The purchase price was not disclosed. ATR was founded in January 2009 by Karen Espinoza McGarrigle. However, ATR is a DBA and the company, 2000 Software, has been operating since 1999. The ATR website has photographs of a staff of six people. In discussing the impact of Sage's changes to its product tiers on the channel, one reseller executive predicted that would include smaller VARs selling and that those operations have been approaching him to be acquired. SWK had revenue of $12.75 million for the year ended September 30 so you'd have to think it's easily on a greater-than $15-million-a-year run rate.
SWK TECHNOLOGIES TO BUY ATR Featured
SWK Technologies has signed a letter of intent to acquire Accounting Technology Resources of Santa Ana, Calif. Both are Sage and Acumatica resellers. SWK's parent SilverSun Technologies says the deal should add $1.5 million to its annual revenue and is expected to close by February 16. ATR also handles the JobOps manufacturing package, Avalara's sales-and-use tax system, BizNet's financial reporting application and Altec's document management software, among its lineup of third-party products.
