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11:11 Systems Completes The Acquisition Of Unitas Global Managed Service And Cloud Assets And Cleareon Fiber Networks Connectivity Assets

May 16, 2022about 3 years ago

Acquiring Company

Systems

Acquired Company

UNITAS GLOBAL, INC.

CaliforniaPrivacy And SecuritySoftware

Description

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.

Company Information

Company

Systems

M&A Insights

Based on deal data
Integration 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