STOCK TITAN

Rackspace Technology Expands Options to Hybrid Cloud

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

Rackspace Technology (NASDAQ: RXT) announced on September 28, 2020, its collaboration with Dell Technologies to enhance multicloud solutions. The partnership aims to expand the Rackspace Private Cloud powered by VMware (RPCV) portfolio with the Dell Technologies Cloud Platform (DTCP), offering a streamlined approach to hybrid cloud. This integration provides superior management of applications across clouds, achieving up to 52% lower operational costs and reducing unforeseen downtime by 88%. Rackspace's certification for DTCP marks a significant milestone in their ongoing relationship with Dell.

Positive
  • Partnership with Dell Technologies strengthens multicloud offerings.
  • Rackspace's integration of Dell Technologies Cloud Platform enhances operational efficiency.
  • Achieving up to 52% lower operational costs with the new solutions.
  • 88% reduction in unplanned downtime for organizations utilizing VxRail.
Negative
  • None.

SAN ANTONIO, Sept. 28, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it is working with Dell Technologies to create new modernized solutions for multicloud. Rackspace Technology is expanding its Rackspace Private Cloud powered by VMware (RPCV) portfolio with the Dell Technologies Cloud Platform (DTCP).

The offering provides a turnkey solution that delivers an easier path to hybrid cloud and an optimized experience with VMware Cloud Foundation (VCF). Dell Technologies Cloud Platform, comprised of VCF on Dell EMC VxRail, enables organizations to provide consistent and secure management of their entire application portfolio across multiple clouds and is the only HCI system fully integrated with VMware Cloud Foundation SDDC Manager. VxRail is proven to deliver up to 52% lower cost of operations over building a proprietary HCI and reduces unplanned downtime by 88%.

“Together, Rackspace Technology and Dell Technologies are helping solve some of the most pressing business transformation challenges facing organizations today, including optimizing their datacenter footprints, controlling IT spend, removing barriers to multicloud integration and dealing with security and compliance across a multicloud environment,” said Adrianna Bustamante, Senior Director of Global Alliances, Rackspace Technology. “We look forward to continuing our joint initiatives by developing multicloud solutions for the enterprise with Dell Technologies.”

With this announcement, Rackspace Technology brings the benefits of DTCP to more organizations and applications, enabling accelerated solutions for multicloud. This news demonstrates the longstanding relationship between Rackspace Technology and Dell Technologies, strengthening what Rackspace Technology offers in the market.

“As more and more organizations increase their investment on digital transformation and are adding new cloud environments to their overall IT estate, the need for consistent operations and infrastructure across clouds is paramount,” said Brian Payne, vice president of cloud for Dell Technologies. “In working with Rackspace Technology to expand the options for multicloud solutions, companies can achieve better performance at a lower cost, ultimately helping them stay competitive in a tough business environment.”

“A successful path to hybrid cloud is much like shooting a free throw in a basketball game — a simple, consistent process leads to more efficient results,” said Fidelma Russo, senior vice president and general manager, Cloud Services Business Unit, VMware. “Through simplifying IT transformation and enabling consistent and secure application management, this ecosystem delivers greatly reduced cost and downtime. Those are the types of results any organization wants to see.”

In addition, Rackspace Technology has received the DTCP certification.

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 Corporate Communications
publicrelations@rackspace.com 

FAQ

What is the partnership between Rackspace Technology and Dell Technologies about?

The partnership focuses on enhancing multicloud solutions by expanding Rackspace's Private Cloud offerings with Dell Technologies Cloud Platform.

What benefits does the new multicloud solution provide?

The solution offers a reduced cost of operations by up to 52% and minimizes unplanned downtime by 88%.

When was the partnership with Dell Technologies announced?

The collaboration was announced on September 28, 2020.

What certification has Rackspace Technology received?

Rackspace Technology has received certification for the Dell Technologies Cloud Platform.

How does this partnership impact Rackspace's market position?

The partnership strengthens Rackspace's multicloud capabilities, enhancing their competitive position in the market.

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