Park Place Technologies announced that it has signed an agreement for the acquisition of Entuity, a global network performance monitoring software company with offices in Boston and London. This will be Park Place’s first acquisition outside of the third-party maintenance category.
Park Place Technologies is the global leader in third-party maintenance for data centre hardware, and this software acquisition will be a key component of its multi-vendor service delivery model.
Following the acquisition, Park Place will stand apart as the only multi-vendor, global hardware maintenance provider that offers customers monitoring, automated maintenance, Network Operations Centre (NOC) services, event management, probable cause and IT Data Analytics across a single pane of glass.
For over 20 years, Entuity has focused on network performance monitoring to ensure uninterrupted service delivery. Entuity provides the analytics needed to keep networks performing and visibility into issues before they impact business services. Entuity is a perfect complement to Park Place Technologies as both organisations are customer-centric, have a deep-seated commitment to their employees and are laser-focused on maximising customer uptime.
Chris Adams, President and CEO, Park Place Technologies said: “This acquisition represents a milestone for Park Place Technologies as we welcome Entuity, a highly regarded network performance monitoring provider into the Park Place family. When Entuity is integrated with our award-winning ParkView monitoring product, we will deliver enhanced network visibility and NOC services, driving uptime for our global customer base.”
Stephen Woodard, President and CEO, Entuity commented: “It is exciting to see how this partnership will yield mutual benefits for both companies and their customers across the globe. Entuity’s auto discovery and inventory capabilities, live topology, event management and probable cause analysis strengthens Park Place’s existing innovations and industry-leading solutions such as ParkView.”