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SilverSun Technologies Acquires Certain Assets of IncorTech, a Leading Sage Software Reseller in Southern California(January 24, 2012)
LIVINGSTON, NJ -- (Marketwire) -- 01/24/12 -- SilverSun Technologies, Inc. (OTCQB: SSNTA) announced today that the Company's subsidiary, SWK Technologies, Inc., the premier total solutions provider specializing in business software for manufacturers and distributors, has acquired the Sage software customer accounts of IncorTech, a Southern California-based Sage business partner.
Mark Meller, CEO of SilverSun, stated, "This transaction is but the first in a series of transactions we hope to close in 2012. Sales last year were up over 50% from the previous year, and we want to exceed that number in 2012. Our solid balance sheet, rapid growth, depth of expertise and resources, and position in the SMB marketplace make us particularly well positioned to achieve our aggressive growth plan in 2012."
Jeffrey D. Roth, CEO of SWK Technologies, commented, "This is a perfect fit for SWK. We look forward to integrating the existing IncorTech clients into our substantial installed base of current Sage customers. Our focus in Southern California will be to sell and support our MAPADOC integrated EDI solution and to market Sage ERP X3 to both former IncorTech customers, where suitable, and to new prospects."
Steve Birdwell, President of IncorTech, added, "For over 15 years, IncorTech has provided a professional accounting, technology, and business consulting services to over 300 clients. We are simply thrilled to have completed this transaction with SWK Technologies. We have worked with the SWK team for the past 10 years and have always been very impressed with the level of service they've provided to us and to our clients."
About SilverSun Technologies, Inc.
SilverSun Technologies is involved in the acquisition and build-out of technology and software companies. The Company's growth strategy is to acquire firms in this extensive and expanding, but highly fragmented segment, as it seeks to create substantial value for shareholders. Since June 2004, SilverSun has acquired SWK Technologies, Inc., Business Tech Solutions Group, Inc., Wolen Katz Associates, and AMP-BEST Consulting, Inc. For more information, visit www.silversuntech.com, www.swktech.com, www.mapadoc.com, or contact SilverSunTechnologies CEO Mark Meller at (973) 758-6108, by e-mail at email@example.com, or by Twitter at Mark_SSNT.
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
CEO Mark Meller
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