SS&C Technologies to acquire the CRM business and related assets from Tier1 Financial Solutions.

SS&C Technologies, a global provider of services and software for the financial services and healthcare industries, agreed to acquire the CRM business and related assets from Tier1 Financial Solutions, a provider of investment banking and capital markets CRM solutions, compliance and fraud prevention software services. Financial terms were not disclosed. "The sell-side Tier1 CRM business will be a strong addition to our CRM solutions business. 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," Derek Landi, SS&C Salentica Vice President and General Manager.