{"id":832080,"date":"2022-11-04T06:00:34","date_gmt":"2022-11-04T05:00:34","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/1111-systems-completes-acquisitions-of-sungard-availability-services-recovery-business-and-cloud-managed-services-business\/"},"modified":"2022-11-04T06:00:34","modified_gmt":"2022-11-04T05:00:34","slug":"1111-systems-completes-acquisitions-of-sungard-availability-services-recovery-business-and-cloud-managed-services-business","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/private-capital-in-north-america\/1111-systems-completes-acquisitions-of-sungard-availability-services-recovery-business-and-cloud-managed-services-business\/","title":{"rendered":"11:11 Systems Completes Acquisitions of Sungard Availability Services\u2019 Recovery Business and Cloud Managed Services Business"},"content":{"rendered":"

\nMerged Businesses Add to 11:11’s Suite of Market Leading Cloud, Connectivity and Security Solutions\n<\/p>\n

FAIRFIELD, N.J.–(BUSINESS WIRE)–#PE<\/a>—11:11 Systems<\/a> (\u201c11:11\u201d), a managed infrastructure solutions provider, today announced the completion of both the acquisition of Sungard Availability Services\u2019 (\u201cSungard AS\u201d) Recovery Services business and Sungard AS\u2019 Cloud and Managed Services (CMS) business. Bringing 11:11\u2019s total acquisitions to seven in the past year, the combined offerings and consulting team capabilities establish 11:11 as a market leader in cloud, connectivity and security with nearly 5,000 customers and over 60 global cloud points of presence.\n<\/p>\n

<\/a><\/p>\n

\nResearch from Gartner\u00ae<\/a> found that \u201c75% of organizations are pursuing security vendor consolidation in 2022, up from 29% in 2020.\u201d 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 of the acquired brands will eventually operate as 11:11 Systems.\n<\/p>\n

\n\u201cOver 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,\u201d said Brett Diamond, CEO, 11:11. \u201cWith 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 each of the cloud, connectivity and security experts, our interconnected team is equipped to handle a wide spectrum of customer challenges \u2013 from the simple to the complex \u2013 now giving customers more options, speed and efficiency.\u201d\n<\/p>\n

\nLearn more about 11:11 and its offerings at: https:\/\/1111systems.com\/<\/a>\n<\/p>\n

\n11:11 is backed by Tiger Infrastructure Partners<\/a>, a middle-market private equity firm that invests in growing infrastructure platforms.\n<\/p>\n

\nQ Advisors, a global TMT investment banking boutique, acted as 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.\n<\/p>\n

\nGartner Press Release, Gartner Survey Shows 75% of Organizations Are Pursuing Security Vendor Consolidation in 2022, September 13, 2022, https:\/\/www.gartner.com\/en\/newsroom\/press-releases\/2022-09-12-gartner-survey-shows-seventy-five-percent-of-organizations-are-pursuing-security-vendor-consolidation-in-2022<\/a>. GARTNER 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.\n<\/p>\n

\nABOUT 11:11 SYSTEMS
\n
11:11 Systems is a managed infrastructure solutions provider that holistically addresses the challenges of next-generation managed cloud, connectivity and security requirements. The 11:11 model empowers customers and partners to \u201cRethink Connected,\u201d which includes fully-integrated, fully-automated services, activities and delivering increased performance, optimization and savings. Learn more at 1111Systems.com<\/a>.\n<\/p>\n

\nABOUT TIGER INFRASTRUCTURE PARTNERS
\n
Tiger Infrastructure Partners is an innovative, middle-market private equity firm that invests in new and growing infrastructure platforms. Tiger Infrastructure targets investments in communications (digital), energy transition, transportation, and related sectors, primarily located in North America and Europe. For more information, visit www.tigerinfrastructure.com<\/a>.\n<\/p>\n

Contacts <\/p>\n

\nCandice Mayan
\n
cmayan@1111systems.com<\/a>
440-879-8643<\/p>","protected":false},"excerpt":{"rendered":"

Merged Businesses Add to 11:11’s Suite of Market Leading Cloud, Connectivity and Security Solutions FAIRFIELD, N.J.–(BUSINESS WIRE)–#PE—11:11 Systems (\u201c11:11\u201d), a managed infrastructure solutions provider, today announced the completion of both the acquisition of Sungard Availability Services\u2019 (\u201cSungard AS\u201d) Recovery Services business and Sungard AS\u2019 Cloud and Managed Services (CMS) business. 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