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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 its plans to release Q4 2022 financial results on February 22, 2022, after market close. CEO Kevin Jones and CFO Amar Maletira will host a conference call at 5 PM ET to discuss the results. Interested parties can join via Zoom or listen by telephone. The webcast will be available on Rackspace's investor relations website. The company is a leading multicloud technology services provider, assisting customers in modernizing applications and adopting new technologies.
Rackspace Technology (NASDAQ: RXT) has partnered with BT to enhance cloud services for multinational customers. This collaboration will utilize Rackspace's advanced hybrid cloud solutions deployed in BT data centers, integrating automation, AI, and analytics with BT's robust network capabilities. This partnership aims to improve customer experiences and evolve BT's managed cloud offerings. Both companies plan to develop new joint cloud solutions in the future to strengthen their market position.
Rackspace Technology (NASDAQ: RXT) has announced its acquisition of Just Analytics, a leading provider of cloud-based data and AI services in the Asia Pacific and Japan region. This deal is aimed at enhancing Rackspace's capabilities within the Microsoft Azure ecosystem, as Just Analytics has earned multiple regional Microsoft partner awards. Founded in 2011 and based in Singapore, Just Analytics specializes in creating scalable data pipelines and will continue to operate under its brand. The acquisition is expected to strengthen Rackspace's professional services and regional ties.
Rackspace Technology (NASDAQ: RXT) has announced a partnership with Digivante to deliver AI-powered application testing for EMEA customers. This collaboration aims to enhance digital performance through automation, addressing long development times and improving testing efficiency. Using AI and Machine Learning, customers can expect faster software delivery, reduced test cycle times, and minimized manual testing errors. According to IDC, enterprise downtime can cost between $500K to $1M per hour, highlighting the importance of efficient application testing.
Rackspace Technology (NASDAQ: RXT) announced a successful collaboration with Auronix that achieved a 300% return on investment since implementation of Amazon Web Services (AWS). The partnership focused on optimizing infrastructure and enhancing security while moving products to the cloud. This collaboration not only doubled migration speed but also allowed Auronix to allocate more resources to application development. Rackspace now manages infrastructure monitoring and risk mitigation for Auronix, facilitating their digital transformation.
Rackspace Technology (NASDAQ: RXT) announced a partnership with AWS for its new Emissions Monitoring and Surveillance (EMS) solution. This initiative allows facility teams to monitor methane emissions effectively, enabling quicker responses to reduce carbon intensity and environmental impacts. The EMS integrates multiple data sources, streamlines emissions analysis, and accelerates leak detection and repairs. According to Mike Melanson, VP of Strategic Alliance Partnerships, this solution addresses climate change and enhances the company's industry expertise.
Great Hill Partners has appointed Suaad Sait as a Growth Partner, enhancing its investment team with his extensive experience in software and cloud technology. Mr. Sait has a history of driving significant growth, having generated over
Rackspace Technology (NASDAQ: RXT) has partnered with Singapore-based Flextech to enhance its digital loyalty app, Flex Rewards. This app leverages advanced QR code and GPS technology for brick-and-mortar businesses and features an integrated marketplace for rewards. Flextech’s migration to Google Cloud Platform (GCP) was supported by Rackspace's expertise in Kubernetes and its Elastic Engineering model, enabling Flextech to focus on app development and user experience. As Flex Rewards expands, the tailored support from Rackspace will help optimize GCP features and managed services.
Rackspace Technology (RXT) announced that its Chief Product Officer, Josh Prewitt, will engage in a fireside chat with McGraw Hill Education's CTO, Andrew Lippert, at the Apex National Cloud & Cloud Security Transformation Virtual Summit on December 16, 2021. The event aims to address critical technology challenges facing CIOs from Fortune 500 and Global 2000 companies as they navigate cloud and security transformations. The collaboration features prominent industry leaders, including sponsors BitSight, Red Hat, and Intel.
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