Story image

US firm makes major strategic move to enter Asia data center services market

21 Jul 2017

A US firm has bought out Singapore-based IT hardware service provider Performance Data as part of a major acquisition that will further spread data center services throughout Asia.

Park Place Technologies, which describes itself as a pure play post-warranty data center maintenance organization, completed the carve-out acquisition this week.

The purchase amount and terms of the acquisition were not disclosed, however Park Place took control of the majority of Performance Data’s Assets.

Performance Data is headquartered in the US and has major offices in Singapore and Malaysia. Park Place established its base in Singapore in November 2016.

A statement from Park Place says that the company will immediately start integrating customer service, distribution, operations, sales and support.

The company says its customers will benefit from an experienced and premier team of engineers and better access throughout Asia Pacific.

According to Performance Data COO James Lin, who will stay on as AVP, Asia, the company will continue providing data center services to the region.

"On behalf of myself and the entire Performance Data team, we are excited to join Park Place Technologies. This new partnership will enable us to grow to new heights and allow our customers to enjoy quicker turnaround times, more personalized customer care and better service delivery. We look forward to working together to deliver quality IT service to data centers throughout Asia and the Middle East,” he says.

The Performance Data buyout marks Park Place’s fourth acquisition in 12 months as it continues to build its position as a legacy enterprise storage, IT and hardware maintenance provider.

Park Place CEO and Chairman Ed Kenty says his company is thrilled to have Performance Data on board.

"Performance Data's strong track record of delivering superior IT service and support seamlessly aligns with Park Place's mission and future vision. As we continue to invest in new growth opportunities, we look forward to growing our talent and enhancing our global capabilities for our customers."

In May 2017, Park Place also acquired UK-based IT infrastructure solutions provider Prestige Data Centre Solutions.

In April 2016, Performance Data acquired Business Automation Technology and SSCS as it continued its own expansion into the Asia Pacific market.

"These acquisitions enable us to increase Performance Data's immediate reach into the Asian market, which allows us to fulfill global maintenance contracts for our clients with in-house expertise and minimized outsourcing of field engineers," said David Selakovic, Performance Data CEO, said at the time.

ECI unveils new SD-WAN solution
"Digital transformation is top of mind for much of the C-suite, which is combatting increasingly complex operations with the need to streamline costs."
Connectivity in an age where the application is king
If you want to turn your organisation into a digital enterprise, you need to transform the edge, because that's where all the applications are delivered closest to the user.
BitTitan expands cloud offerings in China to meet Office 365 growth
“With so much growth in China’s cloud-computing market, we are delighted to be expanding our product offerings."
Data center growth sees new leader for Vertiv Singapore
Singapore is witnessing unprecedented growth in data center and colocation industries, fueled by the rapid pace of digital technology.
Server Technology beats out competition at DCS Awards
Server Technology has taken out the top spot for the Data Centre PDU Innovation of the Year at the DCS Awards.
Container survey shows adoption accelerating while security concerns remain top of mind
The report features insights from over 500 IT professionals.
LogRhythm releases cloud-based SIEM solution
LogRhythm Cloud provides the same feature set and user experience as its on-prem experience.
IGEL & ControlUp bring analytics to endpoints everywhere
The strategic partnership allows IGEL to integrate with ControlUp’s real-time monitoring and analytics capabilities via the IGEL Universal Management Suite (UMS).