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Q Advisors Represents 11:11 Systems in its Acquisition of Unitas Global’s Managed Service and Cloud Assets and Cleareon Fiber Networks’ Connectivity Assets
27 May, 2022
FAIRFIELD, NJ
- May 16, 2022 -
11:11 Systems, (“11:11”), a managed infrastructure solutions provider, today announced the acquisition of certain managed service and cloud infrastructure assets from
Unitas Global. The transaction includes specific managed services customers, cloud infrastructure and contracts. It is estimated that by 2025,
over 95% of new digital workloads will be deployed on cloud-native platforms. With this acquisition, 11:11 adds new cloud assets and customers to its portfolio, which will serve to strengthen and deepen 11:11’s manages cloud services offerings. The addition of Unitas and
Cleareon’s connectivity assets and customer contracts to the 11:11 portfolio adds a world-class base of wholesale carrier communications to 11:11’s global customer ecosystem, providing customers with the added benefit of enhancing their cloud environments by gaining access to the full spectrum of 11:11’s cloud, connectivity and security solutions delivered through the recent acquisitions of iland and Green Cloud Defense. “We continue to make significant progress towards our mission to become the industry standard in cloud, connectivity and security solutions,” said
Brett Diamond, CEO, 11:11 Systems. “These recent acquisitions including adding assets from Unitas and Cleareon not only substantively advance this mission, but also provide all of our global customers with an arsenal of new tools to ensure that their mission critical applications and data are always running, accessible and protected.” “11:11 was the perfect choice to continue to enable and strengthen the digital journey for our valued managed service and cloud infrastructure customers,” said Todd Barrack, SVP Operations, Unitas Global. “Their innovative roadmap and dedication to customer service will ensure that our customers have everything they need to compete in the cloud era, and the fact that 11:11 is a leader in security, backups, and disaster recovery will provide critical new services to fight cybersecurity threats.” 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 banking boutique, acted as exclusive financial advisor to 11:11 Systems in connection with this transaction.
