11:11 Systems buys IBM’s VMware Cloud Service Provider business

Dive Brief:

• 11:11 Systems bought select enterprise customers from IBM’s VMware Cloud Service Provider business, marking its eighth acquisition related to the virtualization software provider and eleventh overall, the company announced Thursday. Financial terms were not disclosed.
• The transaction extends the global managed infrastructure provider’s customer reach across four continents. 11:11, which calls itself the world’s largest privately held VMware Cloud Service Provider, will support incoming customers through its cloud, connectivity, security and recovery portfolio.
• The IBM deal also signals a new phase in 11:11’s growth strategy. After years of building its VMware business through acquisitions, 11:11 expects to emphasize organic growth and platform development in 2027 while remaining open to selective deals, the company’s Founder, Chairman and CEO Brett Diamond told Channel Dive.

Dive Insight:

11:11 Systems has spent several years building a global VMware cloud services operation through acquisitions. Now, the company is looking to capitalize on that scale.

11:11’s previous acquisitions “were instrumental in building the company’s global…