{"id":49400,"date":"2022-12-09T05:10:23","date_gmt":"2022-12-09T05:10:23","guid":{"rendered":"http:\/\/southafricagazette.com\/?guid=6da6dd31e4e388f6d0ec8f12c2a77272"},"modified":"2022-12-09T05:10:23","modified_gmt":"2022-12-09T05:10:23","slug":"park-place-technologies-acquires-centricsit-global-services-division","status":"publish","type":"post","link":"https:\/\/southafricagazette.com\/park-place-technologies-acquires-centricsit-global-services-division\/","title":{"rendered":"Park Place Technologies Acquires CentricsIT Global Services Division"},"content":{"rendered":"<div>\n<h4 align=\"center\">Purchase Strengthens Park Place as Global Leader for all IT Infrastructure Solutions, as Economy and Skills Gap Challenges Impact Global Business.<\/h4>\n<p>CLEVELAND, Dec. 08, 2022 (GLOBE NEWSWIRE) &#8212; 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.<\/p>\n<p>The demand for Professional Services is growing globally, driven by economic conditions and skills gaps. Park Place\u2019s 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\u2019s 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\u2019 unique portfolio of products and services, including automated monitoring and managed services.<\/p>\n<p>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. \u201cWhen 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,\u201d he said. \u201cOur combined Professional Services capabilities are evolving to meet client needs, and this will accelerate that CX agenda. CentricsIT\u2019s 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.&#8221;<\/p>\n<p>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.<\/p>\n<p>\u201cWe\u2019re pleased to have found the right fit in Park Place Technologies for our services practice to grow and thrive,\u201d said CentricsIT founder and CEO Derek Odegard. \u201cWe know they will continue to excel in service delivery and client support.\u201d<\/p>\n<p>This is Park Place\u2019s fourth acquisition in 2022.<\/p>\n<p>\u201cAgile Equity provided investment banking services to CentricsIT and facilitated the transaction,\u201d Odegard said. \u201cWe enjoyed working with the Agile Equity team. Their expertise in the data center infrastructure industry was very beneficial throughout the transaction.\u201d<\/p>\n<p>Founded in 1991, Park Place Technologies is powered by the world\u2019s 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.<\/p>\n<p><strong>About Park Place Technologies<\/strong><\/p>\n<p>Park Place Technologies is a global data center and networking optimization firm. Powered by the world\u2019s 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 \u2013 ultimately providing the freedom to think bigger. Park Place\u2019s industry-leading and award-winning services include Park Place Hardware Maintenance<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2122.png\" alt=\"\u2122\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" \/>, Park Place Professional Services<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2122.png\" alt=\"\u2122\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" \/>, ParkView Managed Services<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2122.png\" alt=\"\u2122\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" \/>, Entuity Software<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2122.png\" alt=\"\u2122\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" \/> and Curvature Hardware sales. For more information, visit <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DuRkcO0akku9FpD64ej2KKBKiOmBo3mKH8sdRa7FAFr56J7eNp-LCILdJXueSVHFL7ZLo_043ZzhBANTxKwcIUPC1PtUdiPsIfahXexc7lsVpq-d5fvZeywfK04hZegRB&amp;source=gmail-html&amp;ust=1670650294062000&amp;usg=AOvVaw0NFizLgW17H71PYzw5VRmv\"  rel=\"nofollow noopener noreferrer\">www.parkplacetechnologies.com<\/a>. Park Place is a portfolio company of Charlesbank Capital Partners and GTCR.<img decoding=\"async\" src=\"https:\/\/ci5.googleusercontent.com\/proxy\/TjXY5cGj9dYRzlSwhiDdfde9Rq6Z6WbyR2QkgzBcqRt0nVoeXf-ZUU8UQC-pj-pkQUfWjUOKMxzXsRVZiVyZBzP8PQQ0R_m4ahrjzL1AFHHShFDOJvnzvHDxi45qjiNhEZQu_5IKOcPXLX-OEJzE1r82ve79nx0Bt5ogEBTYqAJmWFuk5-AtMHV5Pji0WSfjUJ2bgA=s0-d-e1-ft#https:\/\/ml.globenewswire.com\/media\/ZDg4YzZhYzMtOTkzNi00MzllLTg4NDAtNjVkNGMyYjI2OTc1LTEyNjY5NzA=\/tiny\/Park-Place-Technologies.png\" \/><\/p>\n<pre>Jennifer Deutsch\r\nPark Place Technologies\r\n(440) 991-3105\r\n<a href=\"mailto:jdeutsch@parkplacetech.com\"  rel=\"noopener noreferrer\">jdeutsch@parkplacetech.com<\/a>\r\n\r\nMichael Miller\r\nPark Place Technologies\r\n(440) 991-5509\r\n<a href=\"mailto:mmiller@parkplacetech.com\"  rel=\"noopener noreferrer\">mmiller@parkplacetech.com<\/a>\r\n<\/pre>\n<p align=\"center\">GlobeNewswire Distribution ID 8711279<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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) \u2014 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 [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100,97],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Park Place Technologies Acquires CentricsIT Global Services Division - South Africa Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southafricagazette.com\/park-place-technologies-acquires-centricsit-global-services-division\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Park Place Technologies Acquires CentricsIT Global Services Division - South Africa Gazette\" \/>\n<meta property=\"og:description\" content=\"Purchase Strengthens Park Place as Global Leader for all IT Infrastructure Solutions, as Economy and Skills Gap Challenges Impact Global Business. 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