Jeff Roth, SWK TechnologiesInformation Systems Management and SilverSun Technologies, parent to SWK Technologies, have suspended merger talks. The merger of the two resellers would have created one of the largest Sage VARs. However, the parties said there were too many hurdles to meet a target closing date of January 1.

Since ISM came through with a VAR Star application, I was not surprised. However, the two companies emphasized this is a delay, not a dead deal and that with the year-end business, there is simply too much to do. SWK President Jeff Roth issued a statement that "We are confident that once we are merged together, we can fully optimize our combined strengths and become a dominant force in the market. We look forward to restarting the process in 2013." A merged company would have an annual run rate in area of $17 million


Last modified on Tuesday, 13 August 2013
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