Aeries Technology, a professional services and consulting partner for business leadership teams, private equity sponsors and their portfolio companies, have merged with Worldwide Webb Acquisition Corp., a publicly-traded special purpose acquisition company.
Aeries is focused on technology services, business process management and digital transformation initiatives that are customized to meet the needs of management and leadership teams of businesses including private equity sponsors and their portfolio companies. The company also offers a services practice in multiple verticles such as IT infrastructure, finance and accounting, process automation, business systems and implementation of technologies for organization optimization aligned with the client’s business structure. As a result of the merger, Aeries Technology will become a publicly-listed company.
“Aeries is excited to enter the public markets as we believe the opportunity provided by this transaction will fuel our projected growth and help us achieve our mission of providing superior solutions to our clients,” states Sudhir Panikassery, CEO of Aeries.
D.A. Davidson and Roth Capital Partners are acting as capital markets advisors on the deal. Norton Rose Fulbright and Shearman & Sterling are representing Aeries Technology and Worldwide Webb Acquisition Corp., respectively, as legal counsel.