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 more than 475 clients across six continents.

This is Park Place's third acquisition of 2022 and 21st since 2016.

Agile Equity provided investment banking services to Riverstone Technology.