M&A Deal Summary

11:11 Systems Acquires Sungard - Cloud Management Services Business

On August 24, 2022, 11:11 Systems acquired internet software and services company Sungard - Cloud Management Services Business from Sungard Availability Services

Acquisition Highlights
  • This is 11:11 Systems’ 3rd transaction in the Internet Software and Services sector.
  • This is 11:11 Systems’ 5th transaction in the United States.
  • This is 11:11 Systems’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2022-08-24
Target Sungard - Cloud Management Services Business
Sector Internet Software and Services
Buyer(s) 11:11 Systems
Sellers(s) Sungard Availability Services
Deal Type Divestiture

Target

Sungard - Cloud Management Services Business

Wayne, Pennsylvania, United States
Sungard's Cloud Management Services Business is a mature cloud management practice that provides transparency, control and compliance to blue-chip, enterprise customers utilizing hybrid and multi-cloud environments to power their businesses.

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Buyer(S) 1

Buyer

11:11 Systems

Fairfield, New Jersey, United States
Category Company
Sector Information Technology
DESCRIPTION

11:11 Systems is an integrated, fully automated. All services, activities, data, and performance, powered on a single platform. 11:11 Systems is based in Fairfield, New Jersey.

DEAL STATS #
Overall 5 of 6
Sector (Internet Software and Services) 3 of 4
Type (Divestiture) 2 of 3
State (Pennsylvania) 1 of 2
Country (United States) 5 of 6
Year (2022) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-08 Static1

Boonton, New Jersey, United States

Static1 is a Managed Services Expert that focuses on clients needing solutions to process complex data sets, share high bandwidth files across the globe, 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 services what the company builds, taking great pride in helping clients anticipate, operate, integrate and collaborate better. Static1 is based in Boonton, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-05 Sungard - Recovery Services business

Wayne, Pennsylvania, United States

Sungard's Recovery Services business leverage a full suite of infrastructure and workforce recovery solutions tailored to meet business objectives. Sungard's Recovery Services business is based in Wayne, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Sungard Availability Services

Wayne, Pennsylvania, United States
Category Company
Sector Information Technology
DESCRIPTION

Sungard Availability Services (Sungard AS) is a provider of IT related services.

DEAL STATS #
Overall 4 of 5
Sector (Internet Software and Services) 1 of 2
Type (Divestiture) 4 of 5
State (Pennsylvania) 2 of 3
Country (United States) 3 of 4
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 Conapto

Stockholm, Sweden

Conapto operates two data centers and one recovery site in the Stockholm area. The business has developed from primarily offering disaster recovery services to focusing on premium colocation services and offering related solutions such as connectivity and cloud access. Conapto is based in Stockholm, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-05 Sungard - Recovery Services business

Wayne, Pennsylvania, United States

Sungard's Recovery Services business leverage a full suite of infrastructure and workforce recovery solutions tailored to meet business objectives. Sungard's Recovery Services business is based in Wayne, Pennsylvania.

Sell -
Mergr

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