Riverstone Technology, a third-party data center maintenance and support service situated in Atlanta, Georgia, has been bought by Park Place Technologies, a global data center and networking optimization organization. Riverstone Technology’s customer base would benefit from extra products and services as a result of the acquisition, including automated monitoring and a portfolio of managed services.
Founded in 2016 by current CEO and owner Barry Anderson, Riverstone Technology provides third-party storage, network, and server device maintenance and support. The company supports all major OEM manufacturers and has over 475 customers on six continents. This is Park Place’s 21st acquisition since 2016, and its third in 2022. Financial details about this acquisition were not disclosed.
“Riverstone Technology has grown globally through a reputation for, responsiveness and great client service, values that align with Park Place’s mission and reputation,” said Chris Adams, President and CEO at Park Place Technologies. “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.”
Full Range of Managed Services
“We have helped thousands of companies improve their business strategy and optimize their data centers,” said Barry Anderson. “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 received investment banking services from Agile Equity.
Park Place Technologies was founded in 1991 and is supported by one of the world’s biggest on-the-ground engineering teams, hundreds of advanced engineers, and its 24x7x365 Enterprise Operations Centers. Park Place optimizes networking and data center uptime and performance by using a global components supply chain, automation, machine intelligence, and a full array of services and solutions.