Park Place Technologies, the leading global data center and networking optimization firm, has acquired Riverstone Technology, a third-party maintenance, support provider based in Atlanta, Georgia. The acquisition will provide more products and services to Riverstone Technology’s client base, including automated monitoring and a portfolio of managed services.
Riverstone Technology, founded in 2016 by current CEO and owner Barry Anderson, offers third-party maintenance and support for storage, network, and server devices. The business supports all major OEM brands and serves 475 clients across six continents.
“We have helped thousands of companies improve their business strategy and optimize their data centers,” Anderson said. “We carry the burden of maintaining data center equipment, reducing stress for businesses as they take short-term steps and set long-term goals. We have watched Park Place set industry standards for innovation and service. 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.”
“Riverstone Technology has grown globally through a reputation for, responsiveness and great client service, values that align with Park Place’s mission and reputation. 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 Technology’s customers,” said Chris Adams, Park Place Technologies President and CEO.
“IDC has seen multiple acquisitions in the third-party maintainers space, and Park Place has been driving much of that consolidation,” said Rob Brothers, Program Vice President of Services for IDC. “This shows Park Place’s commitment to expanding its abilities and a commitment to the third-party maintainer space, and something customers should consider when choosing a partner.”
Agile Equity provided investment banking services to Riverstone Technology.