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Rackspace Technology, Inc. (RXT) is a leading provider of end-to-end, hybrid, multi-cloud technology services. The company specializes in designing, building, and operating its customers' cloud environments across all major technology platforms, including OpenStack, Microsoft, and VMware. Rackspace offers a comprehensive suite of solutions categorized into Application Services, Data, Colocation, Cloud, Managed Hosting, Professional Services, and Security & Compliance. This diverse service portfolio enables businesses to leverage cloud computing without the complexity and cost of managing IT infrastructure and applications independently.
Serving over 300,000 customers globally, including two-thirds of the Fortune 100, Rackspace is renowned for its Fanatical Support®—a results-driven service that emphasizes customer success. The company's expertise is further validated by its recognition as a leader in the Gartner Magic Quadrant for Cloud-Enabled Managed Hosting and its repeated inclusion in Fortune’s list of best companies to work for.
Rackspace is constantly innovating, as evidenced by its partnership with Google Cloud to showcase generative AI services and solutions. Their Foundry for AI by Rackspace (FAIR) initiative is dedicated to advancing business transformation and improving customer experiences through responsible AI technologies. FAIR has identified over 500 AI use cases and is actively working on industry-leading implementations worldwide.
Recent advancements include the integration of a Generative AI-enabled intelligent system with Microsoft Azure OpenAI Service, significantly enhancing data retrieval and business insights capabilities. Additionally, Rackspace has collaborated with healthcare organizations like Seattle Children's to manage critical workloads, ensuring improved patient care and optimized operations.
Rackspace's commitment to innovation extends to ethical AI practices, as demonstrated by their partnership with OhioX to promote responsible AI adoption and drive economic growth in Ohio. The company’s broad expertise and strategic partnerships enable it to support a wide array of industries, helping them modernize applications and adopt cutting-edge technologies.
For more information, visit www.rackspace.com.
Rackspace Technology (NASDAQ: RXT) announced that its cloud services division, Onica, has achieved the AWS Glue Service Delivery designation. This recognition validates Onica's ability to assist customers with data integration, utilizing AWS Glue for analytics and application development. The AWS Glue service enables customers to discover, prepare, and analyze data effectively. Onica's proprietary DataOps framework enhances data processing and accessibility for businesses, further cementing its position in the cloud technology landscape.
Rackspace Technology (NASDAQ: RXT) is showcasing its interactive AI demonstration, “Knights of AI”, at booth 244 during AWS re:Invent in Las Vegas from November 29 to December 1, 2022. This hands-on demonstration highlights the integration of serverless and AI/ML technologies. Celebrating 11 years as an AWS Premier Consulting Partner, Rackspace also has planned activities like GameDay and breakout sessions. Attendees can follow updates via LinkedIn and view the demonstration video online.
Rackspace Technology (NASDAQ: RXT) announced it will host an AWS re:Invent breakout session titled "Ready, Set, Innovate: Building for the Future", on December 1, 2022. The event will feature industry leaders from Innovyze, who will discuss the transformation of its desktop product into the SaaS platform Info360. This platform aids in managing water systems and ensuring clean drinking water. Rackspace is celebrating 11 years as an AWS Premier Consulting Partner and will have several activities at the expo in Las Vegas.
Rackspace Technology, in collaboration with NatureSweet and the San Antonio Food Bank, will distribute food to over 500 households in San Antonio on November 19, 2022. This marks the 17th year of partnership with the food bank, highlighting its commitment to supporting vulnerable families. The distribution event will take place at Rackspace headquarters starting at 9:00 am. The initiative underscores the company's dedication to community service, as expressed by Holly Windham, the Chief Legal and People Officer.
Rackspace Technology announces the appointment of Bobby Molu as Chief Financial Officer effective January 16, 2023. Molu, previously CFO at Mastercard for International Markets, brings over two decades of financial leadership experience in the technology sector. His strong operational background is expected to drive Rackspace's transformation strategy, enhancing its position in the multicloud market. This leadership change follows Amar Maletira's promotion to CEO in September 2022.
Abu Dhabi Global Market (ADGM) has formed a partnership with Rackspace Technology (NASDAQ: RXT) to advance multiple strategic technology initiatives. Rackspace will assist ADGM in transitioning to cloud computing and developing a unified data platform. This shift aims to enhance operational efficiency and establish a secure technology infrastructure for advanced analytics and AI. ADGM's Director of Technology Services emphasized the importance of this collaboration in sustaining growth and innovation, while Rackspace's GM noted the project's potential to bolster regional economic vitality.
Rackspace Technology (NASDAQ: RXT) hosted the Cloud Talk Live Cybersecurity Summit 2022 on October 25, 2022, in San Antonio, Texas. The summit included discussions with CISOs from Rackspace, iHeartRadio, and Cloudflare, attracting over 500 participants globally. Key insights emphasized the importance of conveying the value of security to leadership, utilizing real-life security incidents for improvement, and incorporating security early in development cycles. Industry leaders highlighted the necessity for ongoing investment in AI-driven security technologies to combat increasingly sophisticated cyber threats.
Rackspace Technology (NASDAQ: RXT) has been recognized as a Top 15 Sourcing Standout by Information Services Group (ISG) for the 7th consecutive quarter, reflecting its achievement in annual contract value (ACV) over the past year. This accolade is part of the 3Q 2022 Global ISG Index™, which reviews sourcing industry data and trends. The company continues to innovate with new offerings like the Elastic Engineering model and Rackspace Data Freedom, focusing on enhancing customer cloud investments and establishing itself as a growing player in the multicloud services market.
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