SilverSun Technologies Closes Largest Transaction in Company History
December 02 2013 - 8:00AM
Marketwired
SilverSun Technologies Closes Largest Transaction in Company
History
Sale Valued at Over $1,100,000
LIVINGSTON, NJ--(Marketwired - Dec 2, 2013) - SilverSun
Technologies, Inc. (OTCBB: SSNT) (OTCQB: SSNT) today announced
that its wholly owned subsidiary, SWK Technologies, a premier
provider of best-of-breed business software solutions and cloud
technology services, has closed on a software sale valued at over
$1,100,000.
The transaction involves the sale of Sage Software's ERP
X3 software and attendant consulting services. The customer is
an international footwear manufacturer.
Mark Meller, Chairman and CEO of SilverSun Technologies, stated,
"SWK's commitment to Sage ERP X3 continues to pay
substantial dividends for our Company. We are now the leading
Sage ERP X3 reseller in North America, and our sales
pipeline is very deep. Prior to our involvement with Sage ERP X3,
our Company's largest transaction was for roughly $300,000. We
eclipsed that figure with our very first ERP X3 transaction, in
2012, which was for roughly $700,000. That figure has been
shattered yet again by this recent sale. The financial results of
2013 will be a record for our Company."
Jeffrey D. Roth, CEO of SWK Technologies, said, "We can now
successfully compete with Tier 1 vendors, like SAP and Oracle. Our
Company's reputation for depth of expertise, talent, quality and
service has placed us in the enviable position of being able to
compete and win these substantial opportunities. We anticipate
announcing additional significant deals in the near future, and we
are forecasting that we will continue to realize superior growth in
2014."
About SilverSun Technologies, Inc. Headquartered in Livingston,
New Jersey, SilverSun Technologies is involved in the acquisition
and build-out of technology and software companies engaged in
providing best of breed software solutions and cloud technology
services to small and medium size businesses (SMBs) in the
manufacturing, distribution and service industries. Serving as
SilverSun's principal operating subsidiary, SWK Technologies, Inc.
employs a national direct sales and consulting team currently
serving a growing customer base spanning 38 U.S. states and Canada.
For more information, please visit www.silversuntech.com,
www.swktech.com or www.mapadoc.com.
Forward-Looking Statements This press release may
contain forward-looking statements, including information about
management's view of SilverSun Technologies' future expectations,
plans and prospects. In particular, when used in the preceding
discussion, the words "believes," "expects," "intends," "plans,"
"anticipates," or "may," and similar conditional expressions are
intended to identify forward-looking statements. Any statements
made in this news release other than those of historical fact,
about an action, event or development, are forward-looking
statements. These statements involve known and unknown risks,
uncertainties and other factors, which may cause the results of
SilverSun Technologies, its subsidiaries and concepts to be
materially different than those expressed or implied in such
statements. Unknown or unpredictable factors also could have
material adverse effects on SilverSun Technologies' future results.
The forward-looking statements included in this press release are
made only as of the date hereof. SilverSun Technologies cannot
guarantee future results, levels of activity, performance or
achievements.
Accordingly, you should not place undue reliance on these
forward-looking statements. Finally
,
SilverSun Technologies undertakes no obligation to update
these statements after the date of this release, except as required
by law
,
and also takes no obligation to update or correct
information prepared by third parties that are not paid for by
SilverSun Technologies.
FOR MORE INFORMATION: HANOVER|ELITE Dodi Handy or Kathy Addison
407-585-1080 Email Contact
SilverSun Technologies (NASDAQ:SSNT)
Historical Stock Chart
From Aug 2024 to Sep 2024
SilverSun Technologies (NASDAQ:SSNT)
Historical Stock Chart
From Sep 2023 to Sep 2024