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SilverSun Technologies Announces Subsidiary SWK Technologies Closes on Another Major Sage ERP X3 Sale(April 18, 2012)
LIVINGSTON, NJ -- (Marketwire) -- 04/18/12 -- SilverSun Technologies, Inc. (OTCBB: SSNT) (OTCQB: SSNT), a preferred source for best-of-breed business management applications and professional consulting services, today announced that its principal operating subsidiary, SWK Technologies, recently completed the sale of the Sage ERP X3 global enterprise solution to a major power generation facility in the Northeastern U.S.
The transaction was valued at more than $200,000.
Mark Meller, CEO of SilverSun Technologies, noted, "SWK continues on its path to become the pre-eminent reseller of Sage ERP X3 in North America. We have made a significant commitment to Sage ERP X3 in time and money, and our investment has been greatly rewarded. Our sales pipeline is strong, our consultants are extremely busy, and we regard Sage ERP X3 as an important component of our growth strategy in both 2012 and the years thereafter."
"The depth and breadth of the expertise we've developed in Sage ERP X3 has been recognized throughout the entire reseller channel," stated Jeffrey Roth, CEO of SWK. "We are often called upon by channel partners to jointly work on ERP X3 opportunities, and we have provided consulting services on situations where we were not actually involved in the sale of the software. As Sage ERP X3 continues its rapid penetration in the North American marketplace, SWK is well positioned to share in that rapid growth. We look forward to announcing additional Sage ERP X3 transactions in the very near future."
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 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.
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.
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