Park Place Technologies Acquires CentricsIT Global Services Division

Purchase Strengthens Park Place as Global Leader for all IT Infrastructure Solutions, as Economy and Skills Gap Challenges Impact Global Business.

CLEVELAND, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Park Place Technologies, the leading global data center and networking optimization firm, has acquired the TPM and Professional Services assets of CentricsIT, an IT services provider based in Atlanta, Georgia.

The demand for Professional Services is growing globally, driven by economic conditions and skills gaps. Park Place’s Professional Services offering will benefit from the acquisition with greater capabilities in IMAC, ITAD, Remote Hands, and deployment services, including cabling, wi-fi surveys, data center installs and refreshes, and network installations. Park Place clients will benefit from a state-of-the-art Professional Services portal developed by CentricsIT that provides real-time project status, reporting, and collaboration tools. Park Place’s Project Management Office function will be enhanced with the addition of Project Management Institute-certified CentricsIT employees worldwide. CentricsIT customers will gain access to Park Place Technologies’ unique portfolio of products and services, including automated monitoring and managed services.

Chris Adams, President and CEO of Park Place Technologies, said in addition to investing in Professional Services, Park Place continues to focus on providing exceptional customer service and support. “When acquiring businesses, we always search for companies that are intensely focused on customer service and have a similar culture and value set to PPT. CentricsIT delivers that and more,” he said. “Our combined Professional Services capabilities are evolving to meet client needs, and this will accelerate that CX agenda. CentricsIT’s EVP of Global Services, Patrick Keuller, will join the global Professional Services group. Patrick brings decades of experience and understands the growing needs of companies around the globe that are struggling to recruit skilled stafff and stretching budgets to efficiently manage their infrastructures."

CentricsIT has been a global leader in IT lifecycle management solutions and professional services since 2007. As the company transitions its professional services and TPM divisions to Park Place Technologies, it will retain its server, storage and networking resale division.

“We’re pleased to have found the right fit in Park Place Technologies for our services practice to grow and thrive,” said CentricsIT founder and CEO Derek Odegard. “We know they will continue to excel in service delivery and client support.”

This is Park Place’s fourth acquisition in 2022.

“Agile Equity provided investment banking services to CentricsIT and facilitated the transaction,” Odegard said. “We enjoyed working with the Agile Equity team. Their expertise in the data center infrastructure industry was very beneficial throughout the transaction.”

Founded in 1991, Park Place Technologies is powered by the world’s largest on-the-ground engineering team, a robust group of hundreds of advanced engineers and its fully staffed 24x7x365 Enterprise Operations Center. Park Place leverages a global parts supply chain, automation, machine learning and a comprehensive portfolio of services and products to optimize networking and data center uptime and performance.

About Park Place Technologies

Park Place Technologies is a global data center and networking optimization firm. Powered by the world’s largest on-the-ground engineering team, a robust group of advanced engineers and our fully staffed, 24x7x365 Enterprise Operations Center, we offer a robust portfolio of IT solutions to optimize networking and data center uptime and performance. Our services include third-party data center hardware maintenance, professional services, infrastructure managed services, network performance monitoring and hardware sales. Through our unique and fully integrated DMSO (Discover, Monitor, Support, Optimize) approach, customers enjoy streamlined infrastructure monitoring and management, cost efficiencies, less chaos, and faster mean-time-to-resolution – ultimately providing the freedom to think bigger. Park Place’s industry-leading and award-winning services include Park Place Hardware Maintenance™, Park Place Professional Services™, ParkView Managed Services™, Entuity Software™ and Curvature Hardware sales. For more information, visit www.parkplacetechnologies.com. Park Place is a portfolio company of Charlesbank Capital Partners and GTCR.

CONTACT: Jennifer Deutsch Park Place Technologies (440) 991-3105 jdeutsch@parkplacetech.com Michael Miller Park Place Technologies (440) 991-5509 mmiller@parkplacetech.com