Infrastructure services group Park Place Technologies has acquired CSI, a UK-headquartered IT managed service provider, specialising in hybrid multi-cloud solutions for legacy IBM systems.
Founded in 1983, CSI serves medium- to large-sized enterprises in highly regulated industries, such as financial services, manufacturing and retail, helping organisations modernise and evolve their systems, applications, processes, and underlying IT architectures.
The acquisition positions Park Place to better serve enterprise customers globally, especially those with complex IBM infrastructures requiring high-touch, customised service. CSI will benefit from Park Place’s worldwide scale, and extensive engineering resources.
Park Place will now offer CSI’s portfolio of services, including hybrid cloud services, backup as-a-service, disaster recovery and cybersecurity. The expertise spans IBM Power Systems, storage solutions, and software, providing secure, modernised compute and storage infrastructure management.
The acquisition, for an undisclosed sum, said Park Place, is “one of the most significant” in its 34-year history, “second only” to its 2020 acquisition of Curvature.
“This is an exciting time for Park Place Technologies,” said Chris Adams, president and CEO. “CSI brings exceptional talent, deep hybrid cloud expertise, and a stellar reputation for service excellence. By joining forces, we’re unlocking new possibilities for our customers around the world, delivering smarter, more agile IT solutions that power transformation.”
“As our clients accelerate their digital transformation journeys and embrace hybrid cloud solutions, CSI’s role as a mission-critical partner has never been more vital,” added Alan Watkins, chairman of CSI . “The opportunity to expand our reach and deliver even greater value, faster and at scale, is a significant and exciting step forward.
“Joining the Park Place Technologies family is a natural next step, and one that brings benefits to our clients, employees, and partners alike.”
