How are energy investors positioned?
NEW YORK - Aeries Technology, Inc. (NASDAQ:AERT), a $42.7 million market cap technology company currently trading near $0.93, announced Monday a strategic partnership with Skydda.ai to enhance cybersecurity operations through its Global Capability Centers (GCCs) in India and Mexico. According to InvestingPro data, the company has shown significant price volatility while maintaining annual revenues of $70.2 million.
The collaboration aims to integrate Skydda.ai’s autonomous threat detection and AI-powered analyst workflows into Aeries’ delivery model. This integration is expected to help clients establish Security Operations Center (SOC) capabilities with improved efficiency and adaptability to evolving threats.
According to a press release statement, the partnership will enable mid-market companies to deploy advanced SOC functions with capabilities similar to those of larger enterprise security teams.
Unni Nambiar, CTO of Aeries Technology, stated that the partnership would achieve "a 33x increase in analyst productivity and 20x faster execution of SOC end-to-end workflows."
Anu Engineer, CEO and Co-Founder of Skydda Inc., added that their "agentic AI delivers 10x better price-to-performance for SOC operations" with "less noise, faster decisions, and higher confidence" for Aeries’ clients.
The partnership forms part of Aeries’ AI Partner Network, which the company describes as a curated ecosystem of domain-specific AI platforms designed to accelerate enterprise transformation through GCC-based delivery.
Aeries Technology, founded in 2012, specializes in AI-enabled value creation and business transformation for private equity portfolio companies. For detailed insights into Aeries’ financial health, valuation metrics, and growth potential, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
In other recent news, Aeries Technology reported an expected operating loss of approximately $28.8 million for the fiscal year ending March 31, 2025, contrasting with an operating income of about $3.0 million in the previous fiscal year. The company attributes this anticipated loss to a significant increase in selling, general, and administrative expenses, which rose to $45.5 million from $18.7 million, driven by higher stock-based compensation and bad debt expenses. In strategic developments, Aeries Technology launched an Independent Strategic Advisory Board to support its growth initiatives, chaired by Ramesh Venkataraman. Additionally, the company signed a Letter of Intent with Cority to establish AI-driven Global Capability Centers (GCCs) in India and Mexico, aimed at supporting Cority’s market expansion. Aeries Technology also announced the launch of its AI-centered GCC initiative, integrating artificial intelligence across its centers worldwide to enhance innovation and cost efficiency. Furthermore, the company appointed Elias "Eli" Mendoza as Chief Growth and Strategy Officer, bringing over 20 years of experience in private equity and operational transformation. These developments reflect Aeries Technology’s focus on strategic growth and operational enhancement through advanced technology and leadership appointments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.