11:11 Systems, a managed infrastructure solutions provider announced the completion of the acquisition of Sungard Availability Services’ Recovery Services business and Sungard AS’ Cloud and Managed Services (CMS) business.
Combining strategic offerings
Bringing 11:11’s total acquisitions to seven in 2021, the combined offerings and consulting team capabilities establish 11:11 as a market pioneer in cloud, connectivity, and security with nearly 5,000 customers and over 60 global cloud points of presence.
Research from Gartner® found that “75% of organizations are pursuing security vendor consolidation in 2022, up from 29% in 2020.” 11:11 is meeting this growing demand by combining strategic offerings into one solution suite that addresses a range of complex customer use cases. Once the integration is complete, all acquired brands will eventually operate as 11:11 Systems.
More options, speed, and efficiency
Our team is equipped to handle a wide spectrum of customer challenges from the simple to the complex"
“Over this past year, we had the opportunity to bring together expertise, solutions, and services from leading companies, including these two Sungard AS businesses, to form the foundation of 11:11 Systems,” said Brett Diamond, CEO, 11:11. “With the strong building blocks of subject matter expertise, established products and services, and exceptional customer and partner relationships, we are thrilled to combine entities under the 11:11 brand."
"Combining the best of the cloud, connectivity, and security experts, our interconnected team is equipped to handle a wide spectrum of customer challenges from the simple to the complex now giving customers more options, speed, and efficiency.”
Transaction details
11:11 is backed by Tiger Infrastructure Partners, a middle-market private equity firm that invests in growing infrastructure platforms. Q Advisors, a global TMT investment banking boutique, acted as the exclusive financial advisor to 11:11 in connection with this transaction.
Perkins Coie acted as legal advisor to 11:11. The terms of the transaction were not disclosed. Gartner Press Release, Gartner Survey Shows 75% of Organizations Are Pursuing Security Vendor Consolidation in 2022, September 13, 2022, is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
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