NJ TECH CORNER: SilverSun Technologies Inc.

Photo: Mark Meller, Chairman and CEO of Silversun Photo Credit: Silversun Technologies
Mark Meller, Chairman and CEO of Silversun | Silversun Technologies

Company Overview

SilverSun Technologies, Inc. (OTCQB:  SSNT) is a business application, technology and consulting company providing strategies and solutions to meet its clients’ information, technology and business management needs. Its services and technologies enable customers to manage, protect and monetize their enterprise assets whether on-premise or in the “cloud.” As a value added reseller of business application software, it offers solutions for accounting and business management, financial reporting, Enterprise Resource Planning (“ERP”), Warehouse Management Systems (“WMS”), Customer Relationship Management (“CRM”), and Business Intelligence (“BI”). Additionally, it publishes a proprietary software solutions for Electronic Data Interchange (“EDI”), time and billing, and various ERP enhancements. The company also has a dedicated network services practice that provides managed services, hosting, business continuity, cloud, email and web services. Compounded annual growth over the last seven years has been 29 percent, and the company has completed 10 acquisitions over the last six years.  As a result, the company anticipates being listed on NASDAQ within the next 30 days.  Based in East Hanover, N.J., the company has 139 full-time employees, as of March 30, 2016

 Investment & Financial Information


Shares of common stock outstanding (as of March 30, 2016):


Share price of stock (as of March 17, 2017)


Share price of stock (one year ago)


Current valuation (as of March 17, 2017)

 $19.16 million

Valuation one year ago

 $8.25 million

Stock Symbol:


Net Revenues (9-months ended 9/30/16)

$25.88. million

Net Revenues previous year

$27.64 million

Net Income (9-months ended 9/30/16)

9999/309/30/162015vvvvmontmonths ended)


Net Income previous year:

$   374,305


 Management Team




Mark Meller


Chairman. CEO, President

Crandall Melvin III


  Chief Financial Officer

 Board of Directors




Mark Meller


 Chairman, CEO, President

Stanley Wunderlich


 CEO, Consulting for Strategic Growth 1, Ltd.

  Joseph Macaluso


 Principal Accounting Officer, Instrumental     Electronics Corp.


Noteworthy Control



Shares of common stock owned

% of total common shares

Mark Meller



Jeffrey Roth



Crandall Melvin III




[All information for NJ Tech Corner was taken from the company’s annual report and proxy statement and other company sources, with the exception of the company’s stock price and valuation.]

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