SSNT OVER $1.1M/Closes Largest Transaction in Comp
Post# of 25541
Posted On: 12/02/2013 9:00:41 AM
SSNT >>OVER $1.1M/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
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SilverSun Technologies undertakes no obligation to update these statements after the date of this release, except as required by law
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and also takes no obligation to update or correct information prepared by third parties that are not paid for by SilverSun Technologies.
Contact:
FOR MORE INFORMATION:
HANOVER|ELITE
Dodi Handy or Kathy Addison
407-585-1080
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