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Salesforce-Backed Tier1 Buys Satuit to Expand Share With Funds

Aerials Views Of Toronto As Housing Prices Fall For Fourth Month
Photographer: James MacDonald/Bloomberg

Tier1 Financial Solutions, a provider of customer relationship management and compliance software for banks and capital markets firms, is buying Satuit Technologies Inc. to accelerate its expansion into the investment management industry.

The acquisition of Satuit will bolster Toronto-based Tier1’s client list to more than 300 firms worldwide, up from 200, which include six out of the eight largest Canadian banks by assets. Terms of the deal weren’t disclosed.