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:

  • 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

Effective on closing Keith Coker, co-founder and former CEO of Green Cloud, is appointed as COO of 11:11, and Charles Houser, co-founder and former EVP Sales and Marketing, as SVP Agent Sales, working with Jeff Robator, CRO of 11:11. Terry Morrison will continue as CTO of Green Cloud; Don Tesner will serve as Senior Vice President of Green Cloud working with Mark Shalhoub, CFO of 11:11.

This is a very important day for our company,” says Brett Diamond, CEO, 11:11 Systems. “Since announcing this acquisition in October, the 11:11 Systems and Green Cloud teams have developed a highly effective roadmap to further deepen our value proposition across cloud, connectivity, and security for enterprises, operators, and channel partners.”

11:11 Systems provided an ideal path for Green Cloud to reward our early investors and allow our employees and partners the ability to continue to expand with a company that provides new products and a vision for growth well into the future,” says Keith Coker, COO, 11:11 Systems. “I am thrilled to join this incredible team to deliver on this vision.”

Green Cloud will continue to operate as an independent brand until full integration is complete, expected in the second quarter of 2022.

**McKinsey 2021 https://www.mckinsey.de/business-functions/mckinsey-digital/our-insights/clouds-trillion-dollar-prize-is-up-for-grabs

 

ABOUT 11:11 SYSTEMS

11:11 Systems is a managed infrastructure solutions provider invested in creating a new model empowering its customers and partners to “RETHINK CONNECTED”. Unifying connectivity, cloud and security, 11:11 provides a single source for customers to access, store, and protect their data. Fully integrated, fully automated. All services, all activities, all data, all performance, powered on a single platform.

11:11 Systems is backed by Tiger Infrastructure Partners, a middle-market private equity firm that invests in growing infrastructure platforms targeting communications, energy transition, transportation, and related sectors primarily located in North America and Europe. Learn more at 1111systems.com.

GREENVILLE, S.C. (July 6, 2021) – Green Cloud Defense (“Green Cloud”), a cloud technology and security solutions provider, today announced it has deepened its relationship with Fortinet, a global leader in broad, integrated and automated cybersecurity solutions, to provide a managed Security Information and Event Management (SIEM) service as well as an Endpoint Detection and Response (EDR) service.

The two new solutions significantly strengthen and expand the security product portfolio of Green Cloud Defense, one of the largest independent channel-only cloud Infrastructure-as-a-Service (IaaS) providers in the country. In addition to SIEM and EDR, the company also offers managed email security and managed firewall solutions, part of the Fortinet Security Fabric, to all their Managed Service Providers (MSPs) across the United States.

“As the cybersecurity landscape continues to evolve and mature, our channel partners are actively searching for solutions to provide data protection and security for their end users,” said Keith Coker, CEO. “Since the acquisition of Cascade Defense earlier this year, we’ve been laser-focused on delivering the latest technology in combatting threats like phishing, ransomware and zero day attacks and improving visibility and response times.”

Green Cloud’s managed SIEM product is powered by Fortinet’s FortiSIEM solution which helps identify insider and incoming threats that would pass traditional defenses. The company’s managed EDR service is powered by Fortinet’s FortiEDR solution which delivers advanced, real-time threat intelligence, visibility, analysis, management, and protection for endpoints both pre- and post-infection.

Today, Green Cloud Defense has 70 employees, serves 700 channel partners, operates six data centers and has a Security Operations Center (SOC) in Spokane, Washington.

Rebranding Positions Green Cloud Defense as a Full-Service Managed Security Provider More Prepared to Manage Cybersecurity Threats for MSPs

GREENVILLE, S.C. (March 4, 2021) – Green Cloud Technologies (“Green Cloud”), a cloud technology solutions provider, has closed on the acquisition of Cascade Defense, a full-service managed security service provider (MSSP) in Spokane, Washington. The acquisition has resulted in the rebranding and the renaming of Green Cloud Technologies as Green Cloud Defense, one of the largest independent channel-only cloud infrastructure-as-a-Service (IaaS) providers in the country.

Green Cloud Defense has significantly strengthened and expanded its security product portfolio and will now be offering all their Managed Service Providers (MSPs) fully managed Security Information and Event Management (SIEM) software and a Security Operating Center as-a-service (SOCaaS). Green Cloud has also obtained a Fortinet MSSP Expert partner and a full-service Security Operations Center (SOC) with the acquisition.

Green Cloud Defense’s headquarters will remain in Greenville, S.C., where Green Cloud Technologies started in 2011. Cascade Defense founders Eric Foster and Steve Sims will work in the new Green Cloud Defense Spokane office and have assumed new roles. Foster is Green Cloud Defense’s VP of Security Operations, and Sims is Green Cloud Defense’s VP of Security & Chief Information Security Officer (CISO).

“Everything we do at Green Cloud Defense is to better serve our channel partners. Bringing new talent and technology to our current offerings will take our company to the next level and give our security capabilities a significant boost,” said Keith Coker, CEO

and co-founder of Green Cloud Defense. “The rebrand will only strengthen our company and better represent our commitment to innovation and best-in-class technology and resources to better serve our partners’ security needs.”

Today, Green Cloud Defense has 70 employees, serves 700 channel partners, operates six data centers and has a new office in Spokane, Washington.

Acquisition Strengthens Green Cloud’s Cybersecurity Solutions

GREENVILLE, S.C. (February 10, 2021)Green Cloud Technologies (“Green Cloud”), a cloud technology solutions provider, has reached a definitive agreement to purchase Cascade Defense, a full-service managed security service provider (MSSP) in Spokane, Washington. The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions, and it will strengthen and expand Green Cloud’s security product portfolio.

As one of the largest independent channel-only cloud IaaS (Infrastructure-as-a-Service) providers in the country that sells cloud infrastructure to Managed Service Providers (MSPs) and Value-Added Resellers (VARs), Green Cloud is committed to providing over 650 partners with advanced cybersecurity solutions. With Cascade’s technology and expertise, Green Cloud is obtaining a Fortinet MSSP Expert partner and a full-service Security Operations Center (SOC). In conjunction with the acquisition, Green Cloud will be rolling out fully managed Security Information and Event Management (SIEM) software and a SOC as-a-service (SOCaaS) to their MSP partner ecosystem.

“Cascade Defense will accelerate our vision to better detect and respond to cyber threats and significantly strengthen our security capabilities,” said Keith Coker, CEO and cofounder of Green Cloud. “Cascade is the perfect fit for Green Cloud as we both share a passion and commitment to innovation and best-in-class technology and resources to compete in the rapidly growing security space.”

“Green Cloud has committed to expanding our product offering by investing in our people and processes,” added Steve Sims, co-founder of Cascade Defense and newly appointed VP of Security and Chief Information Security Officer (CISO) at Green Cloud. “This is an exciting time for our customers and the Cascade Defense team.”

Q Advisors, a leading Technology, Media, and Telecommunications (TMT) investment banking boutique, acted as financial advisor to Green Cloud for this transaction. Headquartered in Greenville, S.C., Green Cloud was founded in 2011, and today, the company has 70 employees and operates six world-class data centers in Atlanta, GA, Greenville, SC, Houston, TX, Minneapolis, MN, Nashville, TN and Phoenix, AZ. The acquisition of Cascade Defense will give the company an additional office in Spokane, Washington.

Veeam and Cloudian Object Lock Technology Protects Backup Files

GREENVILLE, S.C. (Nov 1, 2020) – Green Cloud Technologies (“Green Cloud”), a cloud technology solutions provider, introduces a new Secure Backup as a Service (BaaS) powered by Veeam and Cloudian to ensure protection from increasing ransomware attacks facing companies and organizations at alarming rates. The Federal Bureau of Investigations (FBI) warns attacks are more targeted, sophisticated and costly in their 2019 alert, encouraging back-ups for prevention and continuity measures.

Green Cloud’s Secure BaaS now offers channel partners a data protection feature that protects data at the storage system level by making backup data unchangeable for a set period. This ensures a clean data copy can be easily recovered in a ransomware attack, thereby preventing the need to pay ransom or risk permanent loss of valuable data.

“Our channel partners will now be able to offer a secure backup storage solution that addresses their clients’ urgent need to protect data from ransomware attacks, which have increased in frequency by 97 percent in just the last two years,” said Keith Coker, CEO and co-founder of Green Cloud. “Cloudian object storage integrates seamlessly with Veeam Availability Suite, which allows our partners to provide immutable off-site storage for a clean restore in case a cyberattack occurs.”

Veeam manages ransomware protection as part of the standard backup workflow, so there is no additional workload, and it’s automated for simple management. Secure BaaS powered by Veeam and Cloudian is HIPAA and GDPR compliant, verified in government certification testing and is certified compliant with the non-rewritable and non-erasable storage requirements of SEC 17a-4(f) and CFTC Rule 1.31 (c)-(d).

“Green Cloud’s Secure BaaS is a great example of how Cloudian and Veeam are partnering to provide customers with a modern data protection platform that safeguards digital assets against ransomware,” said Jon Toor, chief marketing officer at Cloudian. “Object storage with data immutability is the most effective way to combat this growing threat.”

Green Cloud is one of the largest independent channel-only cloud IaaS (Infrastructure-as-a-Service) providers in the country that sells cloud infrastructure products to Managed Service Providers (MSPs) and Value-Added Resellers (VARs) who need turn-key, cloud-based infrastructure solutions.

For more information on Secure Backup as a Service (BaaS), visit www.gogreencloud.com

Green Cloud Technologies (“Green Cloud”), a cloud technology solutions provider, was included in Inc. 5000’s 38th annual list of the nation’s fastest-growing private companies for four consecutive years. Founded in 2011 by successful entrepreneurs from Greenville, SC, Green Cloud is one of the largest independent channel-only cloud IaaS (Infrastructure-as-a-Service) providers in the country that sells cloud infrastructure products through several hundred channel partners across the country. Green Cloud’s three-year revenue growth is 217 percent, and only 13 percent of companies make this prestigious list four times.

“Being a part of Inc. 5000 is validation that our powerful, scaleable cloud solutions and partner enablement services are helping our partners grow and innovate,” said Keith Coker, CEO and Co-Founder of Green Cloud. If our Channel Partners aren’t successful serving small and medium size companies across the country, then we aren’t doing our job of being a trusted and advanced curator of customer solutions, especially as the complexity and vulnerability of cyber-security threats increase across the globe.”

Green Cloud’s people are the primary differentiator, and the company is laser-focused on transforming the cloud infrastructure market with talented and dedicated employees how share the company’s values and embrace the mission. Every Green Cloud team member is fully vested in the company, and 60 dedicated employees are committed to ensuring Managed Service Providers (MSPs) and Value-Added Resellers (VARs) transition their customers to the cloud with turn-key, cloud-based infrastructure solutions.

“The companies on this year’s Inc. 5000 have followed so many different paths to success,” says Inc. editor in chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.”

Companies such as Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 5000.  Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.