PORTLAND, OR—Eleven has sold its business center managed services division to Nashville-based Uniguest. The move enables Eleven to focus solely on the growth of its software business.
According to the company, Eleven will leverage the capital from the sale to fuel its ElevenOS platform growth by scaling its software engineering, sales, partner development and operations. ElevenOS enables delivery of free WiFi, tiered bandwidth, billing and authentication, intuitive portal pages, conference WiFi management and analytics.
Founded in 2001, Eleven has delivered 99.9+% reliability and sustained annual SaaS recurring revenue growth every year, according to the company.
“Eleven has long established itself as the hospitality industry’s #1 platform for guest Internet, with a growing footprint of thousands of properties,” noted Dan Meub, CEO of Eleven. “This opportunity provides Eleven both the resources and the focus it needs to scale our platform in five core vertical markets around the world. We are excited about the path ahead, and look forward to continuing our success.”