RTTNews | Nov 15, 2021 10:42AM EST

10:42 Monday, November 15, 2021 (RTTNews.com) - Shares of SilverSun Technologies, Inc. (SSNT) surged over 65% on Monday morning after the company announced that its wholly-owned subsidiary, SWK Technologies, Inc., has signed a letter of intent to acquire the Acumatica division of Dynamic Tech Services, Inc., an Atlanta-based reseller of Acumatica ERP software solutions.

SSNT is currently trading at $9.20, up $3.64 or 65.47%, on the Nasdaq.

Commenting on the acquisition, Mark Meller, CEO of both SilverSun and SWK Technologies, stated, "Our Acumatica customer base will increase by roughly 30% as a result of this transaction, and we will be onboarding talented and experienced resources to help us further scale our business."

It is anticipated that the transaction, which is subject to the signing of definitive agreements and customary closing conditions, will close by year end.

Read the original article on RTTNews ( https://www.rttnews.com/3242449/silversun-technologies-surges-65-to-buy-acumatica-division-of-dynamic-tech-service.aspx)

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