SS&C acquires Tier1’s CRM business 24 August 2022US Reporter: Lucy Carter
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SS&C has acquired Tier1 CRM and its related assets, previously part of Tier1 Financial Solutions.
Tier1 CRM provides customer relation management (CRM) systems to sell-side financial services firms, and deal management CRM to investment banks.
The acquisition allows SS&C to expand their CRM potential, particularly around capital markets and investment banks.
Through the mandate, SS&C will gain more than 30 enterprise clients (across Canada, the US, and the UK) and over 60 employees (across Canada and the US).
Derek Landi, vice president and general manager of SS&C, says: “We will add talented employees and respected clients to our roster with like-minded product architecture and deep client expertise. ”
Doug Christensen, chief operating officer of Tier1 CRM, comments: “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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