DLA Piper Canada advised Tier1 Financial Solutions in the sale of their sell-side CRM business to SS&C ‎Technologies

On August 23, 2022, SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced that it had acquired the sell-side Tier1 ‎Customer Relationship Management (“CRM”) ‎business and related assets from Tier1 Financial Solutions. DLA Piper Canada acted for Tier1 in this transaction.

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. Headquartered in Windsor, Connecticut, ‎SS&C is a global provider of services and software for the financial services and healthcare industries with offices around the world. The acquisition of Tier1 CRM will complement and extend SS&C's CRM offerings for some 20,000 clients, which include the world's largest companies to small and mid-market firms in the financial services and healthcare sector.

The Canadian deal team representing Tier1 was led by Ted Maduri and included Maneesha Dakha, Donato Rosati, Matthew Demeo (employment), Kevin F. Fritz (tax), David Spratley (IP) and Michael S. Richards (employment). DLA Piper previously acted for Tier1 on a number of transactions, including a Series B financing and its acquisitions of Satuit Technologies and Alessa. We look forward to continuing to work with Tier1 as it focusses on its compliance and financial crime prevention solution‎ software business, Alessa.