Park Place Technologies buys Missouri company

Park Place Technologies buys Missouri company

Park Place Technologies, a Mayfield Heights-based data center hardware maintenance company that has grown rapidly in recent years, has made its second acquisition of 2020.

The company announced in a news release on Tuesday, June 2, that it has bought Custom Hardware Engineering & Consulting Inc., a Missouri-based third party maintenance provider. Park Place Technologies said in the release that it will acquire all of Custom Hardware Engineering’s business, enabling it “to further expand its operational depth.”

The Missouri company since 1997 “has provided large-class enterprise clients with independent, multi-vendor third party maintenance support services for disk and tape storage, networking, mainframes and mid-range server hardware equipment located in data centers throughout the United States,” and it’s “particularly strong in the government vertical,” Park Place Technologies said in the release.

Financial terms of the deal were not disclosed.

A Park Place Technologies spokeswoman said in an email that Custom Hardware Engineering has 35 employees. Park Place Technologies has about 1,420 employees globally, including about 460 in Northeast Ohio, according to the email. The company does not disclose annual revenues.

This makes the 14th acquisition for Park Place Technologies since 2016, and the second this year. In January, Park Place Technologies acquired the network operations center of Cleveland-based IntelliNet.

Park Place Technologies says it has more than 17,000 customers worldwide and supports more than 58,000 data centers in more than 150 countries.

The company last year completed a $3.5 million renovation of 16,535 square feet of its 101,500-square-foot headquarters at 5910 Landerbrook Drive.

Source link