11:11 Systems Completes Acquisitions of Sungard Availability Services’ Recovery Business and Cloud Managed Services Business
Summary
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. “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. The 11:11 model empowers customers and partners to “Rethink Connected,” which includes fully-integrated, fully-automated services, activities and delivering increased performance, optimization and savings. Tiger Infrastructure targets investments in communications (digital), energy transition, transportation, and related sectors, primarily located in North America and Europe.