Divestiture • Internet Software and Services

11:11 Systems Acquires Sungard - Recovery Services business

On October 5, 2022, 11:11 Systems acquired internet software and services company Sungard - Recovery Services business from Sungard Availability Services

Acquisition Context
  • This is 11:11 Systems’ 4th transaction in the Internet Software and Services sector.
  • This is 11:11 Systems’ 6th transaction in the United States.
  • This is 11:11 Systems’ 2nd transaction in Pennsylvania.

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M&A Deal Summary

Date October 5, 2022
Target Sungard - Recovery Services business
Sector Internet Software and Services
Buyer(s) 11:11 Systems
Sellers(s) Sungard Availability Services
Deal Type Divestiture

Target Company

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.
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Buyer Overview 1

Buyer

11:11 Systems

Fairfield, New Jersey, United States

Category Company
Founded 2020
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 was founded in 2020 and is based in Fairfield, New Jersey.


Deal Context for Buyer #
Overall 6 of 6
Sector: Internet Software and Services 4 of 4
Type: Divestiture 3 of 3
State: Pennsylvania 2 of 2
Country: United States 6 of 6
Year: 2022 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-24 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.

Buy -

Seller Profile 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 Context for Seller #
Overall 5 of 5
Sector: Internet Software and Services 2 of 2
Type: Divestiture 5 of 5
State: Pennsylvania 3 of 3
Country: United States 4 of 4
Year: 2022 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-24 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.

Sell -