SilverSun Technologies, Inc. (OTCBB: SSNT) (OTCQB: SSNT) announced today that its wholly owned subsidiary, SWK Technologies, Inc., a national provider of transformational business technology solutions and services, has signed a letter of intent to acquire ESC Software, a leading Arizona-based reseller of Sage Software and Acumatica applications. Founded in 2000, ESC has implemented technology solutions at prominent companies throughout the Southwest.
The deal is expected to add more than $1,700,000 in annual revenue and will be immediately accretive to SilverSun’s earnings. It is anticipated that the transaction, which is subject to the signing of definitive agreements and customary closing conditions, will close on or before April 30, 2014. The terms of the transaction were not disclosed.