SSNT - SilverSun Technologies signs LOI to acquire human capital management division of PeopleSense

SWK Technologies, a wholly-owned subsidiary of SilverSun Technologies (SSNT) +1.4% premarket has signed a letter of intent to acquire the human capital management ((HCM)) division of PeopleSense ((PS)), a leading Chicago-based reseller of Sage Software's human resource management solutions. Mark Meller, CEO of both SilverSun and SWK, stated, "The COVID-19 pandemic has given rise to HCM projects and challenges that were unanticipated, accelerating the transformational impact of new technologies. Covid has resulted in remote work becoming the new normal, making HCM an even more critical tool for our customers as they need to increase the use of technology to track employees, to connect and communicate with employees and support their development and well-being, and to conduct workforce planning and to redeploy employees." If approved, the transaction is expected to close in 2Q21.

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SilverSun Technologies signs LOI to acquire human capital management division of PeopleSense