Mergers and Acquisitions, Mergers and Acquisitions, IT management, Networking, Private equity

Park Place Technologies Acquires Reliant Technology

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IT infrastructure solutions and data center hardware maintenance company Park Place Technologies has acquired Reliant Technology for an undisclosed amount.

This is technology M&A deal number 287 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.

Founded in 2007, Reliant Technology is a third-party maintenance, support and hardware provider based in Atlanta, Georgia. The company serves nearly 500 clients in North America, Africa, Europe and Asia.

Reliant Technology’s hardware inventory will be added to Curvature, Park Place’s new and pre-owned hardware division, the company said.

Park Place Technologies Acquires Reliant Technology: Executive Insight

Chris Adams, CEO, Park Place Technologies
Chris Adams, CEO, Park Place Technologies

Reid Smith-Vaniz, CEO and owner, Reliant Technology, commented:

“We have taken Reliant Technology as far as we can and realize our customers need an evolved product set and greater resources as they grow. We’ve built an incredible culture and team at Reliant Technology that I know will align well with Park Place. I’m excited to learn that as Park Place has grown it has retained its commitment to human touch and personal investment in its clients. Park Place offers immense resources, a global team and a robust portfolio of managed services and products to create even more value for our customers and care for our clients.”

Chris Adams, president and CEO, Park Place Technologies, said:

“Reliant Technology has guided its clients to the best decisions for storage, server, and network maintenance, while providing customers significant savings in the process. That has long been our culture and business model. Bringing Reliant Technology into our family will allow us to continue its third-party maintenance success while offering a full managed services portfolio to Reliant Technology’s customers.”

About Park Place Technologies

This is Park Place’s second acquisition of 2022, having acquired the Storfirst software platform from Congruity360 in February. This is the company’s 20th deal since 2016. Other deals from the company have included:

Park Place was founded in 1991. Private equity firm GTCR has owned Park Place Technologies since 2015. Charlesbank Capital Partners acquired a piece of Park Place in 2019.