FAIRFIELD, NJ–(BUSINESS WIRE)–11:11 Techniques, a managed infrastructure options supplier, at present introduced that it has entered into an Asset Buy Settlement to purchase Sungard Availability Providers Restoration Providers enterprise. The events anticipate receiving chapter court docket approval of the sale by mid-October, and the transaction is predicted to shut later this fall alongside 11:11 Techniques’ simultaneous acquisition of Sungard AS’ Cloud and Managed Providers (CMS) enterprise.
As soon as accomplished, buying these two Sungard AS companies will cement 11:11 Techniques as one of many largest and most skilled cyber resiliency and catastrophe restoration suppliers. Firstly of 2022, 11:11 Techniques introduced the acquisition of each Inexperienced Cloud Protection and iland, two market leaders within the cyber resilience and catastrophe restoration area.
As soon as the 2 Sungard AS acquisitions are full, the mixed sources, expertise, expertise, resolution choices and buyer and associate ecosystems will likely be introduced collectively to ascertain an in-depth, complete and international cyber resilience and catastrophe restoration apply inside 11:11.
Additional, the addition of Sungard AS’ infrastructure restoration, backup and vaulting, managed restoration and consulting providers will completely complement 11:11’s cloud, backup, catastrophe restoration and managed safety resolution suite. This mixture of options, providers and experience kind probably the most full cloud, restoration and resiliency providing out there whatever the buyer use case or the place knowledge resides.
“We all know that greater than half of all corporations at present have skilled some kind of cyber-attack inside the previous 18 months. With these strategic acquisitions, 11:11 Techniques is the most suitable choice in the marketplace for serving to clients of any dimension – regardless of how easy or advanced their wants are – put together for and defend towards cyber-attacks and different enterprise interruptions,” mentioned Brett Diamond, CEO, 11:11 Techniques. “We’re bringing collectively the market’s greatest gamers in cyber resilience, harnessing their expertise and energy and can add to it an innovation platform that won’t solely convey our mixed buyer ecosystem safely into the long run, but additionally will optimize their environments for effectivity, price and availability.”
Collectively, the businesses integrating into the 11:11 Techniques platform have been acknowledged for the next:
- iland named a Chief and Sungard AS named a Visionary in key analyst report for Catastrophe Restoration as a Service
- Sungard AS cited as a Chief and iland cited as a Sturdy Performer in key Catastrophe-Restoration-As-A-Service Suppliers report
- VMware Cloud Verified standing achieved by Inexperienced Cloud, iland and Sungard AS
- Veeam Cloud & Service Supplier Impression Associate of the Yr, North America: iland named in 2021 for the sixth time
- Zerto Cloud Associate of the Yr Award: island named in 2020 for the fourth time
- Zerto Alliance Associate – Gold Associate standing achieved by iland and Sungard AS
Additional Sungard AS has been acknowledged for the next:
- Enterprise Continuity Institute (BCI) Corridor of Fame
- Amazon Net Providers Storage Competency Standing, Managed Service Supplier Associate Standing, and Superior Consulting Associate within the AWS Associate Community- Sungard AS
As part of this transaction, 11:11 will acquire a big group of extremely expert workers in addition to 13 new cloud factors of presence, which when mixed with the 13 cloud factors of presence included in 11:11’s acquisition of Sungard AS’ CMS enterprise totals 26 new cloud factors of presence for 11:11’s clients.
“Our purpose is to reinforce the cyber resiliency and catastrophe restoration group inside 11:11 Techniques by combining the perfect expertise from the trade’s high knowledge safety suppliers to increase choices for our current clients and blaze the trail for enterprise resiliency sooner or later,” he mentioned Justin Giardino, CTO, 11:11. “The effectively of expertise, experience and resolution excellence is deep, and we intend to totally optimize this distinctive alternative to the good thing about our buyer and associate ecosystem.”
11:11 is backed by Tiger Infrastructure Companions, a middle-market non-public fairness agency that invests in rising infrastructure platforms.
Q Advisors, a worldwide TMT funding banking boutique, acted as unique monetary advisor at 11:11 in reference to this transaction. Perkins Coie acted as authorized advisor to 11:11. The phrases of the transaction weren’t disclosed.
ABOUT 11:11 SYSTEMS
11:11 Techniques is a managed infrastructure options supplier that holistically addresses the challenges of next-generation managed cloud, connectivity and safety necessities. The 11:11 mannequin empowers clients and companions to “Rethink Related,” which incorporates fully-integrated, fully-automated providers, actions and delivering elevated efficiency, optimization and financial savings. Study extra at 1111Systems.com.
ABOUT TIGER INFRASTRUCTURE PARTNERS
Tiger Infrastructure Companions is an modern, middle-market non-public fairness agency that invests in new and rising infrastructure platforms. Tiger Infrastructure targets investments in communications (digital), power transition, transportation, and associated sectors, primarily positioned in North America and Europe. For extra data, go to www.tigerinfrastructure.com.