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Park Place Technologies Acquires Riverstone Technology

Jun 21, 2022•about 3 years ago

Acquiring Company

Park Place Technologies

Acquired Company

Park Place Technologies

Description

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.

Company Information

Company

Park Place Technologies

About

Park Place Technologies is your global data center and networking optimization firm. Powered by the world's largest on-the-ground engineering team, a robust group of advanced engineers and our fully staffed, 24x7x365 Enterprise Operations Center, we offer a robust portfolio of IT solutions to optimize networking and data center Uptime and performance. Our services include third-party data center hardware maintenance, professional services, infrastructure managed services, network performance monitoring and hardware sales. Through our unique and fully integrated DMSO (Discover, Monitor, Support, Optimize) approach, customers enjoy streamlined infrastructure monitoring and management, cost efficiencies, less chaos, and faster mean-time-to-resolution – ultimately providing the freedom to think bigger. Park Place's industry-leading and award-winning services include Park Place Hardware MaintenanceTM, Park Place Professional ServicesTM, ParkView Managed ServicesTM, Entuity SoftwareTM and Curvature Hardware sales. For more information, visit www.parkplacetechnologies.com. Park Place is a portfolio company of Charlesbank Capital Partners and GTCR.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed