LIVINGSTON, NJ -- (Marketwire) -- 03/05/13 -- SilverSun Technologies, Inc. (OTCBB: SSNT) (OTCQB: SSNT), a company engaged in delivering transformational business technology solutions and services, today announced that its principal operating subsidiary, SWK Technologies (SWK), finished 2012 with record revenue and record recurring revenue for its Network Services division. The Company expects to report that gross revenue for the division will exceed $1.5 million for the year, and recurring revenue will exceed $700,000.
A business can have truly great software and a great IT staff; but if the network infrastructure is not secure, efficient and productive, the company will face problems that lead to lost profits, decreased customer loyalty and data integrity. Recovering from these problems takes months, and in some cases, years. SWK provides comprehensive network services designed to eliminate the worries.
NetUp™ by SWK offers round-the-clock server support, network management and preventive care. Leveraging the power of NetUp, SWK can resolve issues before they occur, reducing network downtime and eliminating costly maintenance calls. Best of all, the Company offers its clients complete information protection and security. With a server and workstation service running silently on SWK's system, its clients avoid computer crashes and downtime, quickly diagnosis tech issues, fix or avoid problems that impact its operations, and protect its profits.
Similarly, many companies panic when faced with a manmade or natural disaster because they have not invested in backup, disaster recovery and business continuity solutions. SWK removes panic and frustration with a variety of backup and disaster recovery solutions. SWK's solutions allow its clients to frequently and easily backup onsite or offsite with no minimum gig requirement.
Mark Meller, Chairman and CEO of SilverSun Technologies, commented, "SWK's network services business has grown 116% in the last four years. Most importantly, recurring revenue generated by the network group has grown 143% in that same timeframe. With our network group currently offering its services to companies strictly in the New York metropolitan area, our 2013 growth strategy calls for us to scale and replicate this business line through expansion initiatives in Chicago, the Southeast, Orange County, and other areas where we have a physical presence. We continue to seek strategic opportunities to increase our monthly and annual recurring revenue streams, and we look forward to making announcements in the near future regarding important developments in this regard."
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 management applications and professional consulting 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 national direct and channel sales teams, and a consulting team, all of which serve a growing customer base spanning the United States and Canada. For more information, please visit www.silversuntech.com, www.swktech.com or www.mapadoc.com.
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, PLEASE CONTACT: HANOVER|ELITE Dodi Handy or Kathy Addison 407-585-1080 or via email at Email Contact
Source: SilverSun Technologies, Inc.