Welcome to our dedicated page for QXO news (Ticker: SSNT), a resource for investors and traders seeking the latest updates and insights on QXO stock.
QXO Inc (SSNT) combines decades of expertise in business technology solutions with strategic expansion into building products distribution. This news hub provides investors and stakeholders with timely updates on corporate developments, financial milestones, and operational advancements.
Access official press releases and curated analysis covering ERP software innovations, strategic acquisitions, and quarterly financial results. Our repository includes updates on leadership changes, product launches, and market expansion initiatives that shape QXO's evolving business strategy.
Key coverage areas include technology partnerships, cybersecurity developments, and progress in the building products distribution sector. Bookmark this page for streamlined access to material information affecting investment decisions and corporate valuation analysis.
SWK Technologies has been awarded the prestigious Sage Cloud Innovation Award, recognizing its significant contributions to cloud ERP, accounting, and process automation software. This accolade highlights SWK's commitment to advancing the Sage cloud ecosystem by introducing high-growth companies to cloud solutions and educating businesses on the benefits of cloud migration. SWK's CEO, Mark Meller, expressed gratitude for the recognition and reiterated the company's mission to pioneer innovative cloud technologies. With over 30 years as a certified Sage value-added reseller (VAR), SWK has earned multiple accolades, including the Sage Partner Platinum Club award and SOC 2 Type 2 certification. Additionally, SWK's merger with JCS Computer Resource in 2023 has expanded its expertise in implementing Sage products like Sage 50, Sage 100, and Sage Intacct. This award further cements SWK's role in helping small and mid-sized enterprises streamline operations and modernize their accounting systems.
On May 30, 2024, SilverSun Technologies (Nasdaq: SSNT) announced that its stockholders approved the equity investment deal with Jacobs Private Equity II, (JPE) and minority co-investors. The agreement outlines a $1 billion cash investment into SilverSun. Approximately 98.69% of votes cast, representing around 66.83% of all outstanding shares as of April 29, 2024, were in favor. Detailed voting outcomes will be reported in a Form 8-K filed with the SEC. Financial advisors for JPE include Goldman Sachs and Morgan Stanley, while The Benchmark Company and Lucosky Brookman LLP advise SilverSun.
SilverSun Technologies, Inc. (NASDAQ:SSNT) reported positive first quarter 2024 results, with total revenue reaching $14.4 million, software sales up by 4.7%, and service revenues increasing by 11.7%. Gross profit grew by 5.6%, but EBITDA decreased by $161,626. Net income was $138,087, with earnings per share at $0.03. The company is progressing with a transaction with Brad Jacobs and Jacobs Private Equity, with a shareholder meeting scheduled for May 30, 2024.
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