Park Place Technologies has announced the acquisition of Origina Technology Services, the Dublin-based hardware maintenance business.
As a result of the acquisition, Park Place Technologies is now the largest third-party maintenance provider (TPM) in Ireland, while increasing its scope to service its client portfolio in the region and further abroad in Europe.
According to the Park Place Technologies, Origina's IBM independent software maintenance business, its customers and remaining staff will be unaffected by this strategic divestiture.
With the acquisition, Origina Technology Services' hardware maintenance business is being re-branded under Park Place Technologies' name.
"As an independent provider of maintenance for data center assets, Origina Technology Services has distinguished itself as a leader in the hardware maintenance category in Ireland," says Park Place Technologies chairman and CEO Ed Kenty.
"Origina Technology Services' technical expertise and customer-centric approach has enabled the business to achieve tremendous success and rapid growth in data center maintenance services."
Park Place Technologies president and COO Chris Adams says Origina Technology Services' growth in hardware maintenance is a reflection of the company's investment in this area of their business.
“We are excited to integrate Origina Technology Services into Park Place Technologies' hardware maintenance business as we enhance our on-the-ground capabilities, offering faster service to customers in Ireland and beyond," says Adams.
Origina CEO Tomás O'Leary says the company has successfully harnessed the power of the collective support ecosystem to evolve from its origins as an IBM Business Partner and become an independent provider.
"As our hardware maintenance business integrates with that of Park Place Technologies, our customers will benefit from Park Place's scalability, products, services and support, including the company's recently launched ParkView service,” O'Leary says.
“Throughout this integration, Origina Technology Services' customers will continue to receive value-based and cost-effective services, along with tailored support, further enhancing the overall customer experience."
The integration of Origina Technology Services begins immediately with key personnel from the company's hardware maintenance operations joining Park Place Technologies, who is establishing an office in Dublin.
"Park Place will bring the investment and focus our hardware business needs to continue its growth and will present exciting new opportunities for our hardware customers, staff and partners, while, at the same time, freeing up management focus on our internationally expanding software maintenance business,” says O'Leary.
Park Place Technologies is certainly making plenty of movements as this acquisition is the company's second acquisition in 2018 and follows the four prior acquisitions the company completed in 2017.
The company asserts its most recent acquisition demonstrates Park Place's commitment to providing post-warranty hardware maintenance, in addition to expanding its reach across Europe.