Private equity, Enterprise, Mergers and Acquisitions, IT management, Mergers and Acquisitions

Park Place Technologies Acquires Data Center Services Business

September 17, 2021

IT infrastructure solutions and data center hardware maintenance company Park Place Technologies, backed by private equity firms Charlesbank Capital Partners and GTCR, has acquired specific assets from Congruity360. Financial terms of the deal were not disclosed.

This is technology M&A deal number 571 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.

In this deal, Park Place will acquire the third-party maintenance business, data migration services businesses and new hardware sales offerings from Congruity360.

Meanwhile, Congruity360 will maintain ownership of its information governance and software business -- which is based in Norwell, Massachusetts.

Park Place: Latest and Previous Acquisitions

This is Park Place’s 18th acquisition since 2016. Earlier deals involved Park Place acquiring:

September 2021: SiteGrid's NetSure+ inventory management software.
January 2020: The network operations center (NOC) business from IntelliNet.
August 2019: Entuity, a network performance monitoring software company.
April 2019: MCSA Group, an IT services & solutions provider.

Private equity firm GTCR has owned Park Place Technologies since 2015. Charlesbank Capital Partners acquired a piece of Park Place in 2019.

Sharon Florentine

Sharon is a master technology storyteller and editor with omnichannel experience: books and print magazines, digital, webcast, blogging, podcast, live events and video and associated brand-specific social media content. From 1999 to 2003, she acquired and edited technology books and certification exam prep guides.

After a year spent in publicity and editorial at mass-market book publishers, she returned to tech publishing and, since 2004, explored B2C and B2B news, issues and trends in consumer, lifestyle, software, software development, AI, ML, networks, big data, hardware, security, storage, cloud, equity, inclusion, diversity, women in tech, career development, IT management, H-1B visa issues and immigration, education, training and learning.

Her previous role was as the managing editor at Techstrong Group in charge of Cloud Native Now, DevOps.com, Security Boulevard and Techstrong ITSM and their brand-specific social media. She currently serves as editorial director for CyberRisk Alliance’s channel brands, ChannelE2E and MSSP Alert and acting editorial director for SC Media UK. Drop me a note and let’s talk!