41. Park Place Technologies

Revenue: £105.4m

Park Place Technologies UK Holdings, the EMEA hub of global datacentre and networking optimisation giant Park Place Technologies, clocked strong double-digit revenue and profit growth in its FY23 as it continued snapping up regional specialists to fuel expansion.

The UK arm – which generates the bulk of its revenue and costs domestically despite overseeing entities across Europe, Asia-Pacific and South America – grew revenues by 11% year on year to £105.8m. Gross profit jumped 22 per cent to £65.5m, buoyed by margin expansion from 56 per cent to 62 per cent, while headcount rose to 613.

The solid 2023 showing built on a major post-M&A stabilisation effort following its 2020 acquisition of US-based Curvature – the largest in the firm’s 34-year history. The pace didn’t let up in 2023, with the additions of German hardware maintenance provider protecIT-Solutions and Derby-based Xuper Limited, before a major strategic leap in May 2024 with the acquisition of UK MSP CSI Ltd.

CSI, a 40-year-old managed services player with deep IBM Power and hybrid cloud expertise, brings specialism in serving heavily regulated sectors such as financial services and retail. Park Place president and CEO Chris Adams described it as “a significant and exciting step forward,” one that will see the group offer CSI’s full suite of services – including Backup as a Service, DR, and cybersecurity – across its global base.

“Our vision is to become the world’s most comprehensive, customer-focused IT lifecycle partner,” Adams told CRN. “CSI brings exceptional talent and a stellar reputation for service excellence that aligns perfectly with our culture and accelerates our digital transformation capabilities.”