11:11 Systems (11:11), a managed infrastructure solutions provider backed by Tiger Infrastructure Partners, is to acquire Sungard Availability Services’ cloud managed services business. The transaction is expected to close this autumn.
The Cloud Managed Service business is a sophisticated, mature cloud management practice that provides transparency, control and compliance to blue-chip, enterprise customers utilising hybrid and multi-cloud environments to power their businesses. As a part of this transaction, 11:11 will gain a team of highly skilled employees specialising in cloud management, customer service, AWS and Azure professional services and cybersecurity. 11:11 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.
11:11 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 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.