-term partner that will support Fortra’s operational expansion in India and beyond. Ajay Khare, CEO of Aeries, emphasized the partnership’s significance in showcasing Aeries’ capabilities and commitment to delivering advanced support and services to global clients.

Aeries Technology, founded in 2012, has grown to over 1,800 professionals and has been recognized as a Great Place to Work for two consecutive years. The company leverages AI and automation to provide tailored engagement models for its clients.

Fortra specializes in offensive and defensive cybersecurity solutions, offering comprehensive protection and threat intelligence to anticipate and strengthen defenses against criminal behavior.

The press release includes forward-looking statements regarding Aeries’ future operations and market opportunities. These statements involve risks and uncertainties that could cause actual results to differ materially, including market conditions, regulatory changes, and global economic and political factors. The company’s financial health score of 1.8 (rated as "FAIR" by InvestingPro) and negative EBITDA of -$21.2 million underscore these operational challenges.

This partnership announcement is based on a press release statement from Aeries Technology, Inc.

In other recent news, Aeries Technology, Inc. announced several updates following its Annual Meeting of Shareholders. The company revised employment agreements for key executives, including CEO Bhisham Khare, CFO and CIO Daniel S. Webb, and CTO Unnikrishnan Nambiar. These updates, effective from February 10, 2025, involve changes in roles, responsibilities, and compensation structures. Shareholders also approved the Second Amended and Restated Memorandum and Articles of Association, which may impact the rights of security holders. Additionally, there was a vote to increase the number of Class A ordinary shares authorized under the 2023 Equity Incentive Plan, with an amendment to allow an automatic annual increase of the share reserve by up to 5%. The meeting confirmed the appointment of Alok Kochhar, Biswajit Dasgupta, and Nina B. Shapiro as directors. Furthermore, Manohar Chowdhry & Associates was ratified as the independent registered public accounting firm for the fiscal years ended March 31, 2025, 2024, and 2023. These developments, as detailed in the company’s 8-K filing with the SEC, reflect Aeries Technology’s focus on transparent governance and executive accountability.

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