AMERI Holdings, Inc. Completes Acquisition of Bellsoft, Inc.

On Nov 20, 2015

AMERI Holdings, Inc., Princeton, (together with its affiliates, “Ameri100” or the “company”), a technology-management solutions firm that provides digital transformation and enterprise solutions to clients globally, announced the acquisition of Bellsoft, Inc., a Lawrenceville, Georgia-based global systems integrator specializing in providing Enterprise Resource Planning (ERP), CRM, business intelligence (BI) and other web-based solutions.  The acquisition will significantly expand Ameri100’s service lines and geographic presence in the southeast U.S. market.

“This is a landmark day for Ameri100’s customers, partners, and employees across the globe,” commented Giri Devanur, Chief Executive Officer of Ameri100.  Devanur further commented 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.

Paul Nathan, executive vice president of Bellsoft, added that, “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.”

According to CIO Review magazine, Ameri100 has been identified as one of the “50 most promising IT services companies in the U.S.”  With the acquisition of Bellsoft, Ameri100 further demonstrates its commitment to strengthening its capabilities in delivering IT services and products around the world.  The acquisition serves as a critical boost to Ameri100’s client acquisition plans and allows the Company to integrate its offshore business model with Bellsoft’s US-based operations to create significant synergies.

Bellsoft has historically generated adjusted EBITDA margins in the 5-10 percent range, but Ameri100 plans to leverage its offshore expertise and seamlessly integrate its hybrid U.S.-based and India-based business model into Bellsoft’s operations in order to reduce costs and increase margins over time.  Ameri100 believes that all synergies should be fully realized by the end of fiscal 2016.