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SilverSun Technologies, Inc. (SSNT) Expanding Footprint in Technology and Software Industry through Aggressive Acquisition Strategy

When small and medium sized companies need to improve their financial reporting and operational efficiencies, they turn to SilverSun Technologies. Specializing in software integration and deployment, programming and training, and technical support, the company is a leader in Enterprise Resource Planning (ERP) and financial accounting solutions across a broad spectrum of industries. Unlike traditional software resellers, SilverSun also provides a host of value-added services, ranging from programming and training to software customization and implementation assistance, in order to better address the needs of clients and their enterprise-wide initiatives.

SilverSun’s principal operating subsidiary, SWK Technologies, resells Sage Software’s ERP software, including ERP X3, MAS90 and MAS200, in addition to publishing the company’s own proprietary electronic data interchange software, MAPADOC. Over the past four years, MAPADOC has recorded impressive growth figures, and a recent entrance into the international market through an Australian distribution agreement should pave the way for continued growth into the future.

The company’s proprietary software as a service solution, BeerRun®, is also making serious waves for SilverSun. Last June, the software, which provides craft beer brewers with a cost-effective tool for the brewing, kegging, packaging and distribution of their products, was featured in an article published by the Washington Post, and it’s now taking the micro brewing industry by storm. Currently, BeerRun® is among the most widely used products for the management of brewing operations in the craft beer industry.

With a portfolio of over 20 proprietary software solutions that’s continuing to grow by the month (with seven acquisitions completed in the past three years), it’s no surprise that SilverSun continues to experience financial successes with each passing quarter. In November, the company announced its best quarterly results since its founding, with revenue increasing by nearly 40, and it didn’t stop there. The company’s 2014 year end results showed a total revenue increase of more than 23 percent, extending upon a compound annual growth rate of 32 percent over the past four years.

“[W]e are confident in our ability to accelerate SilverSun’s future growth and win enduring leadership in the business management solutions and consulting industry,” stated Mark Meller, Chairman, President and Chief Executive Officer of SilverSun. “We are implementing strategies that will empower us to continue scaling our business… while establishing entirely new standards of excellence for our industry.”

As SWK Technologies continues to catch the eye of industry analysts, having recently been recognized on Penton Technology’s MSPmentor 501 Global Edition report identifying the world’s top managed service providers, it’s becoming clear that SilverSun is just beginning to scratch the surface of its overall growth potential.

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