Rackspace Technology Named a Major Player in IDC MarketScape for Worldwide Cloud Professional Services

Rhea-AI Summary

Rackspace Technology (NASDAQ: RXT) has been named a Major Player in the IDC MarketScape: Worldwide Cloud Professional Services 2024 Vendor Assessment. This recognition highlights Rackspace's holistic approach to cloud strategy and implementation expertise, reflecting its capabilities in managing clients' cloud operations for over 15 years. The IDC MarketScape report praises Rackspace's Elastic Engineering capabilities, which align with clients' needs for cloud migration and modernization, and emphasizes its workload-aware focus on business outcomes. CEO Amar Maletira stated that this distinction underscores Rackspace's flexible operating model and comprehensive cloud service offerings.

Positive

• Rackspace Technology named a Major Player in IDC MarketScape for Worldwide Cloud Professional Services 2024.
• Recognition highlights Rackspace's holistic approach and over 15 years of cloud service expertise.
• Elastic Engineering capabilities noted as beneficial for clients' cloud migration and modernization needs.
• Praise for Rackspace’s workload-aware focus on desired business outcomes.

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• None.

SAN ANTONIO, July 09, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology^® (NASDAQ: RXT), a leading end-to-end, hybrid, multicloud, and AI solutions company, today announced that it has been named a Major Player in the IDC MarketScape: Worldwide Cloud Professional Services 2024 Vendor Assessment (Doc #US51406224, June 2024).

The IDC MarketScape evaluated cloud professional services providers, creating a framework for comparing vendors' product and service offerings, capabilities and strategies, and factors influencing current and future market success.

"We're honored to be recognized as a Major Player in the IDC MarketScape Report, a distinction we believe highlights our holistic approach to cloud strategy and implementation expertise,” said Amar Maletira, Chief Executive Officer, Rackspace Technology. “We further believe our inclusion in the IDC MarketScape assessment of the 2024 Cloud Professional Services market is a testament to Rackspace's capabilities and flexible operating model."

The IDC MarketScape notes, “Rackspace has over 15 years of experience managing clients' cloud operations and, in the process, has developed ample cloud professional service capabilities.” According to the report, "Rackspace's Elastic Engineering capabilities are a good match for clients that are figuring out what they need from their migration and modernization efforts, and the company's workload-aware focus on a client's desired business outcomes makes it easy to determine where other ecosystem partners need to be involved in the cloud journey."

IDC clients can click here to read the IDC MarketScape: Worldwide Cloud Professional Services 2024 Vendor Assessment Report, and go here for additional information on Rackspace Technology solutions.

About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.

About Rackspace Technology
Rackspace Technology is a leading end-to-end, hybrid, multicloud, and AI solutions 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, publicrelations@rackspace.com

FAQ

What recent recognition did Rackspace Technology receive?

Rackspace Technology was named a Major Player in the IDC MarketScape: Worldwide Cloud Professional Services 2024 Vendor Assessment.

Why was Rackspace Technology recognized in the IDC MarketScape report?

Rackspace Technology was recognized for its holistic approach to cloud strategy, implementation expertise, and over 15 years of managing clients' cloud operations.

What capabilities of Rackspace Technology were highlighted in the IDC MarketScape report?

The IDC MarketScape report highlighted Rackspace's Elastic Engineering capabilities and workload-aware focus on desired business outcomes.

How does Rackspace Technology's IDC MarketScape recognition impact its stock symbol RXT?

The recognition as a Major Player in the IDC MarketScape can positively influence Rackspace Technology's stock symbol RXT by emphasizing its expertise and capabilities in the cloud services market.