Park Place Technologies and other middle market companies see better times ahead in 2021
The headquarters of Mayfield Heights-based Park Place Technologies.
Park Place Technologies, a Mayfield Heights-based provider of data-center services, is among the middle market companies offering perspective for this Wall Street Journal article about expectations for a rebound in 2021.
The Journal notes that 56% of chief financial officers at publicly traded and privately held midsize companies predict revenue will increase over the next 12 months, according to a recent survey by BDO USA LLP. That s encouraging, though the percentage is down from last January, when 81% of CFOs forecast higher revenues before the onset of the pandemic in the United States.
Date: 20 Apr 2021
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Date: 21 Apr 2021
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Deals done during the pandemic have companies doing the integration from a distance
The Mayfield Heights headquarters of Park Place Technologies
The CEO of Park Place Technologies LLC, a Mayfield Heights-based provider of data-center services, provides some perspective for this Wall Street Journal article about companies figuring out the integration of two businesses after a merger or an acquisition without the benefit of personal interaction.
From the piece:
Nine months into the pandemic, as business travel remains restricted and many employees continue to work from home, chances for executives and key employees to meet face-to-face are limited. Even as deals are being struck at a hectic pace, executives say they are striving to figure out how to integrate companies and teams without face-to-face contact.
Dec. 13, 2020 9:30 am ET
Integrating two businesses after a merger or an acquisition is becoming even more of a challenge as the pandemic continues to disrupt how businesses operate. The missing piece: personal interaction.
Nine months into the pandemic, as business travel remains restricted and many employees continue to work from home, chances for executives and key employees to meet face-to-face are limited. Even as deals are being struck at a hectic pace, executives say they are striving to figure out how to integrate companies and teams without face-to-face contact.
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“Building relationships and culture is very difficult over the computer or the phone,” said Brian Salsberg, head of the integration practice at Ernst & Young LLP, the professional services firm.