M&A Deal Summary

SilverSun Technologies and SWK Technologies Acquire Information Systems Management

On May 21, 2018, SilverSun Technologies and SWK Technologies acquired software company Information Systems Management for 2M USD

Acquisition Highlights
  • This is SilverSun Technologies’ 3rd and SWK Technologies’ 1st transaction in the Software sector.
  • This is SilverSun Technologies’ and SWK Technologies’ largest (disclosed) transaction.
  • This is SilverSun Technologies’ 3rd and SWK Technologies’ 2nd transaction in the United States.
  • This is SilverSun Technologies’ 1st and SWK Technologies’ 1st transaction in Oregon.

M&A Deal Summary

Date 2018-05-21
Target Information Systems Management
Sector Software
Buyer(s) SilverSun Technologies
SWK Technologies
Deal Type Add-on Acquisition
Deal Value 2M USD

Target

Information Systems Management

Portland, Oregon, United States
Information Systems Management, Inc. is a Portland, Oregon-based reseller of Sage Software and Acumatica solutions, also provides hosting services for business applications to customers throughout the United States. ISM began as a small business with one vision in mind: “Simple answers to difficult questions.” Their goal was to convert complex technology into tangible business value so their clients get more work accomplished using fewer resources. Keeping that same vision in mind, today ISM has grown to become one of the top Sage resellers and business technology providers in the country.

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Buyer(S) 2

Buyer

SilverSun Technologies

East Hanover, New Jersey, United States

Category Company
Founded 1998
Sector Information Technology
Revenue 45M USD (2022)
DESCRIPTION

SilverSun Technologies is a business application, technology, and consulting company providing strategies and solutions to meet their clients' information, technology, and business management needs. SilverSun Technologies was formed in 1998 and is based in East Hanover, New Jersey.


DEAL STATS #
Overall 3 of 3
Sector (Software) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Oregon) 1 of 1
Country (United States) 3 of 3
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-20 The Macabe Associates

Seattle, Washington, United States

The Macabe Associates, Inc. is a professional software consulting and development firm.

Buy -
Buyer

SWK Technologies

Livingston, New Jersey, United States

Category Company
Founded 1988
Sector Information Technology
DESCRIPTION

SWK Technologies, Inc. is a provider of an information technology consulting services to businesses.


DEAL STATS #
Overall 2 of 3
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Oregon) 1 of 1
Country (United States) 2 of 3
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-18 HighTower

Skokie, Illinois, United States

HighTower, Inc. is a developer of technology solutions for ERP, accounting, manufacturing, distribution, customer relationship management. It provides an IT consulting and support services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-19 Business Application Cloud Hosting

New Jersey, United States

Secure Cloud Services, Inc. is a provider of hosting service for ERP, CRM, network monitoring software, and other business management applications that leverage secure cloud connections to maintain client systems through off-site servers.

Buy -