SilverSun Technologies, Inc. (SSNT)

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SilverSun Technologies, Inc. (SSNT)

Postby QualityStocks » Wed Mar 14, 2012 2:08 pm

SilverSun Technologies, Inc., via wholly-owned subsidiary SWK Technologies, is a premier total solutions provider specializing in business software for manufacturers and distributors. Established in 1988, the company focuses on meeting the needs of small-sized and mid-sized businesses (“SMB” marketplace) with accounting and business management products, including SilverSun’s own proprietary software. The company also offers its own cloud-based solutions and provides network services (network configuration, data backup, 24/7 remote monitoring, etc.) to its clients.

SilverSun distinguishes itself from traditional software resellers by offering a wide range of value-added services, consisting primarily of programming, training, technical support, and other consulting and professional services. The company also provides software customization, data migration, business consulting, and implementation assistance for complex design environments. Currently, the company has over 1,000 active customers.

In addition to driving organic growth, SilverSun’s aggressive growth strategy includes acquiring firms in the extensive and expanding SMB marketplace to create substantial value for its shareholders, employees, and partners. SilverSun aims to leverage SWK Technologies as a platform to roll up and aggregate the best and brightest ERP resellers, as well as other software companies with proprietary products that serve the SMB marketplace. The company’s most recent acquisition was in January 2012.

In 2011, SilverSun increased sales 40% over the previous year and strengthened its balance sheet through the elimination of all outstanding debt. With organic sales accelerating, significant debt reduction, and great depth of expertise and resources, SilverSun is well positioned to become a dominant player in the growing business software marketplace.
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Re: SilverSun Technologies, Inc. (SSNT)

Postby armedical » Thu Mar 15, 2012 10:26 am

What stands out to me about their value to the market is that they offer“software customization, data migration, business consulting, and implementation assistance for complex design environments.”
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Re: SilverSun Technologies, Inc. (SSNT)

Postby QualityStocks » Thu Mar 15, 2012 10:43 am

SilverSun Technologies, Inc. (SSNT) Announces Ticker Symbol Change

SilverSun Technologies today reported that the trading symbol of its common stock has been changed to SSNT, effective Thursday, March 15, 2012.

Mark Meller, CEO of SilverSun, stated, “We are pleased to announce the ticker change has been put into effect by Finra. However, it could take up to 5 days for all quotation services to update their records of the ticker symbol change.”

Engaged in the acquisition and build-out of technology and software companies, SilverSun is executing an aggressive growth strategy within the extensive and expanding, but highly fragmented, business solutions marketplace. Since June 2004, SilverSun has acquired SWK Technologies, Inc., Business Tech Solutions Group, Inc., Wolen Katz Associates, and AMP-BEST Consulting, Inc.

Through its subsidiaries, SilverSun meets the needs of small-sized and mid-sized businesses (“SMB” marketplace) with accounting and business management products, including its own proprietary software. The company also offers cloud-based solutions and a wide range of value-added services.
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Re: SilverSun Technologies, Inc. (SSNT)

Postby mwest » Thu Mar 15, 2012 8:37 pm

I like the fact that they offer unique services that are not offered by others such as programming and training to name a few and this has brought them many active clients
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Re: SilverSun Technologies, Inc. (SSNT)

Postby stockseeker30 » Thu Mar 15, 2012 9:46 pm

That's true I think they mentioned over 1,000 clients.
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Re: SilverSun Technologies, Inc. (SSNT)

Postby protostars » Fri Mar 16, 2012 6:42 am

The move will increasingly be toward cloud-based solutions.
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Re: SilverSun Technologies, Inc. (SSNT)

Postby mwest » Fri Mar 16, 2012 7:33 pm

Impressive that they have already acquired 4 companies and working on many more.
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Re: SilverSun Technologies, Inc. (SSNT)

Postby stockseeker30 » Fri Mar 16, 2012 8:26 pm

Shows the sign of a solid company for sure.
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Re: SilverSun Technologies, Inc. (SSNT)

Postby protostars » Mon Mar 19, 2012 6:07 am

SilverSun differentiates itself from traditional software resellers through their various value-added services, such as programming, training, technical support, and other consulting and professional services.
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Re: SilverSun Technologies, Inc. (SSNT)

Postby armedical » Mon Mar 19, 2012 5:33 pm

When you provide an all in one service, the product becomes more appealing to the consumer.
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Re: SilverSun Technologies, Inc. (SSNT)

Postby mwest » Mon Mar 19, 2012 9:27 pm

It also ensures that SSNT can put themselves in the position to get the most revenue possible.
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Re: SilverSun Technologies, Inc. (SSNT)

Postby stockseeker30 » Mon Mar 19, 2012 9:33 pm

Why allow money to walk out of the other door? ensure that all doors lead to you and that is what SSNT is doing.
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Re: SilverSun Technologies, Inc. (SSNT)

Postby protostars » Tue Mar 20, 2012 8:48 am

Their aggressive acquisition policy has helped drive this.
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Re: SilverSun Technologies, Inc. (SSNT)

Postby armedical » Tue Mar 20, 2012 9:32 pm

Yes they are not only actively promoting their product but they are pursuing companies that have product they can market as well.
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Re: SilverSun Technologies, Inc. (SSNT)

Postby mwest » Tue Mar 20, 2012 10:35 pm

They have shown great ability to continue to imporve themselves over the previous year, and at this rate they are over 40% in more increases.
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Re: SilverSun Technologies, Inc. (SSNT)

Postby stockseeker30 » Tue Mar 20, 2012 10:54 pm

Wow almost a 43% increase today thats major.
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Re: SilverSun Technologies, Inc. (SSNT)

Postby protostars » Wed Mar 21, 2012 7:28 am

A real roller coaster ride over the past months.
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Re: SilverSun Technologies, Inc. (SSNT)

Postby mwest » Wed Mar 21, 2012 9:25 pm

With cyber crime on the rise, the 24/7 monitoring that is performed by SSNT can really put their clients minds at rest.
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Re: SilverSun Technologies, Inc. (SSNT)

Postby stockseeker30 » Wed Mar 21, 2012 9:51 pm

Nice 17% increase in the market today
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Re: SilverSun Technologies, Inc. (SSNT)

Postby protostars » Thu Mar 22, 2012 7:24 am

SWK Technologies, of which SilverSun is the parent company, is a leading Sage Software Partner in the New York City area, New Jersey, and New York state.
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