SS&C Applied sciences Acquires Monetary Providers CRM Software program Firm
SS&C Applied sciences Holdings, Inc. has acquired the sell-side Tier1 CRM enterprise and associated belongings from Tier1 Monetary Options in an all-cash transaction. Tier1 CRM is a number one supplier of sell-side CRM options concentrating on capital markets and funding banks. Additional monetary phrases of the deal weren’t disclosed.
That is expertise M&A deal quantity 759 that ChannelE2E has lined thus far in 2022. See greater than 2,000 expertise M&A offers involving MSPs, MSSPs & IT service suppliers listed right here.
SS&C Acquires Tier1 CRM
SS&C Applied sciences, based in 1986, relies in Windsor, Connecticut. The corporate has 18,934 workers listed on LinkedIn. SS&C’s areas of experience embrace portfolio administration, buying and selling, non-public fairness, fund of funds and hedge fund administration, institutional outsourcing, monetary companies software program, ASP, BPO and license.
Tier1 Monetary Options, based in 2008, relies in Toronto, Ontario, Canada. The corporate has 208 workers listed on LinkedIn, of which 60+ workers are with Tier1 CRM and can be part of SS&C, in line with the corporate. Tier1’s areas of experience embrace CRM, capital markets, fintech, monetary expertise, funding banking, funding administration, company banking, cloud computing, software program, expertise, relationship administration, consumer relationship administration and compliance.
The acquisition will broaden SS&C’s CRM capabilities, concentrating on capital markets and funding banks and including 30+ enterprise purchasers throughout the U.S., Canada, and the U.Ok., the businesses mentioned. Tier1 CRM’s workers in Canada and the U.S. will be part of SS&C’s Salentica enterprise unit, which is devoted to CRM for monetary companies and report back to Derek Landi, vp and normal supervisor, SS&C Salentica.
SS&C Acquires Tier1 CRM: A Robust Addition
Derek Landi, VP and GM, SS&C Salentica
Doug Christensen, COO, Tier1 CRM
Landi commented on the acquisition:
“The sell-side Tier1 CRM enterprise will probably be a robust addition to our CRM options enterprise. We are going to add proficient workers and revered purchasers to our roster with like-minded product structure and deep consumer experience. The mix of the Tier1 enterprise and Salentica will permit us to higher serve purchasers with CRM options purpose-built for his or her market.”
Doug Christensen, COO of Tier1 CRM, added:
“We’re delighted to affix the SS&C household. Becoming a member of forces with SS&C permits the enterprise to scale because the buyer base grows, and supplies complementary options to lots of SS&C’s present merchandise and companies.”
