11:11 Systems Completes The Acquisition Of Unitas Global Managed Service And Cloud Assets And Cleareon Fiber Networks Connectivity Assets
May 16, 2022•about 3 years ago
Acquiring Company
Systems
Acquired Company
UNITAS GLOBAL, INC.
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.
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