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News & Views
11:11 Systems buys Sungard AS
Managed infrastructure solutions provider, 11:11 Systems (www.1111systems.com) announces it has entered into an Asset Purchase Agreement to acquire Sungard Availability Services’ (“Sungard AS”) Cloud Managed Services business. The transaction is expected to close this autumn.
As a part of this transaction, 11:11 Systems will gain a team of highly skilled employees specialising in cloud management, customer service, AWS and Azure professional services and cybersecurity. 11:11 Systems will also retain part of Sungard AS’ back-office and administrative teams. The transaction will expand 11:11's footprint to 13 additional cloud points of presence and further strengthen and deepen 11:11 Systems’ commitment to the future of cloud services.
“Sungard AS’ impressive community of enterprise cloud customers is accustomed to a technology partner that is not only expert at managing its cloud infrastructure, but also provides proven expertise in security and recovery services, and these customers will continue to enjoy those advantages with 11:11,” says Brett Diamond, CEO, 11:11 Systems. “Given these similarities, this transaction is a natural fit to enhance and strengthen our existing data centre footprint, technology stack and services.”
Justin Giardina, CTO, 11:11 Systems adds, “Sungard AS’ expertise in providing cross-platform cloud deployments and management will contribute to our future development which includes taking compliance, scalability and availability to the next level as we help our customers manage, optimize and protect their mission critical cloud environments.”
The acquisition is backed by Tiger Infrastructure Partners, a middle-market private equity firm that invests in growing infrastructure platforms and follows the other recent acquisitions of assets from Unitas Global and Cleareon Fiber Networks.
11:11 Systems has a rapidly expanding global data centre footprint that spans across North America, EMEA and APAC and services customers along its three core pillars of cloud, connectivity and security. Through its prior acquisitions of iland and Green Cloud Defense, 11:11 Systems is an established market leader in backup and disaster recovery and is one of the largest providers of IaaS services to Managed Service Providers in North America.
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