Written by Amy Ralls | Dec 17, 2021 5:00:00 AM
FAIRFIELD, NJ -
December 16, 2021 -
11:11 Systems (“11:11”), a managed infrastructure solutions provider, has signed a definitive agreement to acquire
iland, the award-winning global cloud service provider of secure and compliant hosting for infrastructure (IaaS), disaster recovery (DRaaS), and backup as a service (BaaS). iland complements 11:11’s recent closing of its
Green Cloud Defense acquisition. The combination of the three organizations will enable 11:11 to deliver the full spectrum of connectivity, cloud, and security solution sets across Channel, SMB, and Enterprise. It will provide 11:11 with an unmatched go-to-market engine and expand 11:11’s reach by adding a new global data footprint. “The acquisition of iland is a major step in unifying all aspects of connectivity, cloud, and security to fast-track our company growth across all three solution pillars,” says Brett Diamond, CEO of 11:11 Systems. “iland is core to our strategy to become the leading managed infrastructure solutions provider, driving growth by providing a single source for customers.” “Joining 11:11 Systems will create a pathway to rapidly provide our customers with meaningful new connectivity and security offerings,” comments Scott Sparvero, CEO and co-founder, and Brian Ussher, President, and co-founder of iland. “Aligning iland and 11:11 Systems visions will address our customers’ need to simplify the management of their infrastructure into the hands of a few trusted vendors, so they can focus on more pressing initiatives like their mission-critical applications, edge computing, and AI.” 11:11 is backed by
Tiger Infrastructure Partners, a middle-market private equity firm that invests in growing infrastructure platforms.
Q Advisors, a global TMT investment bank, acted as financial advisor to 11:11 Networks in connection with this transaction.