Story image

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

21 Jul 17

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.

HPE promotes 'circular economy' for end-of-use tech
HPE is planning to show businesses worldwide that throwing old tech and assets into landfill is not the best option when it comes to end-of-use disposal.
Xinja can now officially call itself a bank
The ‘neo’bank that is focused on being a digital disruptor to traditional financial institutions has received a restricted banking license from APRA.
Exclusive: Three access management learnings from 2018
There was a renewed global response to data security in 2018, placing pressure on organisations to assume more responsibility for the data they hold.
Wearables market flourishing - fuelled by smartwatches
A market that has stuttered in the past now has a bright forecast as adoption of wearable technology continues to thrive.
The tech that helped the first woman to sail around Australia
Lisa Blair used devices from supplied by Pivotel to aid her in becoming the first woman to circumnavigate Australia non-stop.
Why there will be a battle for the cloud in 2019
Cloud providers such as AWS, Azure, and Google will likely find themselves in a mad scramble to gain additional enterprise customers.
WLAN market picks up thanks to high-end products
Dell’Oro Group have released a report showing that the WLAN market picked up in 2Q18 as 802.11ax saw its first shipments.
Mercury Energy sells smart meter business for $270m
“Metrix’s large installed meter base, deep customer relationships and innovation platform, make this a natural acquisition."