SilverSun Technologies Acquires Partners in Technology
January 07 2019 - 8:26AM
via NEWMEDIAWIRE -- SilverSun Technologies, Inc.
(NASDAQ: SSNT) announced today that its wholly owned
subsidiary, SWK Technologies, the premier total solutions provider
specializing in business software applications, has acquired
Partners in Technology, Inc. (“PIT”).
PIT, which was founded in 1999, is a leading
reseller of Sage Software solutions, servicing over 160 customers
in the Chicago area. The company’s 2018 revenue exceeded
$1,000,000, and the purchase price was $234,000, including $60,000
cash and a $174,000 3-year promissory note.
Mark Meller, CEO of SilverSun, stated, “PIT and
SWK are ideal fits for each other. Merilyn Van Zwieten has
done a wonderful job in building a high-quality organization.
The talent, skills and expertise that she brings to SWK will enable
us to rapidly expand our Chicago presence, which began with our
previous acquisition years ago of Hightower, Inc. With
our large and established customer base, plus the energy and
experience of Merilyn and her team, we plan on becoming a dominant
force in the SMB marketplace in the Midwest.”
Merilyn Van Zwieten, President of PIT, stated,
“Our companies have worked together for many years, and we know
each other well. The customer‐focused approach and corporate
culture at SWK is almost identical to ours. The skill set of their
team is exceptional, and both companies share the same corporate
values. We have tremendous opportunities in front of us, and the
size and scale of the combined organizations will provide us with
the resources to take full advantage of these opportunities.
We’re better together, and clients on both sides will benefit from
this transaction.”
About SilverSun Technologies,
Inc.
We are a business application, technology and
consulting company providing strategies and solutions to meet our
clients' information, technology and business management needs. Our
services and technologies enable customers to manage, protect and
monetize their enterprise assets whether on-premise or in the
"Cloud". As a value added reseller of business application
software, we offer solutions for accounting and business
management, financial reporting, Enterprise Resource Planning
("ERP"), Warehouse Management Systems, Customer Relationship
Management, and Business Intelligence. Additionally, we have our
own development staff building software solutions for Electronic
Data Interchange, time and billing, and various ERP enhancements.
Our value-added services focus on consulting and professional
services, specialized programming, training, and technical support.
We have a dedicated network services practice that provides managed
services, hosting, business continuity, cloud, e-mail and web
services. Our customers are nationwide, with concentrations in the
New York/New Jersey metropolitan area, Chicago, Dallas, Arizona,
Seattle, Greensboro, and Southern California.
Forward-Looking Statements
This news release includes forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934, as
amended, regarding, among other things our plans, strategies and
prospects -- both business and financial. Although we believe that
our plans, intentions and expectations reflected in or suggested by
these forward-looking statements are reasonable, we cannot assure
you that we will achieve or realize these plans, intentions or
expectations. Forward-looking statements are inherently subject to
risks, uncertainties and assumptions. Many of the forward-looking
statements contained in this news release may be identified by the
use of forward-looking words such as "believe," "expect,"
"anticipate," "should," "planned," "will," "may," "intend,"
"estimated," and "potential," among others. Important factors that
could cause actual results to differ materially from the
forward-looking statements we make in this news release include
market conditions and those set forth in reports or documents that
we file from time to time with the United States Securities and
Exchange Commission. All forward-looking statements attributable to
SilverSun Technologies, Inc. or a person acting on its behalf are
expressly qualified in their entirety by this cautionary
language.
Contact
SilverSun Technologies
Mark Meller
CEO
(973) 758-6108
meller@silversuntech.com
SilverSun Technologies (NASDAQ:SSNT)
Historical Stock Chart
From Mar 2024 to Apr 2024
SilverSun Technologies (NASDAQ:SSNT)
Historical Stock Chart
From Apr 2023 to Apr 2024