\nAeries 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.<\/p>\n
\nThis 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.<\/p>\n
\nThe full suite of managed cyber security offerings launched today includes:<\/p>\n
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- \nGovernance, Risk & Compliance;<\/p>\n<\/li>\n
- \nApplication Security Services;<\/p>\n<\/li>\n
- \nData Security & Privacy;<\/p>\n<\/li>\n
- \nIdentity & Access Management;<\/p>\n<\/li>\n
- \nCloud & Infrastructure Security;<\/p>\n<\/li>\n
- \nSecurity Operations Center Services<\/p>\n<\/li>\n
- \nAudit & Compliance Certifications; and<\/p>\n<\/li>\n
- \nEnterprise Security Design & Implementation.<\/p>\n<\/li>\n<\/ul>\n
\n\u201cCyber security is a mission critical priority for any technology business and is only becoming more important as new threats make themselves known daily,\u201d said Sudhir Panikassery, CEO of Aeries Technology. \u201cTogether 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.\u201d<\/p>\n
\nOn 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.<\/p>\n
About Aeries Technology<\/b><\/p>\n
\nAeries 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\u2019s 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.<\/p>\n
About Worldwide Webb Acquisition Corp.<\/b><\/p>\n
\nWorldwide 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.<\/p>\n
Where You Can Find Additional Information<\/b><\/p>\n
\nThis Press Release relates to a proposed business combination transaction among Worldwide Webb Acquisition Corp (\u201cWWAC\u201d) and Aark Singapore Pte Ltd (\u201cAARK\u201d) 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 (\u201cproxy statement\/prospectus\u201d), which will be distributed to holders of WWAC\u2019s common stock in connection with WWAC\u2019s solicitation of proxies for the vote by WWAC\u2019s 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..<\/p>\n
\nInvestors 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<\/a>. 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.<\/p>\n
Participants in the Solicitation<\/b><\/p>\n
\nWWAC 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\u2019s directors and executive officers and their ownership of WWAC\u2019s Class A ordinary shares is set forth in WWAC\u2019s 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.<\/p>\n
\nAeries, 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.<\/p>\n
Cautionary Note Regarding Forward-Looking Statements<\/b><\/p>\n
\nThis 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\u2019 business and future financial and operating results, and the anticipated timing of closing of the proposed transaction.. Words such as \u201cmay,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201ctarget,\u201d \u201cproject,\u201d and similar phrases that denote future expectations or intent regarding the combined company\u2019s 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\u2019s securities; (iv) the risk that the transaction may not be completed by WWAC\u2019s 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\u2019 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\u2019 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\u2019s securities on the Nasdaq Global Market; (xiii) potential volatility in the price of WWAC\u2019s securities due to a variety of factors, including economic conditions and the effects of these conditions on Aeries\u2019 clients\u2019 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\u2019 ability to manage growth, intense competition in IT services including those factors which may affect Aeries\u2019 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\u2019 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\u2019s business and changes in the combined company\u2019s 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\u2019s 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\u2019s 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.<\/p>\n
No Offer or Solicitation<\/b><\/p>\n
\nThis 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\u2019s 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.<\/p>\n
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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230410005450\/en\/<\/a><\/span><\/p>\n
\nFor Aeries Technology
\n
Media:
\n
Katie Creaser
\n
AeriesPR@icrinc.com
\n<\/a><\/p>\nInvestors:
\n
Ryan Gardella
\n
AeriesIR@icrinc.com
\n<\/a><\/p>\n