PR86466

CLEVELAND and CHARLOTTE, N.C., Nov. 12, 2020 /PRNewswire=KYODO JBN/ --

- Doubles employee and revenue size of Park Place Technologies

- Brings together largest team of field service engineers on the ground with an

inventory of more than 1.15 million spare parts in 2400+ stocking locations

- Creates a new tier of TPM, a compelling option versus the OEM

Park Place Technologies (https://c212.net/c/link/?t=0&l=en&o=2971933-1&h=374822510&u=https%3A%2F%2Fwww.parkplacetechnologies.com%2F&a=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. The transaction ensures

business continuity and growth opportunities for Curvature customers.

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"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."

Learn more about the transaction in the video news release

https://parkplacetech.wistia.com/medias/15vjq2e2s1 .

About Park Place Technologies

Park Place Technologies simplifies the management of complex technology

environments worldwide. Our network of parts to support data centers is stored

regionally, locally and on-site to allow for fast parts distribution and

service to drive Uptime. Park Place created a new technology service category –

Discover, Monitor, Support, Optimize (DMSO) – a fully integrated approach to

managing critical infrastructure. Our industry-leading and award-winning

services include ParkView(TM) Managed Services, Entuity software, and our

Enterprise Operations Center. For more information, visit us at

www.parkplacetechnologies.com.

Park Place is a portfolio company of Charlesbank Capital Partners and GTCR.

MEDIA CONTACTS

Park Place Technologies Contacts:

Jennifer Deutsch, Chief Marketing Officer

jdeutsch@parkplacetechnologies.com

440-991-3105

Michael Miller, Global Content and Communications Manager

mmiller@parkplacetechno

logies.com

440-683-9426

Curvature Media Contact:

Bharat Vijayaraghavan, Sr Director Marketing

bvijayaraghavan@curvature.com

704-631-9001    

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SOURCE Park Place Technologies