- Expands Cloud and Security capabilities powering customers to unlock the full potential of an estimated $1 trillion EBITDA value of cloud transformation**
- Delivers Managed Network Connectivity solutions to Green Cloud’s industry-leading national channel partner network of 700+ Managed Service Providers, Value-Added Resellers, and IT consultants serving 2,000+ businesses
- Leverages 11:11’s capital investments into increased automation and technology initiatives to accelerate Green Cloud growth to new levels
- Boosts the potential of Green Cloud’s prior acquisition of Cascade Defense and deepened relationship with Fortinet, a global leader in broad, integrated, and automated cybersecurity solutions to deliver fully managed Security Information and Event Management (SIEM) services, Security Operating Center as-a-service (SOCaaS), and Endpoint Detection and Response (EDR) services
Fairfield, NJ, December 2, 2021 — 11:11 Systems (“11:11”), a managed infrastructure solutions provider, announced today that it has closed the previously announced acquisition of Green Cloud Defense (“Green Cloud”), one of the largest independent channel-only cloud Infrastructure-as-a-Service (IaaS) providers in the United States.
This acquisition positions 11:11 for rapid growth in their strategy to bring together a platform to deliver Connectivity, Cloud, and Security solutions to lead in an untapped Total Addressable Market (TAM) of more than $750B,* allowing a huge growth opportunity across all three platforms.
The business combination will deliver, among others, the following financial and strategic benefits for 11:11 and Green Cloud: