Late last week, Tiger Infrastructure Partners, the middle-market private equity investor in North American and European infrastructure and other real assets firms, announced that it will invest in managed IT infrastructure services provider 11:11 Systems, whose clients include network services, cloud, and security firm. This will be Tiger Infrastructure’s second partnership with 11:11 Systems CEO Brett Diamond. Tiger Infrastructure previously partnered with Diamond through its investment in Hudson Fiber Network (HFN), which culminated in the successful sale of HFN to ExteNet Systems in August 2018.
According to itself, 11:11’s strategy is to holistically address the challenges of next-generation managed cloud, security, and connectivity infrastructure requirements by advancing network infrastructure capabilities within a single, fully integrated, and automated service delivery platform. The company is focused on organic growth of its existing business as well as acquisitions in the managed network services, cloud, and security sectors.
Shortly after the Tiger Infrastructure investment was announcement, 11:11 announced the unveiling of its digital infrastructure management model. The company points to recent research from the Boston Consulting Group, which holds that while 80 percent of companies say they plan to accelerate their companies’ digital transformations, 70 percent of digital transformations fall short of stated objectives. 11:11 says its model will be the first to holistically address the challenges of next-generation cloud, security, and connectivity infrastructure requirements, spanning Wide Area Networks, Internet Access, Private Line Connectivity, and Low Latency solutions, within one, fully integrated, and automated managed infrastructure service delivery platform.
“We are delighted to back Brett Diamond again and invest in 11:11 to accelerate its growth,” said Emil W. Henry, Jr., CEO and Managing Director of Tiger Infrastructure. “We were drawn to 11:11’s strategy given the company’s vision, underlying growth of the products offered, and the stability of its recurring revenue business model. We expect to invest additional capital in the company to fund future acquisitions and growth opportunities.”
“I believe that Tiger Infrastructure will be an excellent growth capital partner for 11:11 to help drive the successful execution of our new model and vision for managed infrastructure services. Their vast experience and expertise have been integral to the success of prior ventures and we look forward to this exciting new project together,” said 11:11’s Diamond.
