Houlihan Lokey Advises Ntirety

Houlihan Lokey is pleased to announce that Ntirety, Inc., has been acquired by 11:11 Systems, Inc. (11:11), a portfolio company of Tiger Infrastructure Partners LP (Tiger). The transaction closed on December 22, 2025.

Ntirety is a provider of cloud and infrastructure services to middle-market and enterprise clients, with a strong focus on data and security services and deep experience with VMware-based infrastructure environments. Ntirety serves more than 700 customers across North America, with over 200 employees and presence in seven data centers. Ntirety was formed in 2018 following the merger of Hosting.com (the enterprise cloud services segment rebranded as Ntirety) and Hostway (the SMB web hosting segment rebranded as NetNation). Since the merger, both companies have operated as independent organizations with stand-alone management and infrastructure. NetNation is not part of the transaction and will continue to operate as an independent company.

11:11 is a leading managed infrastructure provider that empowers customers to modernize, protect, and manage mission-critical applications and data on its resilient cloud platform. 11:11 has deep operational expertise with VMware-based environments. Over the past three years, 11:11 has acquired five major VMware-based businesses (iland Cloud, Green Cloud Defense, Unitas Global, Sungard Availability Services, and Faction) and now supports more than 6,000 customers globally.

Following recent changes by Broadcom to the VMware Cloud Service Provider (VCSP) program, which optimized the number of authorized partners, 11:11 has solidified its position as a core strategic partner. As a VCSP Pinnacle partner, 11:11’s strategy is to provide a secure and reliable path forward for former VCSPs and their customers. The company is actively working with these providers to ensure their customers have ongoing access to a secure, compliant, and high-performing VMware cloud infrastructure, as demonstrated by its recent acquisition of Ntirety’s global VMware business.

Tiger is an innovative, middle-market private equity firm that invests in new and growing infrastructure platforms. It targets investments in communications (digital), energy transition, transportation, and related sectors, primarily located in North America and Europe. Tiger has partnered with 11:11 since its acquisition of the platform in 2021.

Houlihan Lokey served as the exclusive sellside financial advisor to Ntirety in connection with this transaction.

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