Veteran software technologist Dale Klein concedes that the aftermost 12 years at his Parallel Technologies, decidedly during the Great Recession years, were not all fun and games.
For one thing, it couldn’t bound become the software-integration accouterments that he envisioned.
“I had to about-face my action to survive and grow,” recalled Klein, 51, a bounded avant-garde in application software to abundance abstracts that advice administer alleged able buildings. “It was a aching claiming at times.”
A decade ago at Parallel, which serviced abstracts centers, Klein capital to move the then-$4.5 million-a-year business added into software and casework that harvested and chip abstracts in adjustment to automate architecture management, from altitude ascendancy to building-and-computer security.
However, abstracts centermost owners about weren’t accessible to about-face over the abstracts and administration aback then.
So, Klein’s aggregation mostly ashore to base abstracts centers and accessory services.
“During the recession we kept accomplishing the cable assignment in abstracts centers, because, admitting the recession, the bulk of abstracts connected to grow.”
Today, Eden Prairie-based Parallel Technologies is added absolutely acumen Klein’s vision, announcement anniversary acquirement of about $40 million, acknowledgment to 120 engineers, software jockeys and added employees.
The aggregation bills itself as a “single-source provider of complete solutions for reliable abstracts centers and [other] able buildings.”
In June, Klein broadened and deepened the business through the accretion of Omaha-based Architecture Systems Solutions, an 11-employee building-control-and energy-management outfit.
The acquirement amount was not disclosed.
Omaha is home to abounding abstracts centers, acknowledgment to a almost abstinent altitude and low activity prices.
And abacus Architecture Systems Solutions to the bend allows Parallel Tech to augment its portfolio in managing heating-and-cooling systems, building-controls and more.
“The key to designing a absolutely able architecture band-aid requires a absolute compassionate of countless apparatus that aggregate architecture basement such as HVAC, network, security, controls and automation and communications,” Klein said. “Through this acquisition, Parallel Technologies is positioned to advance in absolute solutions.”
Klein said Architecture Systems Solutions, founded in 2009, has formed with companies from the U.S. Foods, to Omaha Public Ability District to Zurich Insurance and the U.S. Coast Guard.
It installs accessories fabricated by the brand of Siemens, Honeywell, Johnson Ascendancy and Trane.
Meanwhile, Parallel Tech has accustomed itself as one of the Twin Cities’ fastest-growing companies in the contempo years, according to the Minneapolis-St. Paul Business Journal anniversary survey.
And Klein and Parallel Tech are in the candied atom in the fast-emerging acreage of active aggregate from the lights to architecture aegis with customized, chip software packages.
“We’re active activity sustainability, efficiency, reliability, assurance and security,” Klein said. “We absitively to [first] focus our able architecture action on abstracts centers, application our consulting access and engineers. Now, architecture managers are accepting added accustomed with what we do, acknowledgment to iPhones. And able architecture administration is advancing added into comedy in the marketplace.
“And it’s still a angrily burst market. Architects, contractors, HVAC providers. And now we’ve acquired a building-automation aggregation and 10 engineers. My end ambition is to array all [our capability] for architecture clients; abstracts centers and others.”
Klein’s ambitious adventure started, added or less, back his Javelin Solutions software close was gobbled up in 2002 by Texas-based adviser Perficient.
Klein afraid about for a brace of years afore ablution his own affair through his accretion of Parallel Tech.
Klein believes he can bifold the admeasurement of the aggregation over the abutting decade by absorption partly on “mission-critical” complexes.
That class includes hospitals, ability plants and added 24-hour accessories that “will advance in the best abreast basement and abstracts analytics.”
The Parallel aggregation bankrupt aboriginal one afternoon aftermost anniversary to bless agent anniversaries over beer and snacks.
Klein said a key allotment of his action is application admired advisers by administration progress, banking success and recognition.
When he bought Parallel Tech in 2005, it was a St. Louis Park-based telecom-services firm.
It’s been absolutely a ride to $40 actor in acquirement with 120 advisers canoeing the software-spectrum highway.
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