– Doubles employee and revenue size of Park Place Technologies
– Brings together largest team of field service engineers on the ground with an inventory of more than 1.15 million spare parts in 2400+ stocking locations
– Creates a new tier of TPM, a compelling option versus the OEM
CLEVELAND and CHARLOTTE, N.C., Nov. 11, 2020 /PRNewswire/ — Park Place Technologies, a single source for award-winning data center hardware maintenance and a full suite of managed services, today announced the acquisition of Curvature, Inc., an IT support, products, and services company. The transaction ensures business continuity and growth opportunities for Curvature customers.
“Park Place and Curvature were both pioneers in this industry,” said Chris Adams, Park Place president and CEO. “With the addition of Curvature, our infrastructure support and services offerings are stronger, smarter and further reaching than ever before. In an environment where infrastructures rarely rely on equipment from a single supplier, and where budgets and resources are tighter than ever before, we have created a new tier of TPM (third-party maintenance) that positions us as a more compelling option versus the OEM.”
The acquisition of Curvature:
“Park Place and Curvature have been leaders in building the third-party maintenance market for more than 30 years. They are a natural fit with very complementary market positions. Park Place’s experience and scale are well-suited to complete this acquisition successfully,” said Dan Stone, Interim CEO of Curvature. “This is a win for our team and for our customers, allowing us to continue our focus on exceptional customer service, while providing a wider range of new solutions to meet our customers’ needs today and in the future.”
The acquisition provides new opportunities to introduce Curvature’s customers to Discover, Monitor, Support, Optimize (DMSO), a fully integrated approach to managing critical infrastructure. In 2020, Park Place introduced and developed DMSO in response to customers’ needs to maximize uptime, create cost efficiencies, enable greater infrastructure control and visibility, and enhance asset performance.
“The TPM market has remained strong and continues to see demand given the need for remote services during what’s become a protracted pandemic environment,” said Rob Brothers, program vice president for IDC’s data center and support services. “With this merger, customers can expect expanded coverage in both geography and equipment, as well as access to more parts locations, call centers, and engineering talent.”
Learn more about the transaction in the video news release https://parkplacetech.wistia.com/medias/15vjq2e2s1.
About Park Place Technologies
Park Place Technologies simplifies the management of complex technology environments worldwide. Our network of parts to support data centers is stored regionally, locally and on-site to allow for fast parts distribution and service to drive Uptime. Park Place created a new technology service category – Discover, Monitor, Support, Optimize (DMSO) – a fully integrated approach to managing critical infrastructure. Our industry-leading and award-winning services include ParkView™ Managed Services, Entuity software, and our Enterprise Operations Center. For more information, visit us at www.parkplacetechnologies.com.
Park Place is a portfolio company of Charlesbank Capital Partners and GTCR.
MEDIA CONTACTS
Park Place Technologies Contacts:
Jennifer Deutsch, Chief Marketing Officer
jdeutsch@parkplacetechnologies.com
440-991-3105
Michael Miller, Global Content and Communications Manager
mmiller@parkplacetechnologies.com
440-683-9426
Curvature Media Contact:
Bharat Vijayaraghavan, Sr Director Marketing
bvijayaraghavan@curvature.com
704-631-9001
Regulators authorized AstraZeneca’s coronavirus vaccine for use in adults throughout the European Union on Friday, amid criticism the bloc is not moving fast enough to vaccinate its population.
WASHINGTON (AP) — A former FBI lawyer was sentenced to probation for altering an email that the Justice Department relied on during its surveillance of an aide to President Donald Trump during the Russia investigation.
MADISON, Wis. (AP) — Democratic Gov. Tony Evers lashed out Friday at rival Republicans who tried to repeal his statewide mask mandate, saying killing the order would be a ridiculous move comparable to abolishing speed limits.
COLUMBIA, S.C. (AP) — As some conservatives in South Carolina celebrated getting a bill that would ban almost all abortions in the state past a legislative barrier and likely becoming law, they said they are not finished trying to end all abortions.
A Moscow court on Friday put the brother and several allies of Russian opposition leader Alexei Navalny under house arrest for two months as authorities sought to stymie more protests over the jailing of the top Kremlin foe.