At $7.15, SilverSun Technologies Inc. (NASDAQ: SSNT) shares gained 6.56% in after-market trade. In Friday’s regular session, SilverSun stock advanced 1.21% to close at $6.71.
Within the last three months, the SSNT stock has gained 52.5%, while within the past six months it has gained 157.46%. Recent developments could be the factors which provide a better insight for the reason why SSNT stock increased despite the absence of any current news.
What happened recently?
In business applications, technology, and management consulting, SilverSun Technologies provides software and IT solutions for customers’ information, technology, and business management needs. With SSNT services and customers’ enterprise asset management solutions, whether they are in the “cloud” or on-premise, clients can efficiently manage, protect, and monetize assets. Business Intelligence (BI), Human Capital Management (HCM), Warehouse Management Systems, and several other business applications are offered by SSNT as a value-added reseller of business application software.
Last month, SilverSun announced the launch of a new division by its subsidiary SWK Technologies, Inc., a firm that specializes in IT security and compliance. SWK’s 5000+ clients will benefit from the new compliance practice by meeting or exceeding regulatory compliance obligations.
In addition to security services, SWK’s managed service provider offers application hosting, help desk, disaster recovery, and cloud services. It was named to the CRN 2021 Managed Service Provider (MSP) 500 list for five consecutive years in the Elite 150 category.
What SSNT is aiming on?
Providing innovative and forward-thinking approaches to managed services by subsidiary of SilverSun Technologies (SSNT) is the next step in establishing a security and compliance division which will help clients develop a comprehensive information security program to understand the threats, risks, and potential impacts to their businesses.