Park Place Technologies, a data center hardware maintenance company, has acquired Curvature – an IT support, products, and services company. The acquisition of Curvature would help assemble one of the largest teams of field service engineers on the ground in the global data center industry.
The acquisition supports Park Place Technologies’ continuous global expansion plans with four new international markets including Denmark, Australia, Thailand, and Japan. It would further triple Park Place’s data center technology spare parts inventory with more than 1.15 million parts now available in 2400+ stocking locations.
“Park Place and Curvature were both pioneers in this industry,” said Chris Adams, President and CEO of Park Place Technologies. “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 third-party maintenance that positions us as a more compelling option versus the OEM.”
Integrated Maintenance Approach
The acquisition would provide new opportunities to introduce Curvature’s customers to Discover, Monitor, Support, Optimize (DMSO) – Park Place’s fully integrated approach to managing critical infrastructure. In 2020, Park Place introduced and developed DMSO in response to clients’ needs to maximize uptime, create cost efficiencies, enable greater infrastructure control and visibility, and enhance asset performance.
“Park Place and Curvature have been leaders in building the third-party maintenance market for more than 30 years,” said Dan Stone, Interim CEO of Curvature. “They are a natural fit with very complementary market positions. Park Place’s experience and scale are well-suited to complete this acquisition successfully. 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 third-party maintenance 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.”