Park Place Technologies Recognized for Economic Value Creation and Contribution

CLEVELAND, May 24 /PRNewswire/ -- Park Place Technologies, North America's premier provider of data center hardware maintenance, today announced that it has been selected as a 2010 Crain's Leading EDGE (Economic Development Through Growth and Entrepreneurship) Award winning company. This is the second year Park Place has received the honor, making the list for the first time in 2008.

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The prestigious award, now in its fourth year, was created and developed to recognize value-creating middle-market companies. Top companies are identified based on their EBIT (earnings before interest and taxes) added to taxable employee compensation, a calculation used to determine the value nominated companies contribute to the region.  

Ed Kenty, Park Place Technologies President and CEO says, "We are delighted to be recognized again for our efforts by The Entrepreneurs EDGE as a value-creating organization, efforts that impact not only our employees and customers, but our vendors, and thus the entire region.

"This year already we have seen some exceptional successes, including growth in our services division, expansion in our Boston offices, and this recognition is one of them," continues Mr. Kenty.

Park Place Technologies' company's double-digit growth over the past 10 years is attributed to their ability to build long term relationships with clients and their ability to be proactive in a reactive technology market. As major manufacturers change focus and direction, Park Place Technologies helps clients extend the life of their existing IT investment and forgo more frequent hardware upgrades.

About Park Place Technologies

Park Place Technologies is the premier provider of data Center hardware maintenance. Park Place enables its customers to extend the life of their I.T. equipment at a significant cost savings over the manufacturer. Park Place Technologies is headquartered in Cleveland, Ohio with a world class Client Service and Support Center based outside of Boston, MA. Park Place's 19 years of experience with over 3,000 businesses make it a cost-effective, secure alternative to an OEM extended warranty program.

For additional information about Park Place Technologies, visit www.parkplacetechnologies.com or phone: 800-931-3199.

SOURCE Park Place Technologies