FAIRFIELD, NEW JERSEY- October 5, 2021 – Green Cloud Defense (“Green Cloud”), one of the largest independent channel-only cloud Infrastructure-as-a-Service (IaaS) providers in the United States, has announced it has entered a definitive agreement to be acquired by 11:11 Systems, a Tiger Infrastructure Partners- backed managed infrastructure solutions provider. The acquisition aims to power Green Cloud’s national channel partner network with Managed Network Connectivity solutions and is expected to be final by the end of the year.
Green Cloud Defense delivers customized cloud and security solutions through Managed Service Providers (MSPs) and Value-Added Resellers (VARs). In addition to providing IaaS capabilities to its customers, Green Cloud also offers backup and disaster recovery solutions, DaaS (Desktop-as-a-Service) and fully managed security services with a multi-layered approach. Founded in 2011, Green Cloud Defense has since expanded to own data centers in Atlanta, GA, Greenville, SC, Houston, TX, Minneapolis, MN, Nashville, TN and Phoenix, AZ.
In March 2021, Green Cloud acquired Cascade Defense, a full-service managed security service provider (MSSP), expanding its security portfolio with managed Security Information and Event Management (SIEM) and a Security Operating Center-as-a-service (SOCaaS). In addition to several national awards and accolades, Green Cloud Defense was included in Inc. 500, the most prestigious ranking of the fastest-growing private companies, consecutively for five years.
“11:11 Systems has a clear vision for a new model that empowers customers with a fully automated, integrated, and managed network infrastructure platform,” says Keith Coker, co-founder and CEO of Green Cloud. “We know this is the solution we seek to support our partners in delivering best-in-class services to their clients. We look forward to this tremendous opportunity to continue to grow our value as part of 11:11 Systems.”
Q Advisors, a global TMT investment bank, acted as exclusive financial advisor to Green Cloud in the transaction.