SilverSun Applied sciences Indicators Letter of Intent to Purchase Human Capital Administration Division of PeopleSense

0
369

Get instant notifications when news about your stocks is posted. Request your 1-week free trial at StreetInsider Premium here.

EAST HANNOVER, NJ / ACCESSWIRE / March 30, 2021 / SilverSun Technologies, Inc. (NASDAQ: SSNT), a national provider of transformative business software applications and managed IT services, announced today that its wholly-owned subsidiary SWK Technologies, Inc. has signed a letter of intent to acquire human capital (“HCM “) from PeopleSense, Inc. (” PS “), a leading Chicago-based reseller of Sage Software’s human resource management solutions. For the past 18 years, PeopleSense has implemented HCM solutions for customers in more than half of the United States, Canada, Puerto Rico, and the US Virgin Islands.

SilverSun’s subsidiary, SWK Technologies, is one of Sage’s largest business partners in North America. While the focus in the past was on enterprise resource planning (ERP), warehouse management systems (WMS), business intelligence (BI), customer relationship management (CRM) and other applications, the company founded an HCM department in 2018 to better serve its tasks 5000 customers with a wider range of technology solutions. Since then, SWK’s HCM division has grown into one of the fastest growing divisions in the entire company.

Mark Meller, CEO of SilverSun and SWK stated, “The COVID-19 pandemic has created unexpected HCM projects and challenges, and accelerated the impact of new technologies on transformation. Covid has made remote working the new normal HCM is an even more important tool for our customers as they need to ramp up the use of technology to track employees, connect and communicate with employees, support their development and wellbeing, and perform workforce planning and recruitment. “

James Castellano, President of PeopleSense, commented, “Our companies have worked together in the past and we know each other well. The customer-centric approach and culture at SWK is almost identical to ours. Their team’s skills are exceptional and both companies share the same Corporate Values. There are tremendous opportunities ahead, and the size and scope of the combined organizations will enable SWK to take full advantage of those opportunities. “

The transaction, which requires final agreements and customary closing conditions to be signed, is expected to close in the second quarter of 2021.

About SilverSun Technologies, Inc.

We are a business applications, technology and consulting company providing software and IT solutions to meet the information, technology and business management needs of our customers. Our services and technologies enable customers to manage, protect and monetize their company resources on site or in the “cloud”. As a value-added reseller of business application software, we offer solutions for accounting and corporate management, financial reporting, enterprise resource planning (“ERP”), warehouse management systems (“WMS”), customer relationship management (“CRM”), business intelligence (“BI”) , Human Capital Management (“HCM”) and other business applications. Our value-added services focus on consulting and professional services, specialized programming, training and technical support. We have a dedicated network managed services practice that provides cybersecurity, application hosting, disaster recovery, business continuity, cloud and other services. Our customers are nationwide and focus on the metropolitan area of ​​New York / New Jersey, Chicago, Arizona, Southern California, North Carolina, Washington and Oregon.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, that affect, among other things, our plans, strategies and prospects – both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested in these forward-looking statements are reasonable, we cannot assure you that we will achieve or actualize those plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as “believe,” “expect,” “anticipate,” “should,” “plan,” “will”. may include “intend”, “estimate” and “potentially”. Important factors that could cause actual results to differ materially from the forward-looking statements in this press release include market conditions and those contained in reports or documents that we may from time to time with the US Securities and Exchange Commission. Submit. All forward-looking statements attributable to SilverSun Technologies, Inc. or any person acting on its behalf are expressly qualified in their entirety by this cautionary language.

Contact:

Corporate
Mark Meller
SilverSun Technologies, Inc.
973-758-6108
[email protected]

SOURCE: SilverSun Technologies, Inc.

View source version on accesswire.com:
https://www.accesswire.com/637897/SilverSun-Technologies-Signs-Letter-of-Intent-to-Acquire-Human-Capital-Management-Division-of-PeopleSense