FAIRFIELD, NEW JERSEY- 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 Systems in connection with this transaction.
We have worked with Q Advisors for over a decade from capital raise to sale relating to Hudson Fiber Networks. The firm combines the execution capabilities of a much larger Wall Street firm with the hands on senior level attention of a TMT boutique investment bank. The QA team supported 11:11 from start to finish and guided us through two complex M&A deals and related equity and debt capital raises within the past quarter, working closely with us as an extension of our team. We look forward to more great things together with Q Advisors in the future.”Brett Diamond, Founder & CEO, 11:11 Systems