11:11 Systems To Acquire Recovery Business Of Sungard Availability Services
Oct 05, 2022•about 3 years ago
Acquiring Company
11:11 Systems
Acquired Company
Sungard Availability Services
Description
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.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed