SWK Technologies Acquires Sage Software Partner CT-Solution
This is M&A deal number 142 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
CT-Solution is a Sage Software solutions partner and reseller. The company serves manufacturers, distributors and professional service organizations throughout the midwest, according to SilverSun.
SWK Technologies is an IT consulting company that develops and provides on-premises and cloud solutions, as well as business application hosting services, to companies. The firm is focused on ERP and accounting software from Acumatica, QuickBooks and Sage. Moreover, SWK is one of the largest Sage business partners in North America.
SWK Technologies’ Growth
The acquisition of CT-Solution expands SWK’s geographic footprint and increases its Sage customer base, the company said.
SWK Technologies has been active on the M&A front over the last few years. Many of its deals have included companies within the Sage partner ecosystem. Past transactions include:
- August 2020: Chicago-based MSP Prairie Technology Solutions Group.
- June 2018: Information Systems Management Inc., a Sage channel partner and west coast-based reseller of ERP, CRM and other solutions
- January 2019: Partners in Technology (PIT), a Chicago-area Sage Software reseller.
SilverSun Acquires CT-Solution: Quick and Seamless
Mark Meller, CEO of both SilverSun and SWK, stated:
“CT and SWK have worked closely with each other for several years, and are ideal fits for each other. Our organization has been actively engaged with the CT customers for some time, and we are excited to now have the opportunity to help them with their digital transformation as they migrate to the cloud, secure their data, work remotely, and automate their business processes. We expect the transition and integration to be quick and seamless.”
Colleen Kuhn, president of CT-Solution, said:
“Our companies have worked jointly together in the past, and we know each other well. The customer‐focused approach and corporate culture at SWK is almost identical to ours. The skillset of their team is exceptional, and both companies share the same corporate values. We have tremendous opportunities in front of us, and the size and scale of the combined organizations will provide us with the resources to take full advantage of these opportunities. We’re better together, and clients on both sides will benefit from this transaction.”