Sale Valued at Over $1,100,000
LIVINGSTON, NJ -- (Marketwired) -- 12/02/13 -- 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.
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Source: SilverSun Technologies, Inc.