Gives IT and Information Security teams access
to best-in-class tools and expert guidance to protect businesses
and support digital transformation trends
Aeries Technology, a global professional services and consulting
partner for business leadership teams, private equity sponsors, and
their portfolio companies, today announced the launch of its cyber
security managed services offering, giving companies access to
world-class cyber security services and Information Security
Management Systems (ISMS) designed to meet and exceed the standards
of an enterprise-level Chief Information Security Officer at a
lower cost of hiring in-house experts.
This new comprehensive offering includes a full array of cyber
security initiatives such as governance, risk & compliance
frameworks, application security services, data security &
privacy services, cloud & infrastructure security and more
through a team of Aeries Technology professionals dedicated to
keeping corporate digital assets safe and secure. The Aeries
Technology cyber security team is not only highly skilled and
certified in managed security service technologies, but is also
vendor agnostic, allowing clients the flexibility to choose the
security model and services that best suits their business.
The full suite of managed cyber security offerings launched
today includes:
- Governance, Risk & Compliance;
- Application Security Services;
- Data Security & Privacy;
- Identity & Access Management;
- Cloud & Infrastructure Security;
- Security Operations Center Services
- Audit & Compliance Certifications; and
- Enterprise Security Design & Implementation.
“Cyber security is a mission critical priority for any
technology business and is only becoming more important as new
threats make themselves known daily,” said Sudhir Panikassery, CEO
of Aeries Technology. “Together with our other digital
transformation and technology services solutions, Aeries can help
deliver tangible results and cost savings for companies who need to
optimize and enhance their stack of IT tools. We are excited to
help our clients safely and securely move their infrastructure
goals forward.”
On March 13, 2023, Aark Singapore Pte Ltd, and its subsidiary
Aeries Technology announced that it had entered into a definitive
agreement with Worldwide Webb Acquisition Corp. (NASDAQ: WWAC) that
will result in Aeries Technology becoming a publicly listed
company.
About Aeries Technology
Aeries Technology 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 engagement models that are designed to provide the
right mix of deep vertical specialty, functional expertise, and the
right systems & solutions to scale, optimize and transform a
client’s business operations. Founded in 2012, Aeries Technology
now has over 1,500 professionals on staff and counts a number of
leading Private Equity sponsors and their portfolio companies as
clients, including Alegeus, Stratus, and Newfold Digital.
About Worldwide Webb Acquisition Corp.
Worldwide Webb Acquisition Corp. is a special purpose
acquisition company founded by Daniel Webb, a former technology
investment banker and private equity investor, for the purpose of
effecting a merger, share exchange, asset acquisition, share
purchase, reorganization or similar business combination with one
or more businesses.
Where You Can Find Additional Information
This Press Release relates to a proposed business combination
transaction among Worldwide Webb Acquisition Corp (“WWAC”) and Aark
Singapore Pte Ltd (“AARK”) pursuant to which AARK and Aeries would
become subsidiaries of WWAC, and WWAC would be renamed Aeries
Technology, Inc. In connection with the proposed transaction, WWAC
intends to file with the SEC a registration statement on form S-4
which contains a proxy statement to solicit shareholder approval of
the proposed business combination (“proxy statement/prospectus”),
which will be distributed to holders of WWAC’s common stock in
connection with WWAC’s solicitation of proxies for the vote by
WWAC’s shareholders with respect to the proposed transaction and
other matters as described in the proxy statement/prospectus. After
the preliminary proxy statement/prospectus has been filed and
cleared by the SEC, WWAC will mail a definitive proxy
statement/prospectus to its shareholders. WWAC shareholders and
other interested parties are urged to read the proxy
statement/prospectus, any amendments thereto and any other
documents filed with the SEC carefully and in their entirety when
they become available because they will contain important
information about WWAC and the proposed transaction. This document
is not a substitute for the proxy statement/prospectus or any other
document that WWAC or Aeries may file with the SEC. INVESTORS AND
SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS
AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS
WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY
AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE
THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE
PROPOSED TRANSACTION..
Investors and security holders may obtain free copies of the
proxy statement/prospectus (if and when available) and other
documents that are filed or will be filed with the SEC by WWAC
through the website maintained by the SEC at www.sec.gov. Copies of
the documents filed with the SEC by WWAC will be available free of
charge at Worldwide Webb Acquisition Corp., 770 E Technology Way
F13-16, Orem, UT 84097, attention: Chief Executive Officer.
Participants in the Solicitation
WWAC and its directors and executive officers are participants
in the solicitation of proxies from the shareholders of WWAC in
respect of the proposed transaction. Information about WWAC’s
directors and executive officers and their ownership of WWAC’s
Class A ordinary shares is set forth in WWAC’s Annual Report on
Form 10-K for the year ended December 31, 2022 filed with the SEC
on March 31, 2023. Other information regarding the participants in
the proxy solicitation and a description of their direct and
indirect interests, by security holdings or otherwise, will be
contained in the proxy statement and other relevant materials to be
filed with the SEC in respect of the proposed transaction when they
become available. You may obtain free copies of these documents as
described in the preceding paragraph.
Aeries, Aark Singapore Pte Ltd and their respective directors
and executive officers may also be deemed to be participants in the
solicitation of proxies from the shareholders of WWAC in connection
with the proposed business combination. A list of the names of such
directors and executive officers and information regarding their
interests in the proposed business combination will be included in
the proxy statement for the proposed business combination.
Cautionary Note Regarding Forward-Looking Statements
This Press Release includes certain statements that are not
historical facts but are forward-looking statements within the
meaning of Section 21E of the U.S. Securities Exchange Act of 1934,
as amended, and Section 27A of the U.S. Securities Act of 1933, as
amended, for purposes of the safe harbor provisions under the
United States Private Securities Litigation Reform Act of 1995.
These forward-looking statements include but are not limited to
statements regarding the anticipated benefits of the proposed
transaction, the combined company becoming a publicly listed
company, the anticipated impact of the proposed transaction on the
combined companies’ business and future financial and operating
results, and the anticipated timing of closing of the proposed
transaction.. Words such as “may,” “should,” “will,” “believe,”
“expect,” “anticipate,” “target,” “project,” and similar phrases
that denote future expectations or intent regarding the combined
company’s financial results, operations, and other matters are
intended to identify forward-looking statements. You should not
rely upon forward-looking statements as predictions of future
events. The outcome of the events described in these
forward-looking statements is subject to known and unknown risks,
uncertainties, and other factors that may cause future events to
differ materially from the forward-looking statements in this
report, including but not limited to: (i) the ability to complete
the proposed transaction within the time frame anticipated or at
all; (ii) the failure to realize the anticipated benefits of the
proposed transaction or those benefits taking longer than
anticipated to be realized; (iii) the risk that the transaction may
not be completed in a timely manner or at all, which may adversely
affect the price of WWAC’s securities; (iv) the risk that the
transaction may not be completed by WWAC’s business combination
deadline and the potential failure to obtain further extensions of
the business combination deadline if sought by WWAC; (v) the
failure to satisfy the conditions to the consummation of the
transaction, including the approval of the Business Combination
Agreement by the shareholders of WWAC, the satisfaction of the
minimum cash on hand condition following redemptions by the public
shareholders of WWAC and the receipt of any governmental and
regulatory approvals; (vi) the occurrence of any event, change or
other circumstance that could give rise to the termination of the
Business Combination Agreement; (vii) unexpected costs or
unexpected liabilities that may result from the proposed
transactions, whether or not consummated; (viii) the impact of
COVID-19 on Aeries’ business and/or the ability of the Parties to
complete the proposed transaction; (ix) the effect of disruption
from the announcement or pendency of the transaction on Aeries’
business relationships, performance, and business generally; (x)
risks that the proposed transaction disrupts current plans and
operations of Aeries and potential difficulties in Aeries employee
retention as a result of the proposed transaction; (xi) the outcome
of any legal proceedings that may be instituted against Aeries or
WWAC related to the Business Combination Agreement or the proposed
transaction; (xii) the ability to maintain the listing of WWAC’s
securities on the Nasdaq Global Market; (xiii) potential volatility
in the price of WWAC’s securities due to a variety of factors,
including economic conditions and the effects of these conditions
on Aeries’ clients’ businesses and levels of activity, risks
related to an economic downturn or recession in India, the United
States and other countries around the world, fluctuations in
earnings, fluctuations in foreign exchange rates, Aeries’ ability
to manage growth, intense competition in IT services including
those factors which may affect Aeries’ cost advantage, wage
increases in India, the ability to attract and retain highly
skilled professionals, time and cost overruns on fixed-price,
fixed-time frame contracts, client concentration, restrictions on
immigration, industry segment concentration, Aeries’ ability to
manage the international operations, withdrawal or expiration of
governmental fiscal incentives, political instability and regional
conflicts, legal restrictions on raising capital or acquiring
companies outside India, changes in laws and regulations affecting
Aeries’s business and changes in the combined company’s capital
structure; (xiv) the ability to implement business plans, identify
and realize additional opportunities and achieve forecasts and
other expectations after the completion of the proposed
transaction; (xv) the risk that the post-combination company may
never achieve or sustain profitability; (xvi) WWAC’s potential need
to raise additional capital to execute its business plan, which
capital may not be available on acceptable terms or at all; and
(xvii) the risk that the post-combination company experiences
difficulties in managing its growth and expanding operations. The
forward-looking statements contained in this report are also
subject to additional risks, uncertainties, and factors, including
those described in WWAC’s most recent Annual Report on Form 10-K
and Quarterly Reports on Form 10-Q and other documents filed or to
be filed with the SEC by WWAC from time to time. The
forward-looking statements included in this report are made only as
of the date hereof. None of Aeries, WWAC or any of their affiliates
undertakes any obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future developments, subsequent events, circumstances or otherwise,
except as may be required by any applicable securities laws.
No Offer or Solicitation
This Press Release is not intended to and shall not constitute
an offer to sell or the solicitation of an offer to sell or to buy
any securities or a solicitation of any vote or approval and is not
a substitute for the proxy statement or any other document that
WWAC may file with the SEC or send to WWAC’s shareholders in
connection with the proposed transaction, nor shall there be any
sale of securities in any states or jurisdictions in which such
offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. No offering of securities shall be made except by
means of a prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, as amended, or an exemption therefrom.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230410005450/en/
For Aeries Technology Media: Katie Creaser AeriesPR@icrinc.com
Investors: Ryan Gardella AeriesIR@icrinc.com For Worldwide Webb
Acquisition Corp: Daniel Webb daniel@wwac1.com
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