Tier1CRM (later Tier1 Financial Solutions) was a Toronto-based provider of CRM, deal management, and customer engagement SaaS solutions purpose-built for capital markets and investment banking firms. Founded in 2008 by Mark Notten and Phil Dias, the company built its platform on Salesforce, augmenting it with capital-markets-grade security, coverage management, and accelerated web and mobile workflows tailored for research, sales and trading, corporate and investment banking, and investment management professionals. The platform was used by more than 19,000 users across major global financial institutions for client relationship management, MiFID II compliance, deal-related activity tracking, and internal collaboration. In December 2017, Tier1CRM raised US$34M in growth equity led by Wavecrest Growth Partners with participation from MassMutual Ventures and Salesforce Ventures, and rebranded as Tier1 Financial Solutions in 2019 to reflect a broader product strategy. In January 2022, Wavecrest and MassMutual Ventures led an additional growth financing. In August 2022, SS&C Technologies (Nasdaq: SSNC) acquired the sell-side Tier1 CRM business and related assets in an all-cash transaction, with the unit rebranded as SS&C Tier1 and approximately 60+ Canadian and U.S. employees joining SS&C's Salentica division.
Tier1CRM has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2008
Employees
60–100
Total Funding
$34M
2 rounds
Total raised $34M across 2 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 05-15-2026
Latest Round
Type
Growth Equity
Date
January 2022
Amount
Undisclosed
Valuation
—
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| January 2022 | Growth Equity | Undisclosed | — | Wavecrest Growth Partners, MassMutual Ventures |
| December 11, 2017 | Growth Equity | US$34M | — | Wavecrest Growth Partners |
Mark Notten
Co-Founder & former CEO
Phil Dias
Co-Founder
Jiro Okochi
CEO (later tenure, Tier1 Financial Solutions)
Derek Landi
VP & GM, SS&C Salentica (oversaw Tier1 post-acquisition)
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Dealcloud (Intapp)
Cloud-based deal and relationship management platform widely used by investment banks and capital markets advisory teams; owned by Intapp (Nasdaq: INTA).
Salesforce Financial Services Cloud
Salesforce's vertical CRM for financial services including wealth, banking, and capital markets workflows.
Microsoft Dynamics 365 (Financial Services)
Microsoft's CRM and customer engagement platform used by financial institutions for client coverage and deal tracking.
Backstop Solutions (ION)
CRM and portfolio management software for institutional investors and capital markets participants; part of ION Group.
Dynamo Software
CRM, fundraising, and deal management software for alternative investment firms and capital markets professionals.
Affinity
Relationship intelligence CRM used by investment banks, VC and PE firms for deal sourcing and relationship management.
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