The acquisition will complement and extend SS&C’s Customer Relationship Management (CRM) offerings
SS&C Technologies Holdings, Inc. announced it has acquired the sell-side Tier1 CRM business and related assets from Tier1 Financial Solutions in an all-cash transaction. Tier1 CRM is a leading provider of sell-side CRM solutions targeting capital markets and investment banks.
Based in Toronto, Canada, Tier1 CRM supplies CRM capabilities to sell-side financial services firms, including research, trading, and sales teams within capital markets groups, and provides a deal management CRM experience to investment banks. The acquisition will expand SS&C’s CRM capabilities, targeting capital markets and investment banks, adding 30+ enterprise clients across the U.S., Canada, and the U.K. Tier1 CRM’s 60+ employees in Canada and the U.S. will join SS&C, reporting to Derek Landi, Vice President and General Manager, SS&C Salentica.
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“The sell-side Tier1 CRM business will be a strong addition to our CRM solutions business,” said Landi. “We will add talented employees and respected clients to our roster with like-minded product architecture and deep client expertise. The combination of the Tier1 business and Salentica will allow us to better serve clients with CRM solutions purpose-built for their market.”
“We are delighted to join the SS&C family,” said Doug Christensen, Chief Operating Officer of Tier1 CRM. “Joining forces with SS&C allows the business to scale as the customer base grows, and provides complementary solutions to many of SS&C’s existing products and businesses.”
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