Filed by Worldwide Webb Acquisition Corp. pursuant to
Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: Worldwide Webb Acquisition Corp.
Commission File No. 001-40920
The following article appeared on AlphaStreet at https://news.alphastreet.com/we-see-public-listing-as-the-next-logical-step-in-our-growth-as-an-organization-ceo-of-aeries/
We see public listing as the next logical step in our
growth as an organization: CEO of Aeries
In an email conversation with AlphaStreet, Aeries Technologys founder and chief executive officer
Sudhir Panikassery spoke about the company and its operations
June 30, 2023
Aeries Technology is a global services company providing technology, business process management and transformation services to some of the leading global
organizations. The company, which was founded in 2012, currently has over 1,600 professionals on staff.
Earlier this year, Aark Singapore Pte Ltd. and
its subsidiary Aeries Technology entered into a definitive agreement with Worldwide Webb Acquisition Corp. (NASDAQ: WWAC), under which Aeries Technology would become a publicly listed company. In an interview with AlphaStreet, Sudhir
Panikassery, the companys founder and chief executive officer, gave insights into the various aspects of the business.
Can you provide an
overview of Aeries Technology and its operations?
Aeries Technology is a global professional services and consulting partner for organizations in
transformation mode and their stakeholders including Private Equity sponsors and their portfolio companies. With a deep pool of over 1,600 global professionals specializing in technology services, business process management (BPM), and AI-driven digital transformation, we utilize engagement models designed to provide the right mix of deep vertical specialty, functional expertise, and the right systems, software, and solutions needed to scale,
optimize and transform our clients business operations.
The Aeries Way is purpose-built and future-ready, and the professionals we hire for our
clients are deeply integrated and treated as if they are part of the client team. These teams are built to be agile and help transform the cost structure of portfolio companies leading to a 65% annualized customer savings, on average. Founded
in 2012, weve been cash flow positive since 2013 and our business model has led to a customer lifetime value (LTV) of $2.3M in 2022, up from $1.7M in 2021.
How significant is the public listing, and where do you see Aeries Technology five years from now?
At the current state of our business evolution, the benefits of accessing the public markets are significant. Going public, and partnering with Daniel Webb and
his team at Worldwide Webb Acquisition Corp., will enable Aeries to accelerate our innovation capabilities for our clients and capitalize on the momentum weve built. Unlike many of the companies that have experienced difficulty taking the SPAC
route for a listing, Aeries has the established revenue, momentum, profitability, and growth needed to succeed as a public company. We believe our ability to be disruptive in our space will lead to 54% revenue growth and a 21% EBITDA margin for
CY23E.