SilverSun Technologies Sells MAPADOC EDI Division
SilverSun Technologies, Inc. (SSNT)
NASDAQ:AMEX Investor Relations:
ir.silversuntech.co
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Source: GlobeNewswire
Proprietary Product Line Sold for $11.5 Million EAST HANOVER, NJ, Aug. 27, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- SilverSun Technologies, Inc. (NASDAQ: SSNT), a national provider of transformational business technology solutions and services, today announced that its wholly-owned subsidiary, SWK Technologies, Inc., has sold its MAPADOC EDI division, including all related intellectual property, to SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail cloud services. The purchase price was $11.5 million cash. Mark Meller, CEO of the Company, stated, “We have had a long and profitable partnership with SPS for many years. Our teams work seamlessly together, and both organizations focus on delivering the best customer experience possible. This transaction ensures that our team, our customers and our partners will continue to be part of an ecosystem headed by a world-class organization intent on continuing the long tradition of excellence and service SWK Technologies has e
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