ATLANTA, July 10, 2019 (GLOBE NEWSWIRE) -- AMERI Holdings, Inc. (NASDAQ: AMRH) (“Ameri100” or the “Company”), a specialized SAP® cloud, digital and enterprise solutions company, today announced that it has expanded its relationship with an existing client, a Fortune 500 global consumer products company based in Atlanta, to provide application managed services (AMS). Under the terms of the contract, Ameri100 will provide the company with support, monitoring and management of SAP applications, in addition to database, server infrastructure and Unix systems. Financial terms of the contract were not disclosed.
“We are pleased to expand our footprint within an existing client through the delivery of AMS to increase efficiency and cut costs. Managed services contracts are a key component of our solution sales strategy and are integral to our ability to establish long-term client relationships that can serve as a platform for launching high margin solution projects,” stated Brent Kelton, chief executive officer of Ameri100.
Ameri100 is actively focused on expanding its managed services business. AMS services is a key part of Ameri100’s expansion of its Cloud Digital and Enterprise (CDE) initiative, focusing on deepening customer relationships with long-term, recurring and higher margin services. In addition to expanding its own managed services business with direct clients, Ameri100 is also negotiating with other large global managed service companies to provide services, including application and infrastructure support using both domestic and offshore resources. Managed services generate high margin, long-term deployment of Ameri100 resources and establishes a platform for providing high value services such as SAP cloud and digital implementations and cybersecurity.
About Ameri100
Ameri100 is a fast-growing specialized SAP® cloud, digital and enterprise services company which provides SAP® services to customers worldwide. Headquartered in Suwanee, Georgia, Ameri100 has offices in the U.S. and Canada. The Company also has global delivery centers in India. With its bespoke engagement model, the Company delivers transformational value to its clients across industry verticals. For further information, visit www.ameri100.com
Forward-Looking Statements
This press release includes forward-looking statements that relate to the business and expected future events or future performance of Ameri100 and involve known and unknown risks, uncertainties and other factors that may cause its actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Words such as, but not limited to, "believe," "expect," "anticipate," "estimate," "intend," "plan," "targets," "likely," "will," "would," "could," and similar expressions or phrases identify forward-looking statements. Forward-looking statements include, but are not limited to, statements about Ameri100's financial and growth projections as well as statements concerning our plans, predictions, estimates, strategies, intentions, beliefs and other information concerning our business and the markets in which we operate. The future performance of Ameri100 may be adversely affected by the following risks and uncertainties: the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions around the world, and other risks not specifically mentioned herein but those that are common to industry. For a more detailed discussion of these factors and risks, investors should review Ameri100's reports on Form 10-K and other reports filed with the Securities and Exchange Commission (the “SEC”), which can be accessed through the SEC's website. Forward-looking statements in this press release are based on management's beliefs and opinions at the time the statements are made. All forward-looking statements are qualified in their entirety by this cautionary statement, and Ameri100 undertakes no duty to update this information to reflect future events, information or circumstances.
Corporate Contact:
Barry Kostiner, Chief Financial Officer
IR@ameri100.com
Investor Relations Contact:
Sanjay M. Hurry
LHA Investor Relations
(212) 838-3777
IR@ameri100.com