SS&C Technologies Acquires Tier1 CRM

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.

SS&C Technologies Acquires Millennium Consulting Services and Millennium Seminar Services

December 16, 2020

Consulting

SS&C Technologies has agreed to acquire Raleigh, North Carolina-based Millennium Consulting Services and Millennium Seminar Services to expand its insurance-focused consulting and training offerings. The deal adds 13 employees and brings regulatory consulting, statutory outsourcing and insurance accounting training capabilities into SS&C's insurance services lineup.

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.

SS&C Technologies Acquires Innovest Systems

May 18, 2020

Cloud & SaaS

SS&C Technologies Holdings, Inc. completed the acquisition of Innovest Systems, a provider of web-based trust accounting, payments and unique asset servicing technology. The deal adds Innovest's InnoTrust product suite and more than 150 employees across New York, California and Texas, broadening SS&C's wealth management technology and managed-services capabilities.

Portage CyberTech (A Converge Company) Acquires 1CRM Systems Corp.

March 1, 2022

Cloud & SaaS

Portage CyberTech Inc., a majority‑owned subsidiary of Converge Technology Solutions Corp., has acquired 1CRM Systems Corp., a Victoria, British Columbia‑based SaaS CRM and business management software provider. The deal comprised $3.0 million cash at closing plus up to $2.0 million in earn-outs; 1CRM reported trailing twelve‑month revenue of approximately $820,000 as of October 31, 2021.

SS&C Technologies Acquires Hubwise Holdings Limited

December 9, 2021

Financial Services

SS&C Technologies Holdings, Inc. has entered into a definitive agreement to acquire Hubwise Holdings Limited in an all-cash transaction. The deal adds a regulated U.K. B2B investment platform (58 employees, 51 customers) to SS&C's wealth and adviser solutions and is expected to close in 2022 subject to customary approvals.