The purchase of the Tier1 CRM business is going to add to our already deep bench of Salesforce expertise from both a product and people perspective. Integrating teams, sharing knowledge, and better leveraging the platform are going to further cement our footers as an industry-leading provider and Salesforce stalwart.
Doubling down on Salesforce.
Here is why our current Salentica Elements CRM users' should care about this acquistion:
This acquistion shows a true committment to the Salesforce platform. Allowing us to deepen our partnership with the platform as our footprint increases. We are also adding talented developers with deep platform expertise to our teams. Being able to glean valuable insights and strategies from a company working on the same platform, will bring fresh perspectives and spur collaboration that expedites not only innovation but timelines.
By doubling down on Salesforce we continue to grow the teams that build and support our Elements users and work to solve some of the biggest challenges customers face today. After all, it isn’t the fact that you don’t have data — it’s that the data isn’t always connected, and it can be difficult to glean business insights or easily put that data into action.
So, if this sounds like you make sure you get in touch!
While our internal teams start integrating and benefitting from a unified vision. Each product will remain solitude and steadfast in its commitment to its customers, industries, and product development mission.
We are excited about this new chapter, welcoming new team members and clients, and continuing to push boundaries for ourselves and for our clients. If you have any questions about Salentica or Tier1, please reach out!
The acquisition will complement and extend SS&C's Customer Relationship Management (CRM) offerings
WINDSOR, Conn., Aug. 23, 2022 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today 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.
"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."
About Tier1 CRM
Tier1 CRM is a leading CRM solution, empowering clients to optimize customer engagement and increase operational efficiency. Tier1 delivers workflow-optimized experiences, prompted insights, and a centralized view of client interactions that drive revenue-generating engagements. Serving the unique needs of Capital Markets, Investment Banking, Investment Management, and corporate professionals, Tier1 advances client relationships and workflows with data-driven insights across desktop and mobile devices, empowering compliance, collaboration, transparency, and communication. Prior to the acquisition, Tier1 CRM was part of Tier1 Financial Solutions.