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Sterling National Bank Closes $10MM Credit Facility With Ameri100

July 07, 2016, 07:59 AM
Filed Under: Consulting Services

AMERI Holdings, Inc., a SAP-based strategy consulting firm that brings synergies of classic technology consulting and product-based technology consulting services to its customer base,announced that on July 1, 2016 it closed a $10 million credit facility with Sterling National Bank, principal subsidiary of Sterling Bancorp. The company plans to use this line of credit to further its expansion strategy of acquiring SAP-based IT services and consulting companies.

President and Chief Executive Officer Giri Devanur commented, "This credit facility strengths our capacity to continue to grow through strategic acquisitions." Devanur further added, "We believe Sterling National Bank will be a strong financial partner with the capacity to support our growth objectives."

Stephen Leavenworth, Division President at Sterling National Bank, commented, "We believe Ameri100 is poised to expand at a fast pace going forward and are proud to partner with Ameri100 through this credit facility."

AMERI Holdings, Inc. is a SAP-based strategy consulting firm that brings synergies of classic consulting and product-based consulting services to its customer base. Headquartered in Princeton, New Jersey with offices in New York, Atlanta, Dallas, and Toronto, as well as offshore centers in Bangalore, Mumbai, and Chennai India, the company is a global leader in consulting and technology solutions.

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