In May 2011, we organized the Second International Automated Negotiating Agents Competition (ANAC2011) in conjunction with AAMAS 2011. ANAC is an international competition that challenges researchers to develop a successful automated negotiator for scenarios where there is incomplete information about the opponent. One of the goals of this competition is to help steer the research in the area of bilateral multi-issue negotiations, and to encourage the design of generic negotiating agents that are able to operate in a variety of scenarios. Eighteen teams from seven different institutes competed in ANAC2011. This chapter describes the participating agents and the setup of the tournament, including the different negotiation scenarios that were used in the competition. We report on the results of the qualifying and final round of the tournament.