The deal will strengthen and expand Ameri100’s reach in the market. Yahoo Finance reported an acquisition price of approximately $5 million in cash and AMRH shares, plus the potential for a $1 million earn-out based on revenue and EBITDA performance in 2016 and 2017.
Headquartered in Lawrenceville, Georgia, Bellsoft is a technology consulting and systems integration company, specializing in implementing the complete suite of products offered by PeopleSoft, SAP, Oracle and J.D. Edwards. Bellsoft offers consulting, project management, implementation, and staffing services. Its current service offerings are in the areas of enterprise resource planning (ERP), business intelligence (BI), and cloud technologies. The company has offices in Dallas, Texas, Toronto, Canada and offshore centres in Chennai and Mumbai, India. The company client base includes multiple Fortune 100 companies.
Paul Nathan, Executive Vice President Bellsoft Inc., said in a statement:, "Bellsoft and Ameri100 as a combined entity will experience accelerated growth due to a competitive cost structure and superior client offerings. We are excited to deliver world-class solutions to our clients across the United States and globally."
Giri Devanur, CEO Ameri100, said in a statement: "This is a landmark day for Ameri100's customers, partners, and employees across the globe", and also added that: "Bellsoft is a well-established firm with 20 years of strategic consulting services to Fortune 100 clients." The Company believes that with this acquisition it is well positioned to provide additional services in digital transformation and ERP solutions to all of its clients.
New Jersey-based Ameri100 has been identified as one of the "50 most promising IT services companies in the United States, according to CIO Review magazine, a well-known tech-related magazine.
Based in New Jersey, Ameri100 is a next-generation management solutions firm. Ameri100 has assisted 2000 Global companies with innovative solutions, enabling customers to transform businesses with the integration of seamless processes. Ameri100 has combined lean technology innovation and deep business process expertise, and has continuously invested in innovative solutions such as the Langer Index, IBP and SimpleAPO.
About AMERI Holdings, Inc.
Headquartered in Princeton, New Jersey, AMERI Holdings, Inc. is a technology management solutions firm that provides digital transformation and enterprise solutions to its clients globally. AMERI Holdings Inc. is a global leader in consulting and technology solutions.
Image credit: Ameri100
AMERI Holdings Acquires Bellsoft, A Technology Consulting And System Integrator Company
Reviewed by Erwin Castro
on
November 21, 2015
Rating:
Reviewed by Erwin Castro
on
November 21, 2015
Rating:
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