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SWK PARENT WANTS TO DOUBLE REVS Featured

Mark Meller, SilverSun TechnologiesSilverSun Technologies, parent of SWK Technologies, continues to be on the hunt for other Sage VARs and wants to double its revenue. In a recent investor presentation, SilverSun CEO Mark Meller said the company's parameters for targets are more than $1 million in annual revenue and resellers that are cash flow and income positive. "The company is actively reviewing additional acquisitions ," he told listeners.

His presentation was made this month at the 2015 LD Micro Invitational Conference, whose target is micro-cap companies that LD Micro believes are undervalued. Meller noted the company has completed six VAR deals in the last 30 months "all of which have been accretive to earnings." The presentation also shows that SilverSun wants to hit $50 million in annual revenue by growing sales and acquisition, wants to complete another $6 million in financing and move its stock listing to the NASDAQ. Revenue—all from SWK—hit $21.5 million for the year ended December 31. up 23.4 percent from $17.4 million in 2014. A public offering in March raised $812,023 in net proceeds. Give the company and its leaders credit—a few years ago most of us thought it would not survive and now it is thriving.

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