June 21, 2022
Park Place Technologies‘ latest acquisition is Riverstone Technology, a third-party maintenance and support provider based in Atlanta.
The acquisition will provide more products and services to Riverstone Technology‘s client base. Those include automated monitoring and a portfolio of managed services.
Riverstone Technology offers third-party maintenance and support for storage, network and server devices. The business supports all major OEM brands and serves more than 475 clients across six continents.
This is Park Place Technologies’ (No. 226 on the 2022 MSP 501) third acquisition of 2022 and the 21st since 2016.
Alignment with Park Place Technologies
Chris Adams is Park Place Technologies‘ president and CEO.
Park Place’s Chris Adams
“Riverstone Technology has grown globally through a reputation for responsiveness and great client service, values that align with Park Place’s mission and reputation,” he said. “Bringing Riverstone Technology into our family will allow us to continue its third-party maintenance success while offering a full managed services portfolio to Riverstone’s Technology’s customers.”
Park Place leverages a global parts supply chain, automation, machine learning (ML), and a portfolio of services and products to optimize networking and data center uptime and performance.
Park Place Technologies Set Industry Standards
Riverstone Technology’s Barry Anderson
Barry Anderson is Riverstone Technology‘s owner and CEO. He said his company has helped thousands of companies improve their business strategy and optimize their data centers.
“We have watched Park Place set industry standards for innovation and service,” he said. “We are excited to connect our clients to Park Place’s engineering expertise and full range of managed services, and introduce them to the Curvature brand for their hardware needs.”
Keep up with the latest channel-impacting mergers and acquisitions in our M&A roundup.
In March, the company announced its acquisition of Reliant Technology, which offers third-party maintenance and support for storage, network and server devices. The business supports all major OEM brands and serves nearly 500 clients in North America, Africa, Europe and Asia.
And in February, Park Place Technologies announced its acquisition of Congruity360’s Storfirst software platform. Storfirst allows customers to manage the movement of their data from production servers to disaster recovery servers, on-premises and to the cloud. The software enables customers to control the movement of all file data.
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