Aeries Technology (AERT) Delivers High-Performing Global Capability Center for Leading U.S. Healthcare Fintech Platform
Transition of custom-built India GCC reflects operational excellence, AI-enabled execution, and long-term value creation for client now assuming full ownership
New York, New York--(Newsfile Corp. - June 26, 2025) - Aeries Technology, Inc. (NASDAQ: AERT) ("Aeries" or the "Company"), a global leader in AI-enabled value creation and Global Capability Center (GCC) delivery for private equity (PE) portfolio companies, today announced the successful completion and transition of a high-performing GCC in India to one of its long-standing clients—a top-tier U.S.-based healthcare fintech platform.
Launched during the pandemic, the engagement spanned four years and included the full lifecycle design, build, and operation of the client's custom GCC. The center scaled to more than 300 professionals across Service Operations, Platform & IT, Product Engineering, Finance, and Data & Analytics. Built to meet stringent HIPAA-compliant controls and regulatory-grade uptime expectations, the GCC became a mission-critical engine of service delivery, innovation, and cost optimization.
Under Aeries' leadership, the center achieved consistently high service-level performance, strong employee satisfaction scores, and enterprise-grade operational resilience. As the client's growth strategy evolved, the company opted to transition the GCC into a wholly owned subsidiary—underscoring Aeries' ability to deliver structural flexibility and long-term value creation.
"This hand-off demonstrates how Aeries delivers scalable, future-ready operating platforms that unlock innovation and long-term strategic advantage," said Ajay Khare, Chief Executive Officer of Aeries Technology. "We are proud to support clients as they transform outsourced execution into enterprise capability."
The seamless transition also reflects the strength of Aeries' shared governance model, AI-enabled operations discipline, and embedded compliance infrastructure. The Company continues to expand its presence as a transformation partner to PE-backed and growth-stage businesses across healthcare, fintech, and enterprise software.
About Aeries Technology
Aeries Technology (NASDAQ: AERT) is a global leader in AI-enabled value creation, business transformation, and Global Capability Center (GCC) delivery for private equity (PE) portfolio companies. Supporting scalable, technology-driven execution since 2012, Aeries has earned Great Place to Work Certification for two consecutive years.
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding client transitions, strategic partnerships, and operational execution. These statements are subject to risks and uncertainties detailed in the Company's SEC filings. Actual results may differ. Aeries disclaims any obligation to update statements except as required by law.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
22 minutes ago
- Globe and Mail
Buy Micron Technology (MU) Stock for AI Growth After Record Quarterly Sales?
Reporting strong results for its fiscal third quarter on Wednesday evening, Micron Technology MU is at the top of an expansive list of companies that are experiencing AI-driven growth thanks to high demand for semiconductor memory solutions. Along with other major players in the semiconductor and memory chip space, such as Marvell Technology MRVL and Qualcomm QCOM, Micron is benefiting from the growing demand for high-performance computing components for AI, data centers, and mobile devices. Micron's Record Quarterly Sales Seeing sales of AI-related products more than double, Micron's Q3 sales came in at a quarterly record $9.3 billion. This was a 37% increase from Q3 sales of $6.81 billion in the comparative quarter and comfortably exceeded estimates of $8.83 billion by 5.27%. Micron's high-bandwidth memory (HBM) business stood out, with sales of $1.5 billion marking nearly 50% sequential growth, fueled by demand for AI computing applications. HBM sales helped drive record DRAM (Dynamic Random-Access Memory) revenue of $7.1 billion, as Data Center-specific revenue more than doubled from the surge in memory demand for AI workloads. Micron's Q3 EPS & Other Quarterly Highlights On the bottom line, Micron's Q3 earnings skyrocketed 208% to $1.91 per share ($2.18 billion) from EPS of $0.62 a year ago and crushed expectations of $1.59 a share by 20%. Improved pricing and product mix were the main drivers, with Micron vanquishing a 39% gross margin, compared to 28% in the prior year quarter. Other noteworthy highlights included a six-year peak in free cash flow at $1.95 billion. Micron's Positive Guidance Supported by AI momentum, Micron CEO Sanjay Mehrotra stated the company is on track to deliver record revenue for the full fiscal year. Notably, Micron expects Q4 sales to be $10.7 billion (+/-$300 million), which came in above the current Zacks Consensus of $9.9 billion. Even better, Micron's forecast for Q4 EPS of $2.50 (+/- 15 cents) was well above expectations of $2.02. Bottom Line There was a lot to like about Micron's strong Q3 results, and there could very well be more upside for MU shares, which are up nearly +50% this year. However, following such an extensive year-to-date rally, Micron stock currently lands a Zacks Rank #3 (Hold). To that point, more upside will largely depend on what will hopefully be a positive trend of earnings estimate revisions (EPS) in the coming weeks, given Micron's AI growth and reassuring guidance. Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Micron Technology, Inc. (MU): Free Stock Analysis Report QUALCOMM Incorporated (QCOM): Free Stock Analysis Report Marvell Technology, Inc. (MRVL): Free Stock Analysis Report
CTV News
24 minutes ago
- CTV News
AI can help businesses find funding
Northern Ontario Watch In this week's Tech Talk, Tony Ryma finds out about an AI-generated funding search engine to help businesses access money from multiple sources.
Globe and Mail
37 minutes ago
- Globe and Mail
First Nations express concern about Alberta's data-centre strategy in open letter to province
A group of First Nations communities in Alberta is criticizing the province's electrical grid operator for how it will allot scarce power to proposed data centres, saying the approach undermines the goal of attracting the large facilities necessary for artificial-intelligence applications. Four First Nations chiefs wrote an open letter to Premier Danielle Smith and other government members on Thursday arguing the methodology used by the Alberta Electric System Operator (AESO) 'risks pitting smaller entities against each other for an insufficient share' of electricity. 'Alberta's current framework is capping our potential at the very moment we should be unleashing it,' the letter states. The letter was signed by the chiefs of Enoch Cree Nation, Alexis Nakota Sioux Nation, Alexander First Nation and Paul First Nation. Some proposed data centres in the province are located on the First Nations' territory. 'We're not on the sidelines. We are ready to invest and to help build,' said Chief Tony Alexis of Alexis Nakota Sioux Nation in an interview. In December, the provincial government launched an AI data-centre strategy to entice companies to build in Alberta, emphasizing its abundant natural gas resources for power generation. Alberta wants to attract massive data centres to power generative AI. But current infrastructure can't handle their near-endless demand for electricity The sales pitch may have worked too well. There are 29 projects requesting to be connected to more than 16,000 megawatts of electricity, which exceeds the peak consumption in Alberta. AESO said earlier this month it had identified 15 projects for consideration to connect to the grid, and that qualifying developers will receive a pro rata share of a total of 1,200 megawatts through to 2028. To qualify, developers have to show proof of financial security and letters of support from communities in which they intend to operate. 'The current policy slices new power capacity into portions too small for global tech giants,' Mr. Alexis said. Companies such as Microsoft MSFT-Q, Amazon AMZN-Q and Meta Platforms META-Q are among the biggest developers of AI, and require energy-hungry data centres to build and run the technology. By spreading out electricity among too many projects, the First Nations chiefs contend that Alberta may not be able to attract these companies. Canada's first AI Minister Evan Solomon on his plan to scale up the industry Paul Poscente, chief executive of Axxcelus Capital Advisory and investment adviser to Alexis Nakota Sioux Nation, said that AESO should rethink how it distributes electricity to allow for larger projects in the near-term. 'You need these big anchor tenants, at least one or two of them,' he said. 'We can provide for a bunch of these small guys in Phase 2.' The Premier's office referred a request for comment to the Minister of Affordability and Utilities. 'The short-term 1,200 megawatt limit is not a cap. It will enable data centre projects in advanced stages of planning and development to get started, while government works to develop a long-term framework,' wrote spokesperson Ashli Barrett in an e-mail, adding the government supports AESO's approach. Aaron Engen, the chief executive of AESO, said that even the large U.S. tech companies do not require massive amounts of electricity from the start. 'This concept that you've got to have 1,000 megawatts out of the gate or you've got nothing, it's not true,' he said. Companies can scale up over time, such as by building their own power generation or striking an agreement with an electricity producer. Mr. Engen said he had to keep the process fair as well. 'We as Albertans should be a little uncomfortable when the AESO or anybody in a position like us tries to pick winners and losers,' he said. AESO had to consider grid reliability and the potential cost of system upgrades to accommodate large electrical loads when devising its allotment strategy, Mr. Engen said, adding that it's looking at the next phase of development. 'It's about finding ways to facilitate everybody.' Capital Power LP CPX-T, which operates power generation assets in Canada and the U.S., made the same criticism as the First Nations chiefs earlier this month. The Edmonton-based company has a proposed data-centre campus for up to 1,500 megawatts, but could receive less than 250 megawatts under AESO's methodology. The provincial government, however, has been clear that its preference is for data-centre operators to supply their own power generation, so as not to overload the grid and ensure electricity prices remain stable. But some companies have argued that building new generation assets will take years, and there is a global race to build data centres for AI.
