The Vicor buy would have put SWK in the federal market in the Washington D.C. area. In its other M&A effort, SWK and Information Systems Management had announced a merger late in 2012. But in November, the companies said that was only a delay. Earlier this week in response to a question about the topic, Roth said, "We are not in any active discussions regarding a possible merger or acquisition" with ISM.
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SWK: NO GO ON VICOR DEAL Featured
SWK Technologies has dropped its effort to buy Vicor Business Services of Bethesda, Md. It's the second SWK deal to be put on hold in the last year. The parties signed a letter of intent in June which expired on July 31 and according to the 10-Q for the June quarter filed by SWK's parent, SilverSun Technologies, were still negotiating. However, this week, SWK CEO Jeff Roth said that "SWK has decided to defer its discussion with Vicor to a later date so there is no deal that is imminent."
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