DLA Piper advised Tier1 Financial Solutions‎‎ on its acquisition of Satuit Technologies, Inc. ‎

On April 26, 2021, Tier1 Financial Solutions (“Tier1”), a leading provider of client relationship management (“CRM”) solutions‎, anti-money laundering (“AML”) compliance and fraud prevention solutions, announced that it had acquired Satuit Technologies, Inc. (“Satuit”), a global leader in asset management and wealth management CRM software solutions.‎ DLA Piper acted as legal advisor to Tier1 on this transaction.

The acquisition of Satuit expands Tier1's product suite to cover the needs of buy-side asset management and wealth management firms, complimenting Tier1’s existing sell-side CRM platform for capital markets and investment banking.

Tier1 is a Toronto-based company providing CRM software, KYC and AML compliance, and fraud prevention solutions to serve the needs of capital markets, investment banking and corporate professionals. ‎Satuit has offices in the United States and the United Kingdom and is a premier provider of CRM, reporting and portal software solutions for the asset management, hedge fund, wealth management, private equity, and real estate markets. Financial terms of the transaction were not disclosed.

“Our team was proud to work with Tier1 in closing this stand-out cross-border transaction,” said Ted Maduri, Co-chair of DLA Piper Canada’s Corporate Commercial practice, who led the firm’s deal team. “Tier1 has a strong track record of successful investments in CRM providers, and it is well positioned to support Satuit’s continued growth and expansion.”