Cornelius (Neil) Ferris

Chairman Neil Ferris joined the Tier1 Board in early 2019, and is now Chairman for Tier1 Financial Solutions. He has been involved in the creation and growth of high-tech companies for over 35 years and is an active advisor and executive consultant to technology companies, venture capital and private equity investors. Prior to his current assignments, he was CEO of Giganet, a storage networking company which was sold to Emulex. Neil’s previous CEO roles included Open Data which was sold to a private company, and Fluent Machines which was sold to Novell Corp. Neil was part of the founding team and Vice President of Apollo Computer, which enjoyed a successful IPO and was subsequently sold to HP. For almost ten years, Neil held senior director positions with Data General, where he joined shortly after formation and was the first incumbent in every position he held. His previous board roles include BTI Systems, Archives, Enfora, InterSense, and Ibrix, all which were successfully acquired. His nonprofit activities include ten years as Chairman of the board for UMass Marlborough Hospital and Trustee of New Horizons. Neil holds an MBA and a B.S. degree from Northeastern University.

Mike Devine


Michael Devine is a Vice President at Wavecrest Growth Partners and a Director for Tier1 Financial Solutions. Prior to joining Wavecrest, Michael was part of the investment banking team at PJT Partners (formerly Blackstone), where he focused on supporting the firm’s M&A and capital raising efforts in IT services and cloud computing. Prior to Blackstone, he worked in fixed income sales at Credit Suisse and corporate finance at General Electric.

Michael received his A.B. in Economics from Dartmouth College, and an MBA from the Tuck School of Business at Dartmouth.

Vaibhav Nalwaya


Vaibhav (“V”) Nalwaya is a co-founder and Managing Director at Wavecrest Growth Partners, and a Director for Tier1 Financial Solutions. Prior to launching Wavecrest, Vaibhav’s experience included both private equity and growth investing as well as operating roles in two high-growth, founder-led B2B technology companies.

Vaibhav served as CFO of Bluewolf, the leading independent consulting and advisory firm where he played an instrumental role in the company’s highly successful acquisition by IBM in early 2016. Prior to Bluewolf, Vaibhav served as CFO of Bullhorn, a cloud CRM software company that was backed by Vista Equity Partners and was ultimately acquired by Insight Partners.

Prior to taking on these operating roles, Vaibhav was an investor at Vista Equity Partners’ Foundation Fund I, and previously was a Principal at Key Venture Partners, a B2B tech-focused expansion stage capital firm backed by KeyCorp (NYSE: KEY). He started his career at Deloitte, where he advised multinational clients on software/ERP strategies.

Vaibhav graduated with a Master’s Degree in Chemical Engineering from The University of Michigan at Ann Arbor, and a Bachelor’s Degree in Chemical Engineering from the Indian Institute of Technology, New Delhi.

Mark Notten


Mark co-founded Tier1 in 2008 together with Phil Dias, a partnership spanning over 30 years. Mark began his career at Systemware Innovation Corporation (, creating mission critical software for the telecom and nuclear sectors. This led Mark’s first CEO role, as founder of Halcyon Monitoring Solutions which created flagship software products for Sun Microsystems and Cisco.

Mark’s vision for Tier1 was to create world leading enterprise cloud-computing software to power the institutional sell-side and buy-side. Under his leadership, Tier1’s products are currently being used by tens of thousands of users across a prestigious client base in sales and trading, corporate and investment banking, and investment management.

Phil Dias

Board Advisor

Phil co-founded Tier1 with Mark Notten in 2008. An integral part of the management team, he led all business operations at the company including working in partnership with the management team to support the company’s strategic objectives, managing financial and business planning activities and human resource and legal functions. Phil’s many years of experience in implementations enable him to bring that knowledge to all areas of the company as it grows.  In January 2021, Phil moved into the role of Board Advisor where he continues to provide guidance on strategic initiatives.

Phil is the former CEO of SWI Systemware, and has more than 20 years in the nuclear and financial sectors with deep management, sales and operations experience.


In 2017, Tier1 Financial Solutions received significant equity capital to accelerate growth from a group of investors led by Wavecrest Growth Partners with participation from MassMutual Ventures and Salesforce Ventures.