STOCK TITAN

Rackspace Technology Achieves Snowflake Premier Partnership Level

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary

Rackspace Technology has achieved Snowflake's Premier Partnership Level, positioning itself among the top 30 partners in Snowflake's ecosystem. This partnership aims to enhance data management solutions, providing clients with expertise in migrating to the Snowflake Data Cloud. Through this collaboration, Rackspace is expected to simplify data analysis for customers like Innovyze, improving operational efficiency and innovation in the water industry. This development signifies an important growth opportunity in data services for Rackspace and its partners.

Positive
  • Achieved Snowflake's Premier Partnership Level, enhancing market positioning.
  • Ranked among the top 30 partners in Snowflake's ecosystem.
  • Collaboration expected to simplify data management for clients.
Negative
  • None.

Partnership focuses on data services experience, skills, and ability to accelerate joint value for customers

SAN ANTONIO, March 03, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced achieving Snowflake's Premier Partnership Level. Snowflake, the Data Cloud company, has chosen Rackspace Technology for this partnership to assist with their growth by leveraging data services experience and skills, and ability to accelerate value for customers. The new status puts Rackspace Technology in the top 30 list of partners in the Snowflake partner ecosystem in the US.

“Rackspace Technology brings expertise in migrating customers to the Snowflake Data Cloud, providing a strong expertise in building and operating data lakes, data warehouses, and data science platforms that add value to Snowflake and its customers,” said Colleen Kapase, SVP of WorldWide Partners, and Alliances for Snowflake. “The partnership will provide simplified data management and analysis with Rackspace Technology and Snowflake.”

Snowflake enables organizations to mobilize their data with Snowflake’s Data Cloud. Customers use the Data Cloud to unite siloed data, discover and securely share data, and execute diverse analytic workloads. Wherever data or users live, Snowflake delivers a single data experience that spans multiple clouds and geographies.

Rackspace Technology and Snowflake have worked together for companies like Innovyze, a global leader in building innovative, industry-leading software for the water industry.      

“Rackspace Technology helped Innovyze deliver a sophisticated platform for near-seamless onboarding of new customers while lowering the barrier to entry for digital water lifecycle management for municipalities,” said Rick Gruenhagen, CTO of Innovyze, an Autodesk company. “At the same time, our customers can use real-time Snowflake data to improve the accuracy of their models, which is a huge accomplishment in the water industry. The cloud-based approach reduces operational overhead for clients and gives Innovyze the freedom to continue innovating and leading the industry.”

“Rackspace Technology has deep expertise with all major databases, analytics and AI/ML technologies so we can maximize the business value of a Snowflake project which is evident by our proven method for successful Snowflake deployments,” said Josh Prewitt, Senior Vice President, and Chief Product Officer for Rackspace Technology. “Our customers will benefit from the powerful combination of Snowflake’s innovative technology and our commitment to helping drive and develop their Data Strategy.”

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 is the significance of Rackspace Technology achieving Snowflake's Premier Partnership Level?

Achieving this level positions Rackspace among the top 30 partners in Snowflake's ecosystem, enhancing its credibility and potential for business growth.

How will the partnership between Rackspace Technology and Snowflake benefit customers?

The partnership will simplify data management and analysis, leveraging Rackspace's expertise to improve customer data strategies and operational efficiency.

Which companies benefit from the Rackspace and Snowflake partnership?

Companies like Innovyze, which enhance their software capabilities through improved data management solutions provided by Rackspace Technology.

What role does Rackspace Technology play in the data services sector?

Rackspace Technology provides expertise in migrating to the Snowflake Data Cloud, operating data lakes, and enabling advanced data strategies for businesses.

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