Park Place Technologies announced on February 21, 2018, of their acquisition with Axentel Technologies Singapore. Axentel Technologies is the premier provider of IT lifecycle solutions with businesses such as in Singapore, Hong Kong, Malaysia, and the Philippines. The acquisition allows Park Place Technologies to grow and provide better services to their customers throughout Southeast Asia.
Park Place Technologies, the provider of data centre hardware maintenance has also signed two more acquisitions with Performance Data another Singapore-based company and Axentel Technologies Thailand which is to be completed in the second quarter of 2018. President and Chief Operating Officer of Park Place Technologies, Chris Adams stated that the main goal is to be the leading and largest TPM in Asia. This can be achieved by merging Axentel’s coverage in 28 countries worldwide and Park’s Place existing APAC infrastructure together. With a range of customers, strong leadership and capable sales team, Chris Adams believes that Axentel Technologies is the ideal business partner.
Customers of both companies will greatly benefit from high level of service delivery, improved flexibility, and value-driven maintenance solutions once they unite. A report deduced from 451 researches had shown that 2018 will be the year for Singapore’s data-centre market. Park Place Technologies offer strong maintenance to the data centres. They plan to develop their Asia-Pacific headquarters in Singapore. New leadership for this office will be announced in April.