AMERI100 AWARDED MULTI-YEAR MANAGED SERVICES CONTRACT FOR SAP APPLICATION SUPPORT AND MANAGEMENT BY GLOBAL TECHNOLOGY LEADER
By AMERI100, June 17, 2019
ATLANTA, GA., June 17, 2019 — AMERI Holdings, Inc. (NASDAQ: AMRH) (“Ameri100” or the “Company”), a specialized SAP® cloud, digital and enterprise services company, announced today that it has signed a multi-year, managed services contract with annual renewals with a leading global manufacturer and distributor in the printer, professional imaging, projector, scanner, system devices, and factory automation categories. As a result of the contract, the Company expects this blue-chip client to be a top-3 client by revenue in 2019. Financial terms of the contract were not disclosed.
Under the terms of the contract, Ameri100 will provide this client with across-the-board support and management of SAP applications – cloud, on-premise or hybrid – related to its ERP, HCM, eCommerce SAP applications as well as systems and applications adjacent to SAP. Ameri100 previously implemented multiple SAP-based applications for this client, including a global implementation of SAP ecommerce using the Hybris platform.
“This contract highlights our ongoing ability to cultivate opportunities for higher margin, recurring managed services revenue from implementation clients that is a key component to our strategy to shift our revenue mix to more profitable solutions sales,” stated Brent Kelton, chief executive officer of Ameri100. “We are very pleased to have secured this long-term contract that builds on our client’s trust and confidence in our ability to deliver expected results. This contract also sets the stage for further solutions sales opportunities in support of our client’s strategic transformation initiatives.”
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.
Barry Kostiner, Chief Financial Officer
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Sanjay M. Hurry
LHA Investor Relations