SOURCE: SilverSun Technologies, Inc.

SilverSun Technologies, Inc.

October 09, 2012 09:15 ET

SilverSun Technologies Closes Second Largest Transaction in Company History

Sage ERP X3 Sale Valued at Over $650,000

LIVINGSTON, NJ--(Marketwire - Oct 9, 2012) - SilverSun Technologies, Inc. (OTCBB: SSNT) (OTCQB: SSNT) today announced that its wholly owned subsidiary, SWK Technologies, a preferred source for best-of-breed business management applications and professional consulting services, has closed on a software sale valued at over $650,000. 

The transaction involves the sale of Sage Software's ERP X3 software and attendant consulting services. The customer is a specialty chemical distributor headquartered in the Midwest.

Mark Meller, Chairman and CEO of SilverSun Technologies, stated, "SWK's commitment to Sage ERP X3 continues to bear fruit. We made a very large investment in order to train people in our organization on Sage ERP X3, and we are now the leading Sage ERP X3 reseller in North America. While the sales cycle on Sage ERP X3 deals may be longer, the size of the transactions are larger, and as a result, we anticipate announcing additional significant deals in the near future. We expect that the financial results of 2012 will be a record for our Company." 

Andrew Nunez, Executive Vice President of Sales for SWK Technologies, said, "We are very pleased to be able to announce the closing of this transaction. It was a lot of work, but 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. Our pipeline is strong, and continues to grow, partly because our reseller partners look to refer Sage ERP X3 deals to us. This transaction was, in fact, a referral from a reseller partner. As a result, we look forward to announcing more exciting deals 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.

Forward-Looking Statements
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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