11i Solutions Acquires Infinity Technology

11i Solutions, has acquired Infinity Technology, Inc., a software and engineering firm that specializes in quality assurance services for high-profile military, aerospace and next-generation spacecraft manufacturers.

"Infinity's capabilities enable them to provide secure logistics for aerospace, outer space or in cyberspace for our military in Iraq, Afghanistan and around the world,” said Domingo M. Silvas III, chairman and CEO of 11i Solutions.

“This acquisition enables us to dramatically enhance the range of services we can offer to our clientele, whether commercial or government and has the potential to significantly increase our top line growth," said Silvas III.

"Infinity Technology is pleased to now be part of the 11i Solutions family," said Guy Juzang, president of Infinity Technology.

"This acquisition marks a technological turning point for Infinity and enables us to further expand and complement our Secured Information Logistics? solutions, especially with the upcoming deployment of new products due to launch later this spring from 11i Solutions," said Juzang.

Recently 11i Solutions, a pioneering wireless infrastructure architect and solutions developer, announced it has closed out its convertible bridge financing round of $1.8 million, with strong support from its financial sponsor, private New York investment firm, Steel Pier Capital Advisors.

To date, Steel Pier has provided initial growth capital and led the bridge financing round. They have also provided introductions to potential strategic partners and acquisition candidates, as well as on-going corporate advisory services.

The relationship has assisted 11i Solutions in securing capital to fund both its organic growth as a provider of wireless technology solutions to governments and enterprises, and its acquisition of complementary companies and technologies.