SilverSun Technologies, Inc. (OTCBB: SSNT) (OTC: SSNT) said its subsidiary, SWK Technologies, Inc., has signed a letter of intent to acquire ESC Software.
The deal is expected to add more than USD1,700,000 in annual revenue and will be immediately accretive to SilverSun´s earnings. It is anticipated that the transaction will close on or before April 30, 2014. The terms of the transaction were not disclosed.
Founded in 1989, ESC Software is one of the Southwest´s providers of business management software for growing companies of all sizes and industries. ESC Software provides a full breadth of services such as pre-sales consulting, needs analysis, system review and design, implementation, training, support and strategic planning. Its website is at http://www.escsoftware.com/
SilverSun Technologies is involved in the acquisition and build-out of technology and software companies. Its website is at www.silversuntech.com.