SilverSun Technologies Announces Sales of Its Subsidiary's MAPADOC(TM) EDI Solution Continue at Record Pace
SilverSun Technologies, Inc. (OTCBB: SSNT) (OTCQB: SSNT), a company engaged in delivering transformational business technology solutions and services, today announced that its principal operating subsidiary, SWK Technologies, finished 2012 with a record number of sales of its MAPADOC? EDI (electronic data interchange) solution. The Company sold 60 new licenses in 2012.
A principal driver of these new sales was SWK's partnership with SPS Commerce (NASDAQ: SPSC), a leading provider of on-demand supply chain management solutions. SPS Commerce successfully sold dozens of MAPADOC? deployments in 2012.
MAPADOC? is a fully integrated, easy to use electronic data interchange (EDI) software solution that dramatically cuts data entry time and costs by eliminating duplicate entries, improves communication with trading partners, integrates seamlessly with Sage 100 ERP, Sage 500 ERP, and Sage ERP X3, and reduces mapping time by over 75% by allowing end-users to quickly and easily create their own maps for integrated documents.
Jeffrey D. Roth, CEO of SWK Technologies, stated, "Our MAPADOC? business has grown 130% over the last four years, and a large portion of this growth is attributable to our partnership with SPS Commerce. We now have over 350 customers nationwide using MAPADOC? to build their trading partner relationships and manage and fulfill orders."
"SWK Technologies has outperformed our customer's expectations at each implementation," said David Novak, Executive Vice President of Business Development at SPS Commerce. "MAPADOC? allows SPS customers to connect our supply chain network with their internal ERP system to power their relationships with retailers, vendors and 3PLs. We have hundreds of customers using the Sage 100, 500 and X3 ERP solutions, and are pleased to offer them the proven MAPADOC? solution to enhance their use of our cloud services."
Novak continued, "Our partnership with SWK helps retail organizations realize more from their supply chain relationships. As a result, we are investigating new and exciting ways in which our organizations can cooperate for the betterment of both our organizations and our customers."
Mark Meller, Chairman and CEO of SilverSun Technologies, commented, "We continue to explore new markets for our line of proprietary software solutions, including MAPADOC?. For example, we are actively engaged in exploring the launch of MAPADOC? in Europe, which will expand our potential market substantially. We look forward to making announcements in the near future regarding these potentially exciting developments."
About SPS CommerceSPS Commerce is a leading provider of on-demand supply chain management solutions and the Retail Universe community, providing integration, collaboration, connectivity, visibility and data analytics to thousands of customers worldwide. We deliver our solutions over the Internet using a Software-as-a-Service model to improve the way the retail supply chain community of suppliers, retailers, distributors and other customers build their trading partner relationships and manage and fulfill orders. Our Retail Universe hosts profiles of thousands of retail supply chain members, and enables retailers, suppliers and 3PLs to find, connect and form new business partnerships based on product or integration requirements. Our platform features pre-built integrations used by current and new customers alike, spanning 3,000 order management models across more than 1,500 retailers, grocers and distributors, as well as integrations to over 100 accounting, warehouse management, enterprise resource planning, and packing and shipping applications. More than 50,000 customers across more than 40 countries have used our platform, making it one of the largest trading partner integration centers. SPS Commerce has achieved 48 consecutive quarters of increased revenues and is headquartered in Minneapolis. For additional information, please contact SPS Commerce at 866-245-8100 or visit or .
Retail Universe, SPS Commerce, SPSCommerce.net and the SPS Commerce logo are trademarks or registered marks of SPS Commerce, Inc. All other names and trademarks are the property of their respective holders.
About SWK Technologies, Inc.The principal operating subsidiary of SilverSun Technologies, Inc., SWK Technologies, Inc. () is an IT consulting company providing strategies and solutions to meet its clients' information and business management needs.
As a Sage Authorized Business Partner, Sage Gold Development Partner and Sage Authorized Training Center, SWK offers best-of-breed solutions for accounting and business management, financial reporting, CRM, job costing systems and warehouse management. Specializing in collaborative commerce -- the communication and cooperation between suppliers and customers -- SWK developed MAPADOC?integrated EDI, a solution that works seamlessly with the business management solutions it sells and supports. SWK also provides managed network services and has offices in Livingston, NJ; New York City Metro Area; Syracuse, NY; Buffalo, NY; Chicago, IL; Minneapolis, MN; Ann Arbor, MI and Dallas, TX.
About SilverSun Technologies, Inc. Headquartered in Livingston, New Jersey, SilverSun Technologies is involved in the acquisition and build-out of technology and software companies engaged in providing best of breed management applications and professional consulting services to small and medium size businesses (SMBs) in the manufacturing, distribution and service industries. Serving as SilverSun's principal operating subsidiary, SWK Technologies, Inc. employs national direct and channel sales teams, and a consulting team, all of which serve a growing customer base spanning the United States and Canada. For more information, please visit , or .
Forward-Looking StatementsThis press release may contain forward-looking statements, including information about management's view of SilverSun Technologies' future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of SilverSun Technologies, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on SilverSun Technologies' future results. The forward-looking statements included in this press release are made only as of the date hereof. SilverSun Technologies cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SilverSun Technologies undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by SilverSun Technologies.
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