Acquisition strengthens cloud, connectivity and security portfolio and strengthens industry expertise, infrastructure and customer base 11:11
11:11 Systems (“11:11”), a provider of managed infrastructure solutions, today announced the acquisition of Static1, a leader in managed network and IT infrastructure development and services. To improve productivity, efficiency and security for its clients, Static1 designs, builds, operates and optimizes IT infrastructure.
The the enterprise network infrastructure market is valued at $56 billion as of 2021 and is expected to grow significantly over the next five years. The changing dynamics of telecommuting and the increasing need for bandwidth and technology to go wireless are the main drivers for the growth of the connectivity market. IT leaders must ensure application and data connectivity anywhere, anytime, but most businesses lack the internal resources to manage these new complex infrastructure requirements.
“Customer feedback has shown that there is a dearth of offerings that integrate cloud, connectivity and security into a single platform,” said Brett Diamond, CEO of 11:11 Systems. “We are focused on providing a platform for these three core pillars, while ensuring that our customers’ applications and data are always up, available and secure. Static1 is a natural addition to our portfolio, especially with the team’s significant depth of connectivity. With this acquisition, we will strengthen our existing managed services and add deep industry expertise and relationships to our portfolio.”
Static1 is a leader in complex industries such as media, entertainment, pharmaceuticals, retail, financial services and nonprofits. Their services cover a wide range from connectivity to security management to monitoring, network, infrastructure and SD-Wan technology. With this acquisition, Static1’s team and technologies will complement 11:11’s recent acquisitions of Unitas, Cleareon, iland and Green Cloud Defense, each of which are market leaders in cloud, communications and security.
“11:11 and Static1 share a vision to solve the most pressing problems facing businesses,” added Anthony Labreto, President and CTO of Static1. “This exciting step forward benefits our customers with continued best-in-class support, increased uptime, reliability and security, while benefiting from access to the full range of targeted solutions that 11:11 has to offer.”
11:11 is supported Tiger Infrastructure Partnersa mid-tier private equity firm that invests in the development of infrastructure platforms.
Q Advisors, TMT’s global boutique investment banking firm, acted as exclusive financial advisor to 11:11 Systems in connection with this transaction. Perkins Coy acted as legal counsel to 11:11 Systems. Terms of the deal were not disclosed.
AT 11:11 SYSTEMS
11:11 Systems is a managed infrastructure solutions provider that holistically addresses next-generation managed cloud challenges, connectivity and security requirements. The 11:11 model empowers customers and partners to “reimagine Connected,” which includes fully integrated, fully automated services, activities, and data running on a single platform, delivering increased productivity, optimization, and cost savings. Learn more at 11:11 a.m. Systems.com.
ABOUT STATICS1
Static1 is a managed services expert that focuses on customers who need solutions to handle complex data sets, share high-throughput files worldwide, manage remote workforces while protecting data security and integrity, and more. With the tools, processes and knowledge to design, build, run and optimize IT infrastructures, Static1 builds what companies need and serves what companies build, proud to help customers better anticipate, manage, integrate and collaborate. For more information and a full overview of the capabilities, visit Static1 at www.static1.com
ABOUT TIGER INFRASTRUCTURE PARTNERS
Tiger Infrastructure Partners is an innovative mid-cap private equity firm that invests in emerging and growing infrastructure platforms. Tiger Infrastructure focuses on investments in communications (digital), energy transition, transportation and related sectors, primarily located in North America and Europe. For more information visit www.tigerinfrastructure.com.
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