SilverSun Technologies, Inc.
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- SilverSun Technologies, Inc. (SSNT) operates as a business application, technology, and consulting company that provides software and IT solutions to small and medium-sized businesses in manufacturing, distribution, and service sectors nationwide, with concentrations in the New York/New Jersey metropolitan area, Chicago, Arizona, Southern California, Connecticut, North Carolina, Washington, Oregon, and Illinois; the company offers solutions including accounting and business management software, financial reporting, enterprise resource planning (ERP) such as Sage, human capital management (HCM), warehouse management systems (WMS), customer relationship management (CRM), business intelligence (BI), electronic data interchange (EDI), time and billing enhancements, and proprietary ERP add-ons developed in-house, alongside value-added services encompassing consulting, professional services, specialized programming, training, technical support, managed IT services featuring cybersecurity, application hosting, disaster recovery, business continuity, cloud infrastructure, data backup, and network maintenance. Founded in 1988 and headquartered in East Hanover, New Jersey, SilverSun Technologies maintains operations through subsidiaries like SWK Technologies, Inc., a major North American Sage partner serving over 400 clients. In June 2024, the company completed a $1 billion equity investment led by Jacobs Private Equity II, LLC ($900 million) with co-investors including Sequoia Heritage ($100 million), appointed Brad Jacobs as chairman and CEO, underwent a one-for-eight reverse stock split, changed its name to QXO, Inc., and shifted its ticker to QXO on Nasdaq while retaining and scaling SWK Technologies under the new structure to pursue accretive acquisitions and organic growth targeting tens of billions in annual revenue, primarily in building products distribution; prior changes include the November 2023 acquisition by SWK Technologies of JCS Computer Resource Corporation's assets, adding over 350 Sage 100 customers and expanding Midwest presence.
Why Is SilverSun Technologies (SSNT) Stock Down 20% Today?
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Why Is SilverSun Technologies (SSNT) Stock Down 28% Today?
Why Is SilverSun Technologies (SSNT) Stock Up 200% Today?
SilverSun Tech to get $1 billion investment from Jacobs Private Equity as part of spin-off plan
Brad Jacobs to Lead Equity Investment of $1 Billion in SilverSun Technologies and Pursue Acquisitions in an Industry to be Announced Later
SilverSun Technologies Acquires JCS Computer Resource Corporation
CORRECTION BY SOURCE: Silversun Technologies Reports Third Quarter 2023 Results
SilverSun Technologies Reports Third Quarter 2023 Results
SWK Technologies and eCommerce Software Trio Launch Educational Series
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