STOCK TITAN

Rackspace Technology Announces Moogsoft AIOps Platform Integration into Rackspace Fabric

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Rackspace Technology (NASDAQ: RXT) has integrated the Moogsoft AIOps Platform into its Rackspace Fabric, enhancing its multicloud platform with AI and machine learning capabilities. This integration aims to improve incident response times, reduce downtime, and optimize IT operations across cloud environments including AWS, Google Cloud, and Azure. With Rackspace Fabric processing over a billion automated actions monthly, customers will benefit from a streamlined experience in managing complex cloud setups and focus more on innovation rather than troubleshooting.

Positive
  • Integration of Moogsoft AIOps into Rackspace Fabric enhances incident response and uptime.
  • Rackspace Fabric simplifies management across multiple cloud environments, supporting AWS, Google Cloud, and Azure.
  • Processing over a billion automated actions monthly increases operational efficiency.
Negative
  • None.

Enhancing Rackspace Technology’s comprehensive multicloud platform with AIOps

SAN ANTONIO, Aug. 20, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT) announced today the latest release of Rackspace Fabric™ now includes the Moogsoft AIOps Platform, which applies artificial intelligence (AI) and machine learning (ML) to log, metric, trace and alert data to help resolve IT incidents faster and more effectively. The integration into Rackspace Fabric means Rackspace customers will experience increased uptime and fewer incident alerts by utilizing machine learning to solve IT problems.

Rackspace Fabric is a comprehensive platform that provides a unified approach to administrative tasks across multicloud environments. Many companies struggle to manage complex cloud environments with disjointed authentication systems, unreliable support, and disparate management capabilities. Rackspace Fabric simplifies the administration of Amazon Web Services (AWS), Google Cloud Platform, Microsoft Azure, and VMware environments by providing consistent administrative and support capabilities across these technologies.

Rackspace Fabric provides common billing, governance, support, monitoring, incident and change management services while still embracing the distinctive features of each cloud. Processing over a billion automated actions per month, Rackspace Fabric delivers a faster, more consistent approach to consuming and managing cloud resources from multiple providers, enabling customers to realize the transformational capabilities of the cloud much faster.

“Rackspace Fabric takes everything we’ve learned over the last 20 years about operating mission critical applications, combines it with the latest cloud technologies, and weaves it all together into one platform — one fabric — which we use as the foundation for our service delivery,” said Tolga Tarhan, Chief Technology Officer at Rackspace Technology. “The integration of Moogsoft AIOps incorporates comprehensive AI and ML capabilities enabling cross-services visibility to enhance incident response and increase uptime across our customers’ cloud environments. As these cloud environments become increasingly self-healing, the pace of innovation increases, and customers are freed to focus more resources to build and deliver more quickly for their end-users.”

“Digital transformation introduces unprecedented scale and complexity as organizations deploy new services into multicloud environments, and this requires the assistance of AI and ML to complement IT operations’ capacity to innovate,” said Moogsoft Founder and CEO Phil Tee. “This is precisely what Rackspace Technology has done by integrating Moogsoft AIOps into Rackspace Fabric. With AIOps, Rackspace Technology customers can focus more of their time on developing the digital services that drive today’s business, and less on fixing them.”

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.

About Moogsoft
Moogsoft is a pioneer and leading provider of AIOps solutions that help IT teams work faster and smarter. With patented AI analyzing billions of events daily across the world’s most complex IT environments, the Moogsoft AIOps Platform helps the world’s top enterprises avoid outages, automate service assurance, and accelerate digital transformation initiatives. Founded in 2012, Moogsoft has more than 140 customers worldwide including American Airlines, Fannie Mae, Fiserv, HCL Technologies, SAP SuccessFactors, and Verizon Media. It has established strategic partnerships with leading managed service providers and outsourcing organizations including AWS, Cisco, HCL Technologies, TCS and Wipro. Moogsoft® and the Moogsoft logo are proprietary trademarks of Moogsoft Inc. All other products and names may be trademarks of their respective companies.

For more information about Moogsoft’s AIOps platform and its customers’ success, visit www.moogsoft.com.

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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9e4480ae-d22c-45e9-ae42-9dc695a3e06e


FAQ

What is the significance of Rackspace's integration with Moogsoft AIOps for stock RXT?

The integration enhances incident management and operational efficiency, potentially leading to better customer retention and revenue growth, positively impacting RXT's stock.

How does Rackspace Fabric improve cloud management for RXT investors?

Rackspace Fabric simplifies the administration of complex cloud environments, which may attract more customers and support revenue growth for RXT.

What month and year did Rackspace announce the integration of AIOps into its platform?

Rackspace announced the integration of Moogsoft AIOps into Rackspace Fabric in August 2020.

What cloud platforms are supported by Rackspace Fabric?

Rackspace Fabric supports AWS, Google Cloud, Microsoft Azure, and VMware environments.

How does AIOps benefit Rackspace customers?

AIOps helps Rackspace customers resolve IT incidents faster and reduce downtime, allowing them to focus on innovation.

Rackspace Technology, Inc.

NASDAQ:RXT

RXT Rankings

RXT Latest News

RXT Stock Data

634.02M
226.03M
2.88%
87.44%
2.39%
Software - Infrastructure
Services-computer Programming, Data Processing, Etc.
Link
United States of America
SAN ANTONIO