Park Place Technologies Named on Inc. 5000 List for the Sixth-Consecutive Year
August 15, 2018
CLEVELAND, OH, August 15, 2018 – Park Place Technologies is pleased to announce its sixth consecutive nomination on Inc. Magazine’s 37th annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. Through organic growth and strategic M&A efforts, Park Place Technologies has expanded its global footprint to more than 115 countries and 35,000 unique data centers, while maintaining a 98 percent customer retention rate with its 13,000 clients. Park Place ranked No. 3,173 this year, and is one of only 6 percent of companies making its sixth appearance.
“Park Place Technologies is honored to have been selected for the sixth consecutive year onto the Inc. 5000 list. It is a testament to the hard work of our team and clients,” Park Place Technologies CEO Ed Kenty said. “We are especially proud we have been able to maintain our 98 percent client satisfaction rate given our rapid growth and expansion.”
Park Place Technologies, a global leader in third-party data center maintenance, provides exceptional customer experience and a cost savings advantage for businesses seeking an alternative to post-warranty storage, server, and networking hardware maintenance for IT data centers. The recent launch of ParkView, a predictive fault detection and identification system for hardware faults that occur within data centers, signifies Park Place Technologies’ continued strides toward innovation in the industry and commitment to excellence in customer service for its clients.
Companies on the 2018 Inc. 5000 (which are listed online at Inc.com, with the top 500 companies featured in the September issue of Inc., available on newsstands August 15) been very competitive within their markets. The list as a whole shows staggering growth compared with prior lists. The 2018 Inc. 5000 achieved an astounding three-year average growth of 538.2 percent, and a median rate of 171.8 percent. The Inc. 5000’s aggregate revenue was $206.1 billion in 2017, accounting for 664,095 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
“If your company is on the Inc. 5000, it’s unparalleled recognition of your years of hard work and sacrifice,” says Inc. editor in chief James Ledbetter. “The lines of business may come and go, or come and stay. What doesn’t change is the way entrepreneurs create and accelerate the forces that shape our lives.”
The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at https://www.inc.com/inc5000.