Posted On: 11/20/2015 1:39:48 PM
Post# of 34
Great acquisition $AMRH - AMERI Holdings, Inc. Completes Acquisition of Bellsoft, Inc.
Bellsoft has a lot to offer;
"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
Bellsoft revenues estimated to be $20 million on an annual basis with adjusted EBITDA margins in the range of 5-10%(1)
Bellsoft's client base includes multiple Fortune 100 companies and other blue-chip clients
Bellsoft will significantly expand AMERI's geographic presence in the southeastern U.S.
Bellsoft adds over 175 highly-trained consultants, bringing AMERI's total resources count to approximately 225
Aligns with AMERI's previously announced aggressive acquisition strategy
Transaction expected to be immediately accretive to AMERI's earnings and cash flow on an adjusted basis"
http://www.otcmarkets.com/stock/AMRH/news?id=119782
Bellsoft has a lot to offer;
"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
Bellsoft revenues estimated to be $20 million on an annual basis with adjusted EBITDA margins in the range of 5-10%(1)
Bellsoft's client base includes multiple Fortune 100 companies and other blue-chip clients
Bellsoft will significantly expand AMERI's geographic presence in the southeastern U.S.
Bellsoft adds over 175 highly-trained consultants, bringing AMERI's total resources count to approximately 225
Aligns with AMERI's previously announced aggressive acquisition strategy
Transaction expected to be immediately accretive to AMERI's earnings and cash flow on an adjusted basis"
http://www.otcmarkets.com/stock/AMRH/news?id=119782
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