Livingston-Based Tech Corp Acquires Two Out-Of-State Companies

Livingston-based tech/software corporation SilverSun Technologies has acquired two out-of-state tech companies.

On Oct. 20, the company announced that it had acquired Oates & Co., a North Carolina-based reseller of Sage and Acumatica applications, and The Macabe Associates Inc., a Seattle-based developer and reseller of Sage and Acumatica applications, via its wholly owned subsidiary, SWK Technologies.

The two acquisitions are expected to add roughly $3.5 million in incremental revenue to the company in 2016, according to a release.

“We are happy to announce the closing of these two acquisitions,” stated Mark Meller, CEO of SilverSun. “The new geography, the new people and their skill sets, and the intellectual property we have acquired in these transactions will provide us with the additional resources we require to maintain our aggressive growth plans for 2016 and beyond. We have now completed four acquisitions this year, and anticipate that we will be operating at a run rate in excess of $30 million by the end of 2015.”

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