Park Place Technologies acquires London-founded software firm

Data centre hardware specialist Park Place Technologies has acquired a global network performance monitoring software firm with offices in London and Boston.

The firm has acquired data analytics firm Entuity, which was founded in London and is now based in Boston, as part of its strategy to grow its global presence.

For over 20 years, Entuity has focused on network performance monitoring in a bid to ensure uninterrupted service delivery, providing the analytics needed to keep networks performing and visibility into issues before they impact business services.

The deal marks the Park Place Technologies’ second acquisition of 2019, following its acquisition of UK based MCSA Group Limited in April.

Since 2016 the firm has acquired 12 businesses around the world, including Latin America-based CMG-Nicsa, Singapore-based Axentel Technologies and Houston-based Solid Systems CAD Services (SSCS).

Commenting on the latest acquisition, Chris Adams, president and CEO at 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 at 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.”

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