11:11 Systems to Acquire Recovery Business of Sungard Availability Services
11:11 Systems (11:11), a managed infrastructure solutions provider, today announced that it has entered into an Asset Purchase Agreement to acquire Sungard Availability Services (Sungard AS) Recovery Services business.
- 11:11 Systems (11:11), a managed infrastructure solutions provider, today announced that it has entered into an Asset Purchase Agreement to acquire Sungard Availability Services (Sungard AS) Recovery Services business.
- The parties anticipate receiving bankruptcy court approval of the sale by mid-October, and the transaction is expected to close later this fall alongside 11:11 Systems simultaneous acquisition of Sungard AS Cloud and Managed Services (CMS) business.
- Once completed, acquiring these two Sungard AS businesses will cement 11:11 Systems as one of the largest and most experienced cyber resiliency and disaster recovery providers.
- Further, the addition of Sungard AS infrastructure recovery, backup and vaulting, managed recovery and consulting services will perfectly complement 11:11s cloud, backup, disaster recovery and managed security solution suite.