Private equity, Mergers and Acquisitions, Mergers and Acquisitions

11:11 Systems Acquires Cloud Service Provider, Backup Specialist iLand

11:11 Systems, backed by private equity firm Tiger Infrastructure Partners, has acquired iLand, a cloud service provider (CSP) known for IaaS, disaster recovery (DRaaS), and backup as a service (BaaS). Financial terms of the deal were not disclosed.

This is technology M&A deal number 778 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.

11:11 Systems Acquires iLand (And Green Cloud Defense)

This is 11:11 Systems' second acquisition in recent weeks. The other deal involved Green Cloud Defense, a Top 250 MSSP, Infrastructure-as-a-Service (IaaS) and Fortinet partner that supports roughly 700 MSPs.

11:11 Systems, based in Fairfield, New Jersey, says the combined businesses will allow the company to offer connectivity, cloud, and security solution sets across channel, SMB, and enterprise customers.

In a prepared statement about the iLand deal, 11:11 Systems CEO Brett Diamond said:

“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. iland is core to our strategy to become the leading managed infrastructure solutions provider, driving growth by providing a single source for customers.”

Added iLand CEO Scott Sparvero and Preident Brian Ussher in a joint statement:

“Joining 11:11 Systems will create a pathway to rapidly provide our customers with meaningful new connectivity and security offerings. 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.”

A quick check of LinkedIn suggests that 11:11 Systems now has more than 350 employees -- spanning 11:11 (nine employees), iLand (277) and Green Cloud Defense (84).

Joe Panettieri

Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.