STOCK TITAN

MDC Leverages Rackspace Technology to Reduce Operational Inefficiencies

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

Rackspace Technology (NASDAQ: RXT) partnered with MDC Partners to consolidate data expenditures under a single contract, enhancing operational efficiency and leveraging buying power. This collaboration transitioned MDC's decentralized AWS environment into a cohesive solution in under nine months, significantly reducing administrative burdens. Key figures include the reduction of multiple agency billing and increased visibility into overall spending. The strategic use of AWS Optimizer+, CloudHealth, and Managed Public Cloud facilitated a swift digital transformation for MDC's global operations.

Positive
  • Successfully consolidated MDC's decentralized AWS environment, improving operational efficiencies.
  • Reduced administrative burden by transitioning to a single billing system.
  • Achieved cloud transition in under nine months, compared to an estimated three years for similar global companies.
  • Utilized advanced technologies like AI and Machine Learning to enhance service delivery.
Negative
  • None.

SAN ANTONIO, June 08, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it has worked with MDC Partners Inc. (MDC) to consolidate data spend under one contract so it could leverage its buying power and reduce operational inefficiencies of per-agency billing.

MDC (NASDAQ: MDCA), is a global advertising and marketing holding company based in New York City that is comprised of over 50 agencies and serves over 1,700 clients worldwide. The agency is an innovative advertising, public relations, branding, digital, social and event marketing company and is responsible for some of the most memorable and effective campaigns for the world’s most respected brands. By leveraging technology, data analytics, insights and strategic consulting solutions, MDC drives creative excellence, business growth and measurable return on marketing investment.

Given the agency’s structure, MDC needed to consolidate its existing decentralized AWS environment under one agreement so it could leverage its buying power, improve insights on consumption and reduce operational inefficiencies of per-agency billing. Due to serving multiple agencies around the world, MDC knew that a digital transformation could be a challenge, so the company partnered with Onica, a Rackspace Technology company, on this project.

“Prior to our transformation, our agencies were each utilizing segregated buckets of AWS spend across the group. To manage this more effectively, we consolidated all these buckets under a single pane of glass. This alleviated the administrative burden of managing a decentralized state, while enhancing visibility into our overall spend.” said John Georgatos, Global CIO at MDC.

“With Rackspace, we were able to consolidate our AWS spend; allowing for added operational efficiencies while simultaneously actualizing true run-rate savings. This initiative allowed agencies to pivot and focus on their client work rather than the administrative tasks of managing multiple instances.” Jonathan Schwarz, Manager, Global Operations and Strategic Sourcing at MDC.

“Rackspace Technology leveraged AWS Optimizer+, CloudHealth and Managed Public Cloud to provide MDC a smooth and fast transition to the cloud allowing MDC to complete a transition in under 9 months that would have taken most global companies of our scale 3 years.” Jason Cammorata, SVP Head of Global Operations at MDC.

“From a productivity standpoint, MDC’s current IT model, where each agency handled their own infrastructure, wasn’t ideal,” said Jeff DeVerter, CTO Solutions at Rackspace Technology. “In less than a year, we supported MDC’s goal to transform and consolidate their spend, while leveraging advances such as AI and Machine Learning.”

About Rackspace Technology
Rackspace Technology is a leading end-to-end multicloud technology services company. We can design, build and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.

Media Contact
Natalie Silva
Rackspace Technology Corporate Communications
publicrelations@rackspace.com


FAQ

What recent partnership did Rackspace Technology announce?

Rackspace Technology announced a partnership with MDC Partners to consolidate data spending under one contract.

How has Rackspace Technology improved MDC Partners' operations?

Rackspace Technology improved MDC's operations by consolidating its decentralized AWS spend, enhancing operational efficiency and reducing administrative burdens.

What technologies did Rackspace use for MDC's digital transformation?

Rackspace utilized AWS Optimizer+, CloudHealth, and Managed Public Cloud for MDC's digital transformation.

What was the duration of the cloud transition for MDC Partners?

The transition for MDC Partners was completed in under nine months.

What stock symbol represents Rackspace Technology?

Rackspace Technology is represented by the stock symbol RXT.

Rackspace Technology, Inc.

NASDAQ:RXT

RXT Rankings

RXT Latest News

RXT Stock Data

565.51M
197.45M
2.87%
84.56%
2.35%
Software - Infrastructure
Services-computer Programming, Data Processing, Etc.
Link
United States of America
SAN ANTONIO