Category Archives: Mergers

Business, Cardiff, Mergers, Mergers & Acquisitions

Two south Wales storage businesses announce merger to drive growth and funding opportunities

CARDIFF based blue self storage Ltd (bss) and Maltings Document Storage Solutions (MDSS) have announced their merger to create a new entity branded as ‘Blue Storage Group’, while continuing to operate under the existing brands.

 

While both companies operate profitably and sustainably, the markets in which they operate are changing rapidly with the emergence of new digital technologies. Becoming a larger entity will allow greater investment in new systems and processes, and both companies to take advantage of new funding opportunities, grow operations and scale up geographically.

 

blue self storage is one of the leading container storage providers in the UK, providing storage services for homes, business, vehicles, and removal companies. The fast-growing company has facilities across the UK in Cardiff, Tyneside, Bridgend and a soon-to-be-launched Gloucester site.

 

Maltings Document Storage Solutions, based in Cardiff, provides reliable document storage and management solutions. MDSS has over 40 years’ experience providing its bespoke services in Cardiff and surrounding areas, with aspirations to expand further into England in the near future.

 

Chris Bryan, Managing Director of blue self storage, will assume responsibility for the strategic direction of the overarching entity that includes both companies, and Dean Daly will continue as Operations Director at blue self storage. Gareth Oram will also continue as a non-executive director of MDSS, with the day-to-day operations being steered by Commercial Director, Chris James.

 

Chris Bryan said “This merger will enable us to improve our current offerings, expand our services, and deliver better value to all our customers. While both businesses offer storage solutions to different industries, the infrastructure that’s required for both offerings are very similar.

 

“We have ambitious plans for Blue Storage Group; building on the recent opening of our Bridgend operation, we are currently finalising our plans to open a facility at Gloucester and have several other sites in the pipeline”

 

Gareth Oram added: “The merger represents a strategic move towards greater growth and efficiency. We believe that we will be better positioned to pursue opportunities and continue our aim to be one of the key innovators in what is a very competitive sector. Striving towards innovation, we have invested in the latest digital software and technology so that we can focus on consistent, high-quality service for all our customers, large or small.”

Acquisitions & Partnerships, Mergers, News, Tech

Cohesity Expands Data Security Alliance with Global Technology Leader Tata Consultancy Services

Cohesity has today announced that global technology leader Tata Consultancy Services (TCS) is joining the Cohesity Data Security Alliance ecosystem. Cohesity and Data Security Alliance partners offer current and potential new customers a comprehensive suite of data security and management solutions and services to help build a robust cybersecurity strategy and enhance cyber resilience.

This news builds upon Cohesity and TCS’ long standing partnership and commitment to providing modern and automated data management solutions with end-to-end security. Cohesity’s Modern Data Security and Management platform bundled with TCS’ Cyber Defense Suite, a comprehensive portfolio of security services and platforms, will bring customers a unified platform designed to improve visibility across the threat landscape, secure cloud journeys, and enhance their cyber resilience.

Joint customers will benefit from TCS’ deep domain knowledge and bespoke security solutions contextualised for specific industries such as finance, manufacturing, HLS, retail, utility, and more. With access to TCS’ large team of cyber specialists and 12 Threat Management Centers distributed across the world, joint customers will receive localised expert security services to help meet their unique business and regulatory requirements.

“Cohesity and TCS have partnered to help several  TCS clients leverage advanced data management anchored in data security,” said Dinanath Kholkar, SVP and Head of Partner Ecosystem & Alliance, TCS. “As a logical progression, we are advancing our collaboration with the broader Cohesity Data Security Alliance ecosystem to bring  next gen services offering enhanced data certainty for our customers.”

“We look forward to the continued partnership with Tata Consultancy Services as we enter into this next phase of collaboration,” said Elad Horn,  group vice president, Product, Cohesity. “TCS  shares our commitment to delivering our joint customers modern and intuitive data management solutions to help them build robust cybersecurity strategies and we are pleased to welcome them to the Data Security Alliance.”

The Cohesity Data Security Alliance was founded in November 2022, and contains 15 members including BigID, Cisco, CyberArk, Mandiant, Netskope, Okta, Palo Alto Networks, PwC UK, Qualys, Securonix, ServiceNow, Splunk, TCS, and Zscaler.

The Cohesity Data Security Alliance offers a unique and comprehensive approach to security. Through this one-of-a-kind alliance, leading cyber security, data security and management, and services vendors partner to seamlessly bridge enterprise IT and security by sharing context and enabling new workflows. This collaboration can help customers detect threats and respond to attacks faster, improve remediation, and advance cyber resilience — all while utilising their existing security and data management investments.

About Cohesity 

Cohesity is a leader in AI-powered data security and management. We make it easy to secure, protect, manage, and get value from data — across the data centre, edge, and cloud. Cohesity helps organisations defend against cybersecurity threats with comprehensive data security and management capabilities, including immutable backup snapshots, AI-based threat detection, monitoring malicious behaviour, and rapid recovery at scale. Cohesity solutions can be delivered as a service, self-managed, or provided by a Cohesity-powered partner.

Acquisitions & Partnerships, Manchester, Mergers, News, Tech, Technology

North west tech firm acquires award winning Manchester business.

HAT-TRICK: CONNECTUS SEALS THIRD ACQUISITION IN THREE YEARS

BUSINESS managed service specialists Connectus can today announce they have acquired an award winning tech business.

The acquisition of Mango Tech – named last year as the Best Cloud & IT Services Provider in Manchester – will further accelerate Connectus‘ growth in terms of customers, employees and monthly recurring revenues.

The deal, which is in line with Connectus’ ongoing growth strategy, completes a hat-trick of recent deals for the Doncaster based firm. Since 2020 they’ve acquired YouCloud IT and Cybersity. This is the first acquisition Connectus has secured since they announced a new revolving funding package with Time Finance earlier this year.

Following the acquisition, Greg Buchanan, the founder and Managing Director of Mango Tech, will become Technical Director for Connectus.  He will be based at Connectus’ main Salford Community Stadium office but will work across all regions.

 

Commenting, Roy Shelton, the CEO of Connectus, said: “This deal enhances our engineering and technical leadership, and will help swell our customer base across the North West. I am very excited about the acquisition of Mango Tech, and am delighted to welcome Greg to Connectus in the newly formed role as Technical Director.

“I have been a long term fan of Greg and his achievements over the years. I feel both the technical and commercial experience Greg brings into this new role will further fuel our growth plan. It will allow us to continue to meet the growing demand for our Connect-Protect-Collaborate IT managed services portfolio.”

 

Greg said: “I’m thrilled to be joining Connectus as Technical Director and I’m looking forward to working closely with both the leadership and engineering teams to help drive forward the company’s vision.

“The opportunities that lie ahead are incredibly exciting, and I’ll be working hard to help the business achieve its strategic objectives. Whilst the business is excited about the expertise I’m bringing to the table, I’m personally excited by this opportunity to learn from some of the industry’s brightest minds.”

 

Mango Tech was founded in 2012 and has grown to become one of Manchester’s brightest technology companies. Their ethos is to recognise the massive growth potential of each of their clients, regardless of the stage in business they are at.

They specialise in the provision of Azure Virtual Desktop, Enterprise Grade Broadband, Teams Phone Services and outsourced CTO services fit perfectly across the spectrum of businesses within the SME market.

 

Acquisitions & Partnerships, Cybersecurity, Mergers, News

Cohesity Collaborates with Microsoft to Simplify How Businesses Protect and Secure Their Data from Cyber Threats Including Ransomware Attacks

and Secure Their Data from Cyber Threats Including Ransomware Attacks

Cohesity today announced an expanded relationship with Microsoft that is focused on helping enterprises globally broaden and harden data security — critical as cyberattacks are occurring every 39 seconds with 30,000 websites hacked daily and costing the global economy $6.9 billion in 2021*.

There are two major elements to the expanded relationship between Cohesity and Microsoft.

  • Cohesity announces integrations that help IT and SecOps leaders defend against cyber threats
    • Microsoft Sentinel:Cohesity’s DataProtectbackup and recovery solution, both on-premises as well as its backup as a service offering, now integrates with Microsoft Sentinel – the cloud-native security information and event management (SIEM) platform.   Through this integration, joint customers can benefit from streamlined access to incident reporting and ransomware alerts.
    • Azure AD and Multi-factor Authentication:Azure Active Directory is a standard identity platform for Microsoft customers around the globe. Cohesity provides seamless integration with Azure AD and multi-factor authentication (MFA) to safely and securely manage and access Cohesity products, including Cohesity Data Cloudand Cohesity Cloud Services.
    • Microsoft Purview via Cohesity’s Partnership with BigID:Get actionable data intelligence for data discovery, privacy, security, and governance across your Microsoft environment with Cohesity data classification that is powered by BigID. BigID has built integration with Microsoft Purview that joint customers can benefit from.
  • Cohesity Cloud Services are now available on Azure, empowering Microsoft customers to easily protect and secure their data across hybrid environments 
    • Cohesity FortKnox,Cohesity’s popular SaaS cyber vaulting service, provides another layer of protection with predictable data recovery. Live demos and product previews of Cohesity FortKnox on Azure are available now, with general availability planned in the coming months.
    • Cohesity DataProtect delivered as a service,an easy-to-use enterprise-grade backup as a service (BaaS) offering, now supports Microsoft 365. Customers can use Cohesity’s BaaS offering, which protects critical SaaS, cloud-native, and on-premises data, to back up their Microsoft 365 data to a data plane hosted on Azure.

Ushering in a New Era in Deriving Value from Data

Cohesity, which is already using AI to help customers detect anomalies that can indicate a cyberattack in play, believes AI can be used in other ways to rapidly analyse vast volumes of data and enable IT and security operations to respond to a security breach — faster and with improved accuracy.

Today, Cohesity announced that it will put forth its AI-ready data structure that, when combined with OpenAI, will advance generative AI initiatives around threat detection, classification, anomaly detection, and more. To hear more about the impact AI can have on data security and management, Cohesity’s expanded relationship with Microsoft, and opportunities for customers to secure, protect, and derive value from data, watch this special edition of Spotlight on Security on April 11 which will feature key Microsoft and Cohesity executives.

“Cohesity is integrating with Microsoft’s broad platforms across security, cloud and AI – all in order to help joint customers secure and protect their data against escalating cyberattacks,” said Sanjay Poonen, CEO and president, Cohesity. “This expanded collaboration will make it simple for thousands of Microsoft customers and ecosystem partners to access Cohesity’s award-winning platform, including its differentiated benefits of scalability, simplicity and security, in hybrid-cloud or multicloud scenarios.”

“We utilise both Cohesity and Microsoft solutions today and are excited about this expanded focus on advancing security, utilising cloud innovations to promote cyber resilience, and getting more valuable insights from data,” said Niall Townley, backup administrator, Community Health Plan of Washington. “As organisations like ours continue to accelerate the move to a hybrid and multicloud world, it’s great that we can also continue to manage data simply and securely, wherever it’s located, via the Cohesity Data Cloud platform. Together, all these benefits help us optimise the cloud while also mitigating risk from cyber threats.”

With so many organisations expanding their data footprints into hybrid and multicloud environments, attack vulnerabilities are increasing, and data security and protection is becoming more complex. Cohesity seeks to meet customers where they are, whether on-premises or across multiple cloud providers,” said Phil Goodwin, research vice president, IDC. “Cohesity strives to help customers get more value from data through better data logistics, a key part of which is data security and protection. We think integrating with Microsoft Azure will help Cohesity and its customers to stay a step ahead of cyber criminals through more intelligent security now and with other interesting use cases to follow.”

Acquisitions & Partnerships, Mergers, Mergers & Acquisitions, News, Tech

WSO2 Expands Global Distribution of API Management Solution Through Partnership with Global IT Solutions Aggregator TD SYNNEX 

The partnership brings joint cloud-based offerings for API management, integration, and customer identity and access management to help more companies innovate faster 

WSO2, the leader in digital transformation technology, announced a new partnership with leading global IT distributor and solutions aggregator TD SYNNEX. This partnership brings WSO2’s industry-leading software for API management, integration, and customer identity and access management (CIAM) to TD SYNNEX’s expansive global IT ecosystem.

In a survey of 500 IT decision-makers, the vast majority agree on three factors that are key to driving better digital experiences, as well as gaining and maintaining a competitive advantage: improved security (90%), cloud adoption (89%), and API integration (82%). Yet too often, getting these technologies to work together seamlessly increases the costs and time needed to bring new digital services and applications to market.

Through their partnership, WSO2 and TD SYNNEX will help mutual customers significantly lower the barriers to delivering new digital services and software-as-a-service (SaaS) offerings that create seamless experiences. WSO2 uniquely brings together industry-leading cloud-native technologies for API management, integration and customer identity and access management, including robust business-to-business and business-to-consumer CIAM.

“With today’s economic uncertainty and shrinking budgets, enterprises and SaaS companies are challenged to innovate faster without expanding their development teams. We’re proud to partner with TD SYNNEX to help more customers than ever to address this need and drive accelerated growth through our joint cloud-based solution,” said Moses Mathuram, vice president, of GSI alliances and strategic partnerships at WSO2. “As we continue to strengthen our partner ecosystem, we look forward to expanding the number of companies of all sizes that can take advantage of our industry-leading, open-source solutions for API management, integration and CIAM to speed time to market cost-effectively.”

Benefits of this partnership include:

  • New business offering that enables seamless API management monetisation, with every front- and back-end transaction managed in one place
  • Ease of access to WSO2’s market-leading API management, integration, and customer identity and access management solutions
  • Business value in reducing the cost of development with no need for businesses to build out their own elaborate infrastructure or hire technically diverse teams
  • Greater efficiencies from reducing time-to-market delivery and complexity with service and support

 

“TD SYNNEX is committed to uniting IT solutions that deliver business outcomes today and unlock growth for the future,” said Cheryl Neal, vice president of new vendor acquisition and global solutions at TD SYNNEX.“ With WSO2 added to our vast portfolio of vendor partners, we’re able to enrich the breadth and depth of our offerings so customers can do great things with technology.”

To learn more about WSO2’s partner program, please visit wso2.com/partners/.

 

About WSO2

Founded in 2005, WSO2 enables thousands of enterprises, including hundreds of the world’s largest corporations, top universities, and governments, to drive their digital transformation journeys—executing more than 60 trillion transactions and managing over 1 billion identities annually. Using WSO2 for API management, integration, and customer identity and access management (CIAM), these organisations are harnessing the full power of their APIs to securely deliver their digital services and applications. Our open-source, API-first approach to software that runs on-premises and in the cloud helps developers and architects to be more productive and rapidly compose digital products to meet demand while remaining free from vendor lock-in. WSO2 has over 900 employees worldwide with offices in Australia, Brazil, Germany, India, Sri Lanka, the UAE, the UK, and the US. Visit https://wso2.com to learn more.

 

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We’re an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX’s approximately 23,500 co-workers are dedicated to uniting compelling IT products, services and solutions from 1,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem.

For more information, visit www.TDSYNNEX.com

Acquisitions & Partnerships, Mergers, Tech, Technology

Lumen Enters into Agreement Regarding Divestiture of EMEA Business to Colt Technology Services for $1.8B

Transaction will strengthen Lumen’s financial position and sharpen strategic focus

Lumen Technologies (NYSE: LUMN) and Colt Technology Services (Colt), a digital infrastructure company, announce today they have entered into an exclusive arrangement for the proposed sale of Lumen’s Europe, Middle East and Africa (EMEA) business to Colt for $1.8 billion. This represents a very attractive multiple (~11x) for Lumen’s EMEA business and will create additional value for its shareholders. More information on this transaction can be found in Lumen’s 8-K to be contemporaneously filed with this release.

The envisaged transaction is subject to customary conditions and would involve the divestiture by Lumen of its EMEA business, including its terrestrial and subsea networks, data centres and network equipment in the region to London-headquartered Colt. Upon completion, the transaction will further Lumen’s strategic focus on investing in core businesses that are expected to drive long-term, profitable growth.

Benefits to Lumen:

Purchase price represents a strong ~11x multiple of the EMEA business’s estimated 2021 adjusted EBITDA.
Additional capital and a streamlined portfolio will drive more focused investments on enterprise growth and help maintain Lumen’s strong balance sheet.
The terms of the transaction enable Lumen to continue to serve multinational enterprise customers through its strategic partnership with Colt.
“We are continuing to execute on portfolio optimisation at Lumen, creating additional value for our shareholders by monetising non-strategic assets at accretive multiples,” said Lumen President and CEO Jeff Storey. “This transaction would enhance our focus so we can invest more efficiently in our most strategic opportunities – our key Enterprise and Quantum Fiber initiatives – and partner with regional leaders like Colt in Europe and Cirion in Latin America to continue serving our multinational enterprise customers.”

“This transaction would mark the next chapter in Colt’s exciting story of global growth and world-class innovation,” said Keri Gilder, CEO, Colt Technology Services. “We’re deeply committed to building extraordinary connections for our people, customers and partners across our digital infrastructure. This acquisition would strengthen and extend these connections across existing and new geographies, helping us to accelerate growth and bring the power of the digital universe closer to our customers.”

Known for its commitment to customer experience and its industry-leading environmental, social and governance (ESG) performance, Colt is a global digital infrastructure business with over 60 offices around the world. The transaction will extend Colt’s infrastructure to new geographic markets, boosting the services and capabilities it delivers to global enterprises and strategic partners.

Benefits to Colt:

Extends Colt’s network into additional countries, European cities and data centres, offering businesses throughout Europe expanded fibre network connectivity.
Offers Colt access to a full range of product solutions for diversified Enterprise, Hyperscaler, Government and Wholesale customers.
Positions Colt to meet growing enterprise and international IP traffic in EMEA via extensive terrestrial and subsea reach.
Strategic partnership

Most of Lumen’s EMEA employees would join Colt after the transaction closes. Colt and Lumen will establish a strategic relationship that will enable Lumen to continue delivering a seamless experience for its multinational customers with needs in EMEA. The partnership will also allow Colt to continue serving the needs of the EMEA-based customers with service needs outside of EMEA.

“Lumen has a strong interest in Colt’s success, and we expect to remain a close business partner and key customer,” said Storey. “Colt’s strong reputation and customer focus make them the ideal partner to serve the needs of our customers, and we expect to remain Colt’s partner of choice for their customers’ needs in North America.”

“Colt and Lumen share values, and a drive to deliver outstanding customer experience,” said Gilder. “This combination is powered by amazing people and incredible infrastructure and is inspired by technology’s ability to change the way we live and work.”

Lumen and Colt envisage the transaction would close as early as late 2023 upon receipt of all regulatory approvals in the U.S. and certain countries where Colt operates, as well as the satisfaction of other customary conditions.

The purchase agreement contains various customary covenants for transactions of this type, including various indemnities and purchase price adjustments.

Morgan Stanley & Co. LLC is acting as financial advisor to Lumen in connection with the transaction, and Bryan Cave Leighton Paisner LLP is serving as legal advisor to Lumen. Evercore Group L.L.C. is acting as financial advisor to Colt in connection with the transaction and Baker & McKenzie LLP is serving as legal advisor to Colt.

About Lumen

Lumen is guided by our belief that humanity is at its best when technology advances the way we live and work. With approximately 400,000 route fiber miles and serving customers in more than 60 countries, we deliver the fastest, most secure platform for applications and data to help businesses, government and communities deliver amazing experiences.

Learn more about the Lumen network, edge cloud, security, communication and collaboration solutions and our purpose to further human progress through technology at news.lumen.com/home, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks in the United States.

About Colt

Colt Technology Services (Colt) is a global digital infrastructure company which creates extraordinary connections to help businesses succeed. Powered by like-minded partners and amazing people, Colt is driven by its purpose: to place the power of the digital universe in the hands of its customers, wherever, however and whenever they choose.

Since 1992, Colt has set itself apart through its deep commitment to its customers, growing from its heritage in the City of London to more than 60 offices around the world. The powerful Colt IQ Network connects 222 cities and 32 countries with more than 1000 data centres, 51 Metropolitan Area Networks and over 31,000 buildings across Europe, Asia and North America’s largest business hubs. Privately owned, Colt is one of the most financially sound companies in the sector.

Obsessed with delivering industry-leading customer experience, Colt is guided by its dedication to customer innovation, by its values and its responsibility to its customers, partners, people and planet.

For more information, please visit www.colt.net

Acquisitions & Partnerships, Low Code, Mergers, RPA

OutSystems and UiPath Announce Intelligent Automation Partnership to Help Customers Improve Productivity and Operational Efficiency

Partnership brings together leaders in Robotic Process Automation and high-performance low-code to seamlessly and securely automate complex, cross-platform applications with ease

OutSystems, a global leader in high-performance application development, and UiPath (NYSE: PATH), a leading enterprise automation software company, today announced a partnership to combine the power of the UiPath Business Automation Platform with OutSystems high-performance low-code. Together, they will enable customers to securely and intelligently automate core business processes and applications, while saving time, improving efficiency, and delivering transformational app experiences.

The partnership integrates solutions and services with a new connector that allows UiPath software robots to be managed from within OutSystems applications. The best-of-breed approach helps prevent vendor lock-in and maximizes ROI.

“Low-code application tools combined with intelligent automation are in high demand by organisations that want to improve business processes and drive transformational outcomes. With pressures to quickly adapt to ever-changing environments, organisations are focused on simplifying and speeding up development to get to the benefits of reduced costs and improved productivity. Using the latest automation strategies and tools, teams expect these tools to be seamless,” said Maureen Fleming, IDC’s Program Vice President of intelligent process automation research. “Through the new connector and partnership, UiPath and OutSystems are helping customers execute a seamless automation strategy.”

Through the partnership OutSystems and UiPath shared customers can:

Orchestrate automated processes end-to-end across departments and systems of record for maximum performance.
Reduce development times and rapidly deliver composite apps with easy-to-use design. interfaces and native integration to accelerate operational efficiency, productivity, and ROI.
Easily incorporate advanced technologies like AI and ML into business processes to automate document understanding, image analysis, language analysis, and comprehension.
Enrich app testing with enterprise-grade RPA to reduce errors and speed up quality checks by automating manual application testing.
“The pressures of digital transformation are creating a mandate for all kinds of organisations to make smarter, more efficient workplaces and effortless experiences for customers,” said Rui Pereira, Vice President of Global Channel at OutSystems. “Our high-performance low-code development approach, combined with the power of UiPath automation, provides our joint customers with a proven roadmap to higher-order efficiency gains. The result of this integration enables IT leaders to bridge the talent gaps of their teams in order to accelerate innovation and generate massive value for their organisations.”

“More than half of large enterprises today have four or more simultaneous automation initiatives1 – and this number is only expected to rise over the coming years,” said Dhruv Asher, UiPath Senior Vice President of Alliances and Business Development. “Our partnership with OutSystems will be integral to serving this growing market demand and enabling our joint customers to deploy complex automation at scale.”

Organisations like Redington Gulf and Tysers are already realising the benefits of UiPath and OutSystems for extending legacy systems, orchestrating inter-departmental automations, incorporating predictive models, and implementing customer, vendor, and partner portals. Angus Kennedy, Chief Technology Officer at Tysers, said, “By using OutSystems with UiPath robotic process automation for TConnect, our new policy lifecycle management system, we’ve been able to simplify and automate workflows with governance, improving our response times 60% while saving 400 hours per week.”

To learn more about the partnership visit: https://www.outsystems.com/partners/technology-alliance/uipath/ and https://www.uipath.com/solutions/technology/outsystems-automation.

 

Acquisitions & Partnerships, Mergers, News

11:11 Systems to Acquire Cloud Management Services Business from Sungard Availability

Acquisition Adds Strength to 11:11’s Market Leading Cloud and Security Practices

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”) Cloud Managed Services business. The transaction is expected to close this autumn.

The Cloud Managed Service business is a sophisticated, mature cloud management practice that provides transparency, control and compliance to blue-chip, enterprise customers utilising hybrid and multi-cloud environments to power their businesses. As a part of this transaction, 11:11 will gain a team of highly skilled employees specialising in cloud management, customer service, AWS and Azure professional services and cybersecurity. 11:11 will also retain part of Sungard AS’ back-office and administrative teams. The transaction will expand 11:11’s footprint to 13 additional cloud points of presence.

“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,” said Brett Diamond, CEO, 11:11. “Given these similarities, this transaction is a natural fit to enhance and strengthen our existing data centre footprint, technology stack and services.”

11:11 has a rapidly expanding global data centre footprint that spans across North America, EMEA and APAC and services customers along its three core pillars of cloud, connectivity and security. Through its prior acquisitions of iland and Green Cloud Defense, 11:11 is an established market leader in backup and disaster recovery and is one of the largest providers of IaaS services to Managed Service Providers in North America.

“Sungard AS’ expertise in providing cross-platform cloud deployments and management will contribute to our future development which includes taking compliance, scalability and availability to the next level as we help our customers manage, optimise and protect their mission critical cloud environments,” said Justin Giardina, CTO, 11:11.

11:11 is backed by Tiger Infrastructure Partners, a middle-market private equity firm that invests in growing infrastructure platforms.

Q Advisors, a global TMT investment banking boutique, acted as exclusive financial advisor to 11:11 in connection with this transaction. Perkins Coie acted as legal advisor to 11:11. The terms of the transaction were not disclosed.

 

ABOUT 11:11 SYSTEMS

11:11 Systems is a managed infrastructure solutions provider that holistically addresses the challenges of next-generation managed cloud, connectivity and security requirements. The 11:11 model empowers customers and partners to “Rethink Connected,” which includes fully-integrated, fully-automated services that deliver increased performance, optimisation and savings. Learn more at 1111Systems.com.

 

ABOUT TIGER INFRASTRUCTURE PARTNERS

Tiger Infrastructure Partners is an innovative, middle-market private equity firm that invests in new and growing infrastructure platforms. Tiger Infrastructure targets investments in communications (digital), energy transition, transportation, and related sectors, primarily located in North America and Europe. For more information, visit www.tigerinfrastructure.com.

Acquisitions & Partnerships, Mergers, News, Technology

The Data City partners with Dealroom.co

Leeds-based tech firm The Data City has announced the latest in a series of partnerships. Having reinvented the way that firms are classified into industry sectors with its Real-Time Industrial Classifications (RTICs), it is now adding data from Dealroom.co, the global data platform for intelligence on startups and high-growth companies.

The partnership means that organisations can now benefit from combining The Data City and Dealroom.co data to have the most comprehensive information for firms researching the high-tech growth market. It has particular relevance for corporate finance professionals who are looking for acquisition targets in niche sectors with The Data City reducing the usually weeks-long search process to under a minute.

RTICs were developed by The Data City as an alternative to the outdated Standard Industrial Classifications, and are based on how companies describe themselves on their website, along with data from eight separate sources including Creditsafe, Innovate UK and Companies House. Having previously worked on projects to discover the true number of firms in UK sectors such as space and satellites, and the Net Zero economy, The Data City has now teamed up with Dealroom.co to develop a service that offers the most comprehensive information on the most promising tech companies.

 

Alex Craven, CEO and co-founder at The Data City, said: “Our machine learning platform has helped find thousands of businesses that would normally be hard to identify, reducing weeks-long tasks to less than a minute. Our Real-Time Industrial Classifications have reinvented the way that firms have been classified and allow our customers to constantly check for firms in their areas of interest. Combined with Dealroom.co’s data on startups and scaleups, we have built a world-class system that will be invaluable for those working in the corporate finance and M&A sectors.

Looking for acquisition targets in niche sectors is normally a difficult and time-consuming task, due to the lack of readily-available data. Using our RTICs, corporate finance professionals can be assured that they are accessing the most accurate, up-to-date information on the market.”

 

Yoram Wijngaarde, CEO and founder at Dealroom.co said: “We’re delighted to be partnering with The Data City and combining our data  with their RTICs system. Our complementary services bring together world-leading information on high-growth tech firms, across all sectors.These are important first steps and we look forward to developing the partnership and introducing the service to corporate finance professionals worldwide. Dealroom.co and The Data City are looking forward to bringing you the most comprehensive database on acquisition targets.”