Inoapps Acquires Pittsburgh-Based Oracle Services Specialist Tier1

Abry Partners Invests in Inoapps; Stellus Provides Financing

May 3, 2022

IT Services

Abry Partners has made a growth investment in Inoapps Ltd., a global Oracle partner led by CEO Andy Bird, to support the company's next phase of growth. Stellus Capital Management provided senior debt financing and an equity co-investment to support Abry's investment and accelerate Inoapps' expansion and services build-out.

Thrive Acquires Tier1Net

July 11, 2019

IT Services

Thrive, a Next Generation Managed Services provider, acquired Tier1Net, a Woburn, Massachusetts-based managed services firm focused on financial services. The add-on transaction, executed under Thrive’s private equity owner M/C Partners, strengthens Thrive’s FinTech capabilities and New England presence while integrating Tier1Net leadership into Thrive’s FinTech practice.

Talent Groups Acquires Abacus Technical Services and The InSource Group

October 19, 2023

Staffing & HR

Houston-based IT staffing platform Talent Groups, backed by Osceola Capital, has acquired Dallas-based Abacus Technical Services and The InSource Group to expand its national IT staffing footprint and capabilities. The acquisitions (closed in Q3 2023) are add-on deals to Talent Groups' platform; financial terms were not disclosed.

Tier1 Financial Solutions Acquires Satuit Technologies

April 26, 2021

Software

Tier1 Financial Solutions acquired Satuit Technologies, a provider of CRM and investor portal software for buy‑side asset and wealth managers, to accelerate its expansion into the buy‑side market and broaden its client relationship product suite. Terms were not disclosed; Satuit’s CEO Karen Maguire will remain in her role and report to Tier1 CEO Jiro Okochi.

IBM Acquires Apptio Inc.

June 26, 2023

Cloud & SaaS

IBM has acquired Apptio Inc. from Vista Equity Partners for $4.6 billion, adding Apptio's FinOps and cloud cost-management SaaS capabilities to IBM's IT automation and watsonx AI portfolio. The deal is intended to create a 360-degree technology business management platform, drive synergies across IBM's automation, Red Hat and consulting businesses, and augment IBM's AI/data capabilities with Apptio's anonymized IT spend data.

SS&C Technologies Acquires Tier1 CRM

August 24, 2022

Software

SS&C Technologies Holdings, Inc. has acquired Tier1 CRM, a sell-side CRM and deal management software provider backed by Wavecrest Growth Partners, MassMutual Ventures, and Salesforce Ventures. The acquisition expands SS&C’s capital markets technology offerings by adding Tier1’s CRM, deal management, and compliance capabilities for investment banking, sales & trading, and equity research teams.