AmeriHoldings AMRH Stock News

Ameri Holdings Inc (NASDAQ: AMRH) is having a strong day in the market today as we near mid-day. The stock is up more than 9% after the comapny announced a cybersecurity-related partnership. Here’s what’s happening.

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AMRH Stock Runs On Partnership News

AMERI Holdings issued a press release early this morning, announcing a new partnership in the cyber-security space. In the release, the company said that it has partnered with Israeli cybersecurity company, Inpedio.

The partnership will leverage the sales and enterprise delivery teams at AMRH while offering new Inpedio cybersecurity technologies for sale to the company’s customer base in the United States. Importantly, the agreement is an exclusive cooperation agreement, making Ameri100 the only provider to offer these technologies in the region.

The goal here is to provide a well-roudned solution, using Inpedio technologies to address the cybersecurity needs of SAP enterprise customers. As a result, AMRH will be extending its IT solutions offerings to include remediation and cyber forensic services for customers who already have experienced damange due to cybersecurity failures.

Ameri100 also said that it is currently working to build IP to apply Inpedio’s technology within the SAP landscape. This includes work on an extension of this technology to Linux servers.

In the release, AMRH said that initial validation is currently underway with its larger customers. One of these customers includes a leading enterprise infrastructure managed service provider. This includes implementing a secure testing environment and demonstration of protection from active threat vectors.

In a statement, Brent Kelton, CEO at AMRH, had the following to offer:

The need for SAP-focused cybersecurity tools and services has gained prominence following the recent identification of 10KBLAZE. Through our partnership with Inpedio, we establish a greenfield opportunity with a cutting-edge cybersecurity provider while also extending our solutions offering and deepening our relationships with our enterprise customers.

This Is A Big Step

Ameri100 is quickly becoming a leader in SAP solutions. However, this sector requires top-of-the-line security, an area in which AMRH lacked. With today’s announcement, the comapny is taking a big step in the right direction to solidify its position as a leader in the space. All in all, this is a stock to watch!

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