Park Place Technologies has acquired Axentel Technologies' IT lifecycle businesses in Singapore, Malaysia, Hong Kong and the Philippines. It has an agreement to pick up Axentel’s Thailand business in the second quarter as it continues its expansion in Asia. The deal — Park Place’s sixth acquisition over the past 18 months — gives Park Place better customer service reach in Southeast Asia and bolsters its service offering to cover the entire IT life cycle. Axentel has more than 200 customers through its 28 service locations worldwide. “Axentel Technologies is a proven leader with a strong expertise in legacy systems, a wealth of capitalized knowledge, and proven processes in IT maintenance and sourcing,” Park Place Chairman and CEO Ed Kenty said in a statement. “The company's strong growth trajectory and unwavering commitment to reliability and quality align seamlessly with Park Place Technologies' vision for our company.” In November 2016, Park Place Technologies expanded its global footprint in Asia by opening an Asia-Pacific headquarters location in Singapore and a second location in Malaysia.
