MALAYSIA, November 12, 2020 – Park Place Technologies, a single source for award-winning data center hardware maintenance and a full suite of managed services, today announced the acquisition of Curvature, Inc., an IT support, products, and services company.
“Park Place and Curvature were both pioneers in this industry,” said Chris Adams, Park Place president and CEO. “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 TPM (third-party maintenance) that positions us as a more compelling option versus the OEM.”
The acquisition of Curvature:
- assembles the largest team of field service engineers on the ground in the industry
- triples the spare parts inventory with more than 1.15 million parts now available in 2400+ stocking locations
- supports Park Place’s continuous global expansion plans with four new international markets: Denmark, Australia, Thailand, and Japan
- creates a new tier of TPM covering multiple OEM environments with the most resources globally for faster and cost-effective data center support.
“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, Interim CEO of Curvature. “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 acquisition provides new opportunities to introduce Curvature’s customers to Discover, Monitor, Support, Optimize (DMSO), a fully integrated approach to managing critical infrastructure. In 2020, Park Place introduced and developed DMSO in response to customers’ needs to maximize uptime, create cost efficiencies, enable greater infrastructure control and visibility, and enhance asset performance.
“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. “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.”
bout the transaction in the video news release here.
