PRINCETON, N.J., Feb. 15, 2018 /PRNewswire/ -- AMERI Holdings, Inc. (NASDAQ: AMRH) ("Ameri100"), a specialized SAP® cloud, digital and enterprise services company, today announced that it has secured a competitive win to implement SAP Big Data analytics solutions with Maiden RE, a US based reinsurer providing property & casualty treaty, casualty facultative, and accident and health reinsurance. The win, reflective of Ameri100's deep digital subject matter expertise, follows a successful business intelligence and analytics proof-of-concept project. Ameri100 will combine IoT techniques with Big Data techniques to integrate multiple sources of structured and unstructured data to offer Maiden RE a 360-degree view of its customers to enable it to drive product and service improvements and make better business decisions. The data collected will also set the groundwork for machine learning and artificial intelligence for risk assessment.
"With the proliferation of customer touchpoints – mobile, video customer support, online communities, social media platforms and more – and the resulting explosion in data, the use of Big Data analytics to discover deeper business insights and compete smarter is an imperative for enterprises seeking to enhance customer experiences, drive business decisions and enable new revenue streams," said Brent Kelton, Chief Executive Officer of Ameri100. "As enterprises migrate to cloud-based software and services, the premier professional services practice and close partnerships we have established position us to compete effectively in the large and fast-growing SAP services market."
Ameri100 is a fast-growing specialized SAP® cloud, digital and enterprise services company which provides SAP® services to customers worldwide. Headquartered in Princeton, New Jersey, Ameri100 has offices in the U.S. and Canada. Ameri100 also has global delivery centers in India. With its bespoke engagement model, Ameri100 delivers transformational value to its clients across industry verticals. For further information, visit www.ameri100.com.
About Maiden Holdings, Ltd.
Maiden Holdings, Ltd. is a Bermuda-based holding company formed in 2007. Through its subsidiaries, which are each A rated (excellent) by A.M. Best, the Company is focused on providing non-catastrophic, customized reinsurance products and services to small and mid-size insurance companies in the United States and Europe. As of September 30, 2016, Maiden had $6.5 billion in assets and shareholders' equity of $1.6 billion.
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.
Viraj Patel, Chief Financial Officer
Investor Relations Contact:
Jody Burfening/Sanjay M. Hurry
LHA Investor Relations
View original content with multimedia:http://www.prnewswire.com/news-releases/ameri100-secures-competitive-big-data-win-with-maiden-re-300598777.html