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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 it will release its Q3 2021 financial results after market close on November 15, 2021. CEO Kevin Jones and CFO Amar Maletira will host a conference call the same day at 5:00 PM ET to discuss the results. The call can be accessed via Zoom or telephone, with additional international numbers provided. An audio replay will be available on the company's investor relations website.
On October 18, 2021, Rackspace Technology (NASDAQ: RXT) announced the appointment of Shashank Samant to its board of directors. With over 30 years of experience in global technology services, Samant currently serves as CEO of GlobalLogic Inc. and previously led initiatives at Ness Technologies and Hewlett-Packard. CEO Kevin Jones expressed confidence in Samant's passion for technology and innovation, indicating his addition will strengthen the board's capabilities and vision for Rackspace Technology.
Rackspace Technology (NASDAQ: RXT) has launched Rackspace Container Enablement, aimed at aiding organizations using Kubernetes containerization platforms. This service allows flexible, on-demand multi-cloud expertise without long-term commitments, addressing development challenges like code management and operational shifts. It includes features like a Managed Platform for Kubernetes, improved economic benefits, and proven operational experience. A recent survey indicates that 62% of companies expect an increase in containerized applications over the next two years.
Rackspace Technology (NASDAQ: RXT) has achieved SAP on Google Cloud Specialization in the Google Cloud Partner Advantage Program, demonstrating its expertise in creating customer solutions that leverage SAP on Google Cloud.
The company successfully migrated Mrs. T’s Pierogies from a legacy SAP system to a modern S/4HANA solution on Google Cloud, resulting in enhanced analytics, accelerated transactions, and improved disaster recovery capabilities.
Rackspace Technology (NASDAQ: RXT) has announced the launch of Rackspace Elastic Engineering for ERP, providing businesses with flexible access to ERP application experts from Oracle and SAP. This offering addresses common staffing challenges, allowing companies to redirect resources monthly without new service contracts. The service includes an assigned team of experts and access to Rackspace's platform tools across various cloud environments. Such initiatives are crucial as the demand for digitization and modern ERP systems escalates, particularly post-COVID-19.
Rackspace Technology (NASDAQ: RXT) announced a new episode of its Solve™ Cloud Talk podcast featuring Scott Strickland, EVP and CIO of Wyndham Hotels. The discussion emphasizes the importance of learning from past experiences in the fast-evolving tech industry. Key insights include the necessity of change management and the consequences of failing to adapt. Strickland shared how digital transformation led to innovation at Wyndham, advocating for a culture that prioritizes technology investment to stay competitive.
Rackspace Technology (NASDAQ: RXT) has launched Rackspace Elastic Engineering for Microsoft 365, a service designed to modernize email and productivity applications. This offering supports organizations of all sizes in maximizing their Microsoft 365 investment through a comprehensive approach that includes strategy, tech guidance, and security compliance. Key features include access to dedicated experts, consultative services, and a complimentary discovery session to streamline modernization efforts and enhance operational efficiency.
Rackspace Technology (NASDAQ: RXT) has launched Rackspace Data Freedom, enabling customers to disaggregate storage from public cloud compute, potentially reducing unpredictable egress charges. A recent IDC survey shows that 99% of technology executives face these fees annually. This new platform ensures data sovereignty and offers transit cost savings of up to 83% by using Rackspace's private network. The service is available globally, providing flexible connections to major cloud platforms such as AWS, Azure, and Google Cloud.
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