About Park Place Technologies
Park Place Technologies is a company based in Cleveland (United States) founded in 1991 was acquired by Charlesbank Capital Partners in July 2019.. The company has 34 employees as of April 07, 2024. Park Place Technologies has completed 20 acquisitions, including Ardent Support, CHE Consulting and CSI Ltd. Park Place Technologies operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
- Headquarter Cleveland, United States
- Employees 34 as on 07 Apr, 2024
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Park Place Technologies India Private Limited
- Date of Incorporation 25 Sep, 2019
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$2.31 M (USD)55.48as on Mar 31, 2023
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Net Profit
$-168.53 K (USD)-63.54as on Mar 31, 2023
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EBITDA
$-49.7 K (USD)-204.95as on Mar 31, 2023
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Latest Funding Round
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Investors
Abacus Finance
& 3 more
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Employee Count
34
as on Apr 07, 2024
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Investments & Acquisitions
Ardent Support
& 19 more
- Acquired by
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Funding Insights of Park Place Technologies
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(12 Nov 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2015 | Amount | Debt – Conventional - Park Place Technologies | Valuation |
investors |
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| Nov, 2012 | Amount | Debt – Conventional - Park Place Technologies | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Park Place Technologies
Park Place Technologies has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Abacus Finance, WestView Capital Partners and GTCR Chicago Private Equity Firm. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Abacus Finance is engaged in providing tailored credit solutions to lower-middle market companies.
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Founded Year | Domain | Location | |
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WestView Capital is focused on growth-oriented company investments.
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Founded Year | Domain | Location | |
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Private equity investments and firm management in Chicago.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Park Place Technologies
Park Place Technologies has strategically engaged in corporate development activities, having acquired 20 companies. Notable acquisitions include Ardent Support, CHE Consulting and CSI Ltd. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Data center services are provided in the IT sector.
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2016 | ||||
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IT support, virtualization, and related services are provided.
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2015 | ||||
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IT consulting services are provided to various clients.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Park Place Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Park Place Technologies Comparisons
Competitors of Park Place Technologies
Park Place Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
AI, cloud, and blockchain services are provided globally.
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| domain | founded_year | HQ Location |
IT and digital transformation services are delivered to various industries.
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Park Place Technologies
Frequently Asked Questions about Park Place Technologies
When was Park Place Technologies founded?
Park Place Technologies was founded in 1991 and raised its 1st funding round 21 years after it was founded.
Where is Park Place Technologies located?
Park Place Technologies is headquartered in Cleveland, United States. It is registered at Cleveland, Ohio, United States.
How many employees does Park Place Technologies have?
As of Apr 07, 2024, the latest employee count at Park Place Technologies is 34.
What is the annual revenue of Park Place Technologies?
Annual revenue of Park Place Technologies is $2.31M as on Mar 31, 2023.
What does Park Place Technologies do?
Park Place Technologies was founded in 1991 and is headquartered in Cleveland, United States. Operations focus on the IT services sector, where third-party maintenance for data center infrastructure is delivered. Support services encompass hardware maintenance, monitoring, and lifecycle management for servers, storage, and networking equipment. Coverage extends to global clients through a network of service centers, ensuring reliability for enterprise environments.
Who are the top competitors of Park Place Technologies?
Park Place Technologies's top competitors include Happiest Minds, 1&1 IONOS and Genpact.
How many acquisitions has Park Place Technologies made?
Park Place Technologies has made 20 acquisitions, including Ardent Support, CHE Consulting, and CSI Ltd.
Who are Park Place Technologies's investors?
Park Place Technologies has 4 investors. Key investors include Abacus Finance, WestView Capital Partners, GTCR Chicago Private Equity Firm, and Charlesbank Capital Partners.