Park Place Technologies Buys Riverstone Technology

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June 21, 2022, 02:57 PM EDT

Park Place Technologies, rated No. 60 on CRN’s Resolution Supplier 500 checklist, can make its third acquisition of 2022 with the purchase of Riverstone Engineering.

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Park Area Technologies is boosting its bread-and-butter components routine maintenance and assistance enterprise with the obtain of Atlanta-based mostly Riverstone Technology, marking the company’s third acquisition in 2022.

Park Position Systems, ranked No. 60 on CRN’s 2022 Solution Service provider 500 record, is a quick-increasing world wide data center and networking optimization professional. Launched in 2016, Riverstone offers 3rd-get together routine maintenance and guidance for storage, network and provider units with far more than 475 prospects throughout six continents.

Economical phrases of the acquisition had been not disclosed.

The acquisition will bolster Cleveland-based Park Area Technologies’ software, hardware, and expert and managed solutions portfolio, said Park Place’s CEO Chris Adams.

“Bringing Riverstone Technological know-how into our loved ones will make it possible for us to proceed its third-celebration routine maintenance accomplishment when presenting a entire managed solutions portfolio to Riverstone‘s Technology’s customers,” mentioned Adams in a assertion.

[Related: Channel Dealmaker Converge Technology Solutions Buys 3 Partners]

Park Position Technologies Acquisitions In 2022

Riverstone Technological innovation is Park Place Technologies’ third acquisition this 12 months and 20-to start with considering that 2016.

In March, Park Place acquired Reliant Engineering, a fellow 3rd-get together upkeep, assistance and components provider primarily based in Atlanta.

Reliant Technology provided routine maintenance and assistance for storage, community and server equipment for almost 500 clientele in Asia, Africa, Europe and North The us. The company’s components inventory was additional to Curvature, Park Place’s new and pre-owned components division.

In addition to its Riverstone Technology and Reliant Know-how acquisitions, the option service provider acquired Congruity360’s Storfirst software package system.

Park Position said Storfirst is the industry’s most safe, OEM- and system-agnostic file method migration and data management software for cloud, hybrid cloud and on-premise. Storfirst lets buyers to regulate the movement of their details from production servers to catastrophe recovery servers, on-premise and to the cloud the software enables customers to management the movement of all file data.

Park Place Technologies Advancement

Park Area has developed from No. 97 on CRN’s Solution Provider 500 list in 2020 to now No. 60 in 2022, generating it one of the most significant solution suppliers in North The usa today.

This thirty day period, the organization opened a brand new support and operations centre in Cork, Eire.

The new Ireland facility will accommodate Park Place’s advancement, allow for personnel enlargement, and offer a meeting place for prospective customers and channel companions.

Park Area now supports far more than 21,500 organizations in around 170 nations around the world with in excess of 2,200 employees all over the world. The organization has workplaces in Boston, Toronto, London, Wiesbaden, Helsinki, Aarhus, Glasgow, Amsterdam, Buenos Aires, Hyderabad, Tokyo, Hong Kong, Singapore and Dubai.