SSNC - SS&C acquires Tier1's CRM business in all-cash deal

• SS&C Technologies ( NASDAQ: SSNC ) has acquired the sell-side Tier1 customer relationship management business and related assets from Tier1 Financial Solutions in an all-cash deal.
• Based in Toronto, Canada, Tier1 CRM supplies CRM capabilities to sell-side financial services firms. The acquisition will complement and extend SS&C's CRM offerings, targeting capital markets and investment banks.
• Tier1 CRM's 60+ employees in Canada and the U.S. will join SS&C ( SSNC ), reporting to Derek Landi, Vice President and General Manager, SS&C Salentica.

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