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Ameri100 Displaces Incumbent for New SAP SuccessFactors Application Support Contract
[November 25, 2019]

Ameri100 Displaces Incumbent for New SAP SuccessFactors Application Support Contract


ATLANTA, Nov. 25, 2019 (GLOBE NEWSWIRE) -- AMERI Holdings, Inc. (NASDAQ: AMRH) (“Ameri100”), a specialized SAP® cloud, digital and enterprise solutions company, announced today that it has been awarded a SuccessFactors application support contract by an existing high-tech customer that displaces a much larger incumbent vendor. The customer’s operations span multiple industries, including retail and manufacturing, with over 85,000 employees worldwide and approximately 2,000 employees in its U.S. division. Ameri100 will support and enhance the integration of the customer’s SuccessFactors Human Experience Management (HXM) Business Suite implementation. SuccessFactors is integral to the customer’s ability to attract and retain personnel tasked with developing solutions in the retail and manufacturing industries. Ameri100 will also utilize SAP’s Cloud Platform Integration (CPI) middleware to create and maintain interfaces with third-party vendors, such as automated payroll services and benefits providers.

“This award highlights our continuing ability to expand our services footprint within existing customers to generate additional revenues. We are especially pleased to have secured a strategic win against a much larger incumbent support vendor that is a testament not only to our SAP expertise but also to the value customers place in our services,” said Brent Kelton, chief executive officer of Ameri100.

About Ameri100
Ameri100 is a specialized SAP® cloud, digital and enterprise solutions company which provides SAP® services to customers worldwide. Headquartered in Suwanee, Georgia, Ameri100 has offices in the U.S. and Canada. The Company als 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 Annual Report 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

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