Park Place Technologies Acquires Network Monitoring Firm Entuity
Data center maintenance provider Park Place Technologies, backed by private equity, is acquiring Entuity, a network performance monitoring software company with offices in Boston and London. Terms of the deal were not disclosed.
Mayfield Heights, Ohio-based Park Place traditionally acquires third-party maintenance companies, including the recent acquisition of MCSA Group Limited, a UK-based business-critical IT services and solutions provider. Park Place has made 12 acquisitions since 2016. Key deals include Latin America-based CMG-Nicsa, Singapore-based Axentel Technologies and Houston-based Solid Systems CAD Services (SSCS).
Buying Entuity extends Park Place into monitoring, automated maintenance, Network Operations Center (NOC) services, event management, and IT data analytics, the company said.
Entuity, founded in 1997, has worked in network performance monitoring for more than 20 years. Key MSP partners include Ensono, which leverages Entuity Network Analytics to help automate IT service management (ITSM).
Park Place Acquires Entuity: Executive Perspectives
Chris Adams, president and CEO, Park Place Technologies, commented on the acquisition:
“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.”
Stephen Woodard, president and CEO, Entuity, added:
“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.”
Park Place serves more than 16,000 customers across 55,000 data centers in more than 140 countries. Park Place itself was acquired in 2016 by GTCR. In July 2019, GTCR sold at least a portion of its stake to private equity backer Charlesbank Capital Partners of Boston.