Tier1, Inc.
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Tier1, Inc. - overview
Established
2003
Location
Pittsburgh, PA, US
Primary Industry
Software
About
Tier1, Inc. is a technology company specializing in Oracle applications and technology solutions, focusing on enhancing operational efficiency through tailored AI integrations and advanced enterprise resource planning systems. Founded in 2003 and headquartered in Pittsburgh, US, Tier1, Inc. operates within the technology space providing solutions for Oracle applications.
In August 2022, Tier1 was acquired by Inoapps Limited, a move aimed at enhancing capabilities in the US market, particularly in Oracle on-premise technology and application support. CEO Rob Guidarelli leads the company, furthering its market integration after its acquisition. Tier1, Inc. delivers advanced Oracle applications and technology solutions with a strong emphasis on artificial intelligence integration within enterprise resource planning systems.
The offerings include the Oracle Redwood Analyzer Tool for system validation and analysis and Inoapps Evolve, which helps organizations enhance their operational agility. The company serves clients in various sectors, including higher education and healthcare, and operates primarily in North America and Europe, ensuring tailored services that meet specific client needs. Tier1, Inc. generates revenue through subscription-based services and project engagements related to the implementation and support of Oracle applications.
The revenue model is structured around flagship products focusing on AI enhancements in Enterprise Business Suite and Fusion applications, primarily in a B2B format, giving clients comprehensive solutions tailored to their operational needs. Following its acquisition by Inoapps Limited in August 2022, Tier1, Inc. aims to expand its footprint in the US market, enhancing its offerings in Oracle on-premise technology and support services. The acquisition will enable the development of new products that focus on advanced AI capabilities within enterprise resource planning, with plans to launch these innovations in targeted sectors by 2023.
The recent acquisition will support Tier1's growth strategy by leveraging Inoapps' resources to penetrate new geographic markets and align closely with evolving client demands.
Current Investors
Tecum Capital
Primary Industry
Software
Sub Industries
Analytics & Performance Software
Website
www.tier1inc.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Tier1, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Tier1, Inc. | - | ||||||||
| Recapitalisation | Completed | Tier1, Inc. | - |
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