Park Place Technologies becomes largest global provider third-party data center maintenance with Curvature acquisition

By November 16, 2020Data Center, News

Park Place Technologies becomes largest global provider third-party data center maintenance with Curvature acquisition

Park Place Technologies becomes largest global provider third-party data center maintenance with Curvature acquisition

Park Place Technologies has become the largest global provider of third-party data center maintenance after acquiring Curvature.

The deal is Park Place Technologies’ biggest acquisition to date, doubling their employee and revenue size.

“With the addition of Curvature, our infrastructure support and services offerings are stronger, smarter and further reaching than ever before,” said Chris Adams, Park Place President and CEO.

1 million parts, 2,400 locations

With this acquisition, Park Place has created a new tier of third-party maintenance (TPM), which is positioned as a compelling option versus the Original Equipment Manufacturer.

“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,” added Mr. Adams.

Park Place will also have an expanded customer base, supporting assets for more than 90% of the Fortune 500.

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, the Interim CEO of Curvature.

After acquiring Curvature, Park Place will triple the spare parts inventory with more than 1.15 million parts available in more than 2,400 stocking locations.

“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,” added Mr. Stone.

Park Place will not expand out into four new international markets, including Thailand, Japan, Australia and Denmark.

“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.

The acquisition provides new opportunities to introduce Curvature’s customers to Discover, Monitor, Support, Optimize (DMSO), a fully integrated approach to managing critical infrastructure.

“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,” added Mr. Brothers.

In 2020, Park Place introduced and developed DMSO in response to customers’ needs to maximise uptime, create cost efficiencies, enable greater infrastructure control and visibility, and enhance asset performance.

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