Unitas and Cleareon add value to 11:11’s cloud, connectivity and security platform and portfolio, deepening the company’s cloud and connectivity offerings worldwide
FAIRFIELD, NJ – May 16, 2022 – 11:11 Systems, (“11:11”), a managed infrastructure solutions provider, today announced the acquisition of certain managed service and cloud infrastructure assets from Unitas Global. The transaction includes specific managed services customers, cloud infrastructure and contracts.
It is estimated that by 2025, over 95% of new digital workloads will be deployed on cloud-native platforms. With this acquisition, 11:11 adds new cloud assets and customers to its portfolio, which will serve to strengthen and deepen 11:11’s commitment to the future of cloud services.
Through this acquisition, customers will have the benefit of enhancing their cloud environments by gaining access to the full spectrum of 11:11’s cloud, connectivity and security solutions delivered through the recent acquisitions of iland and Green Cloud Defense.
11:11 has also recently completed the acquisition of certain connectivity assets and customer contracts from Cleareon Fiber Networks. This acquisition will add a world-class base of wholesale carrier customers to 11:11’s global customer ecosystem.
“We continue to make significant progress towards our mission to become the industry standard in cloud, connectivity and security solutions,” said Brett Diamond, CEO, 11:11 Systems. “These recent acquisitions including adding assets from Unitas and Cleareon not only substantively advance this mission, but also provide all of our global customers with an arsenal of new tools to ensure that their mission critical applications and data are always running, accessible and protected.”
“11:11 was the perfect choice to continue to enable and strengthen the digital journey for our valued managed service and cloud infrastructure customers,” said Todd Barrack, SVP Operations, Unitas Global. “Their innovative roadmap and commitment to customer service will ensure that our customers have everything they need to compete in the cloud era, and the fact that 11:11 is a leader in security, backups and disaster recovery will provide critical new services to fight cybersecurity threats.”
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 Systems in connection with this transaction. Perkins Coie acted as legal advisor to 11:11 Systems. 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, activities and data powered on a single platform delivering increased performance, optimization and savings. Learn more at 1111Systems.com.
ABOUT UNITAS GLOBAL
Unitas Global is a next-generation managed network provider offering automated ubiquitous edge access to cloud everywhere. The combination of its design and price platform, Unitas Nexus™ and its global network Unitas Reach™ provides the most agile network environments that are easy to design, procure, and are fully managed. Learn more at www.unitasglobal.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.
Director of Communications
Solution suite is focused on defending customers against today’s most pressing cyber threats
FAIRFIELD, NJ – April 28, 2022 – 11:11 Systems, (“11:11”), a managed infrastructure solutions provider, today announced the launch of its Managed Security Services portfolio designed to prevent, detect and respond to malicious activities.
The FBI reports a 300% surge in reported cybercrimes and a 400% year-over-year increase in phishing attacks* since COVID-19 and the increase in the remote workforce. It also estimated that 30,000+ websites on average are hacked every day with enterprises facing a cyberattack every 39 seconds. With the increasing complexity of traditional and multi-cloud infrastructures and high sophistication of today’s cybercriminals, the need for dedicated security solutions to address evolving threats is crucial to ensuring proper protection of business-critical data. With a robust family of managed security services, 11:11 provides companies of any size the ability to prevent, detect and respond to malicious activities, freeing up IT resources to focus on their core business.
“These additional features are a natural expansion of the work we have done for years backing up our customers’ critical data and helping them to recover their applications and restore operations after security incidents,” said Justin Giardina, CTO of 11:11. “Our customers and partners will have new tools available to them to defend against those attacks. It’s an exciting step forward for the protection of our customers’ businesses.”
11:11 Managed Security Services protect networks from attacks, detect active malicious activities on endpoints and identify risks across a company’s infrastructure. With decades of cybersecurity experience, the 24x7x365 Security Operations Center will protect a business’s infrastructure from malicious cyber attacks.
11:11 Managed Security Services include:
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. The 11:11 model empowers customers and partners to “Rethink Connected,” which includes fully-integrated, fully-automated services, activities and data powered on a single platform delivering increased performance, optimization and savings. Learn more at 1111Systems.com.
Director of Communications
Jason McGee-Abe and Melissa Coffman
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:
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.
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.