Rackspace Technology to Acquire Just Analytics, a Leading Provider of Cloud-based Data, Analytics, and Artificial Intelligence Services

Rhea-AI Summary

Rackspace Technology (NASDAQ: RXT) has announced its acquisition of Just Analytics, a leading provider of cloud-based data and AI services in the Asia Pacific and Japan region. This deal is aimed at enhancing Rackspace's capabilities within the Microsoft Azure ecosystem, as Just Analytics has earned multiple regional Microsoft partner awards. Founded in 2011 and based in Singapore, Just Analytics specializes in creating scalable data pipelines and will continue to operate under its brand. The acquisition is expected to strengthen Rackspace's professional services and regional ties.

Positive

• Acquisition enhances Rackspace's cloud-based data and AI capabilities.
• Strong ties to the Microsoft Azure ecosystem through Just Analytics.
• Just Analytics has won four regional Microsoft partner of the year awards.
• Retention of the Just Analytics brand adds value to Rackspace's offerings.

Negative

• None.

Acquisition to Strengthen APJ Regional Ties into the Microsoft Azure Ecosystem

SAN ANTONIO, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology^® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced that it has agreed to acquire Just Analytics, a leading provider of cloud-based data, analytics, and Artificial Intelligence (AI) services based in the Asia Pacific and Japan (APJ) region. Additionally, this acquisition brings strong regional ties into the Microsoft Azure ecosystem with Just Analytics recently being awarded four regional Microsoft partner of the year awards.

Just Analytics was founded in 2011 and has more than 100 employees headquartered in Singapore with additional employee presence in Vietnam and India. Just Analytics helps clients design and create scalable data pipelines using its proprietary data platform, Guzzle, coupled with new-age cloud-based data and analytics services that transform data into insights, giving customers a unified view of their information assets.

Just Analytics’ data platform is listed on Microsoft Azure Marketplace and automates the movement and transformation of any volume, variety, and velocity of data from a wide array of sources to data pipelines at scale for production. Just Analytics AI leverages Guzzle to enable the deployment of predictive capabilities solutions and business intelligence to analyze data from critical business and operational functions for business end-users.

“The acquisition of Just Analytics ties into our growing professional services focus and brings market-leading Cloud-based data, analytics and AI capabilities that are in demand from our customers and prospects,” said Kevin Jones, CEO of Rackspace Technology. “In addition, we will benefit from the company’s strong APJ regional ties, talented employee base, and natural evolution up the IT services stack. These benefits will provide a clear tie between our services and important customer business metrics.”

“By combining our capabilities with the Rackspace Technology global presence, resources, and scale, we can shift our focus to solely growing our existing business while Rackspace Technology integrates business functions to help us grow,” said, Hemanta Banerjee, Founder and Chief Architect for Just Analytics. “Our companies share a similar culture by differentiating ourselves through Fanatical Experience™ extensive technical training and certifications combined with unsurpassed relationships with key partners based on our capabilities, culture, and execution for customers.”

Rackspace Technology will keep the Just Analytics brand for the foreseeable future as the company has built a well-known and respected brand among the leaders and customers of Microsoft Azure Data Analytics.

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

Investor Contact
Joe Crivelli
Rackspace Technology Investor Relations
ir@rackspace.com

FAQ

What does the acquisition of Just Analytics mean for Rackspace Technology (RXT)?

The acquisition enhances Rackspace's capabilities in cloud-based data and AI services, leveraging Just Analytics' expertise and regional presence.

When was Just Analytics founded, and where is it based?

Just Analytics was founded in 2011 and is headquartered in Singapore, with additional presence in Vietnam and India.

How will the acquisition impact Rackspace's operations in the Asia Pacific region?

The acquisition strengthens Rackspace's professional services and regional ties, enabling better service offerings to clients in the Asia Pacific region.

What is the significance of Just Analytics being awarded Microsoft partner of the year?

These awards highlight Just Analytics' expertise and reputable standing in the Microsoft Azure ecosystem, which Rackspace aims to leverage post-acquisition.