Oxford, MS 7/28/2011 (PennyPayDay) -- SilverSun Technologies, Inc. (OTCQB: SSNTD) announced today, in a press release, that the company's wholly owned subsidiary, SWK Technologies, Inc., the premier total solutions provider specializing in business software for manufacturers and distributors, has closed on a software sale valued at over $150,000.The transaction involves the sale of Sage ERP MAS 200 SQL software and attendant consulting services.
In a separate development, SWK successfully secured the first client for its proprietary Brewery Management System ("BMS"). BMS, which is a cloud-based application designed for microbreweries and their distributors that integrates with Sage Software solutions, offers a real-time view of all orders for management, distributors and customers. A beta version of BMS will be installed at a craft brewery producing about 20,000 barrels per year of beer.
Mark Meller, CEO of SilverSun, stated, "We are pleased to announce these two transactions. Sales continue to be robust, despite the uncertain economy. Our company's reputation for depth of expertise, talent, quality, and service has placed us in the enviable position of quoting on ever more significant opportunities. We have high expectations for the balance of 2011."
Jeffrey D. Roth, CEO of SWK Technologies, said, "The BMS transaction is particularly exciting since the product was first launched only 2 short weeks ago at Sage Summit. The response to this cloud-based solution has been extraordinary, and we are following up with a large number of leads that were generated at Summit. Sales momentum continues at a record pace, and we look forward to announcing more exciting deals in the very near future."
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.
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