Tequity is the financial advisor to Satuit Technologies, Inc., in connection with its acquisition by Tier1 Financial Solutions
TORONTO, April 27, 2021 / PRNewswire / – Tequity, a M&A advisory firm with an exclusive focus on global B2B Cloud, SaaS, and IT companies, acted as exclusive financial advisor to Satuit Technologies, Inc., a global leader in the investment and asset management of CRM SaaS software solutions, upon their acquisition by Tier1 Financial Solutions. Terms of the transaction were not disclosed.
On working with Tequity, Karen maguire, CEO and Founder of Satuit shared, “Working with Diane and Anish was a pleasure. They did exactly what they said they would do. They kept the project very focused and on track and were exceptionally good at alleviating the stress that comes with a sale. transaction. Tequity really knows the SaaS market and has an extensive global network. ”
Tier1 Financial Solutions is a leading provider of customer relationship management (“CRM”), AML compliance and fraud prevention solutions. This acquisition allows Tier1 to accelerate its expansion on the buy side and develop its global footprint.
The acquisition underscores Tier1’s continued commitment to digitize the entire client relationship workflow for capital markets, investment banking and investment management companies, ranging from large businesses to small start-ups. Tier1’s growing portfolio of digital transformation and automation solutions play a key role in optimizing customer engagement, increasing operational efficiency, and reducing risk in a progressively virtual and reliant industrial landscape. technology.
The addition of Satuit CRM and Investor Portal solutions for buyer-side asset management and wealth management complements Tier1’s robust sell-side CRM platform for capital markets and investment banking. With this acquisition, the Tier1 product suite now expands to include a stand-alone, cost-effective CRM, specifically designed for the needs of buy-side businesses.
“The addition of Satuit not only allows us to accelerate our expansion on the buy side with Satuit’s dedicated end-to-end CRM and investor portal solution, but also adds to our valuable ecosystem of banks and businesses on the buy side. sale “said Jiro okochi, CEO of Tier1 Financial Solutions. “We look forward to investing in the Satuit product and providing a great customer experience.”
“The CRM asset management industry has been in transition and consolidation for several years,” said Karen maguire. “This acquisition makes perfect strategic sense with Tier1’s focus on increasing buy-side penetration and Satuit’s strong asset and wealth management pedigree. We are excited to join the Tier1 team and look forward to reaping the many benefits this acquisition will bring. “
Tier1’s plug-and-play product model announced at the end of last year, combined with the acquisition of Alessa in January and the acquisition of Satuit, puts Tier1 in an excellent position to provide customers with a A truly unique set of solutions that includes actions focused on buying and selling. CRM, Investor Portal, KYC, AML and fraud detection capabilities.
The current level 1 organizational structure will remain unchanged, with two divisions operating as independent business units under Manish patel, CRM COO and Andrew Simpson, COO of Compliance, respectively. Karen maguire will continue in his role as CEO of Satuit and will report directly to Jiro Okochi.
ABOUT SATUIT TECHNOLOGIES, INC.
Satuit Technologies, Inc. is the leading provider of CRM, reporting and portal software solutions for the asset management, hedge fund, wealth management, private equity and real estate markets. Satuit has offices at United States and the UK and serves clients in over thirty-five countries. Satuit Technologies is certified as a Women’s Business Enterprise by the National Council of Women’s Business Enterprises (WBENC). For more information visit www.satuit.com.
ABOUT TIER1 FINANCIAL SOLUTIONS
Tier1 Financial Solutions is a leading provider of customer relationship management (CRM), compliance and fraud prevention solutions. Tier1’s portfolio of digital transformation solutions enables its customers to optimize customer engagement, increase operational efficiency and reduce regulatory compliance risk. Trusted by more than 300 companies and nearly 20,000 users worldwide, Level 1 delivers optimized workflow experiences, informed insights, and a centralized view of customer interactions that drive revenue-generating engagements. Responding to the unique needs of professionals in financial markets, investment banking, investment management and businesses, Tier1 advances client relationships and workflows with data-driven insights on the computers of desktop and mobile devices, promoting compliance, collaboration, transparency and communication. For more information visitwww.tier1fin.com.
ABOUT TEQUITY ADVISORS
Tequity Advisors helps B2B SaaS, Cloud and IT companies in their growth and exit strategies. Our mission is simple: to achieve the best result for our customers. With decades of combined experience as leaders, consultants and owners of software and technology companies, we leverage our in-depth industry knowledge in technology ecosystems and our relationships with strategic and growth-oriented buyers. around the world to complete M&A transactions. For more information visit www.tequityadvisors.com
Diane horton, Management partner
SOURCE Tequity Advisors