AMERI Holdings, Inc. (NASDAQ: AMRH), a specialized SAP cloud, digital and enterprise services company, today announced the appointment of Barry Kostiner as its Chief Financial Officer effective immediately. Reporting to Chief Executive Officer Brent Kelton, Kostiner succeeds Viraj Patel, who will remain with the Company through December 15, 2018 to ensure a smooth transition.
Brent Kelton, CEO of Ameri100, stated, “Barry’s growth-centric mindset, the breadth of his expertise in corporate finance, M&A and strategic planning will be critical in executing our M&A strategy under the direction of Dev Nidhi, our Founder and Vice Chairman, as we move to build scale in the fragmented SAP services market. Barry is a great addition to the team, and I look forward to partnering with him as we continue to execute against our strategic priorities and realize the full earnings power of our business model.”
Mr. Kostiner brings more than 20 years of finance, corporate strategy and leadership experience to Ameri100. He previously held senior leadership roles at emerging growth companies primarily in the energy and energy trading sectors where he demonstrated leadership in fund raising, due diligence and acquisitions. Most recently, Mr. Kostiner was an advisor on capital markets and business development matters to LinKay Technologies and an advisor on data analytics and mergers and acquisitions strategy for a national skilled nursing facilities company. Mr. Kostiner holds a BS in Electrical Engineering and MS in Applied Mathematics/Management Science from MIT Sloan School of Management’s Operations Research Center.
Mr. Kelton added, “Through Viraj’s leadership Ameri100 closed on multiple financing rounds, including the Company’s first public offering, and he led the integration of our acquired companies while establishing a cost-efficient organizational structure that resulted in the achievement of adjusted EBITDA profitability. The Board and I wish him the very best in his future endeavors.”
About Ameri100
Ameri100 is a specialized SAP® cloud, digital and enterprise services company which provides SAP® services to customers worldwide. Headquartered in Atlanta, Georgia, Ameri100 has offices in the U.S. and Canada. The Company also 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.
