Tiger Infrastructure-backed 11:11 Systems to acquire the cloud managed services business of Sungard AS.

Tiger Infrastructure-backed 11:11 Systems, a managed infrastructure solutions provider, agreed to acquire the cloud managed services business of Sungard Availability Services, a provider of IT production and recovery services. Financial terms were not disclosed. “Sungard AS’ impressive community of enterprise cloud customers is accustomed to a technology partner that is not only expert at managing its cloud infrastructure, but also provides proven expertise in security and recovery services, and these customers will continue to enjoy those advantages with 11:11. Given these similarities, this transaction is a natural fit to enhance and strengthen our existing data center footprint, technology stack and services,” Brett Diamond, 11:11 CEO.