Rackspace Technology underpins iPensions Group’s ambitious innovation and digital transformation strategy

Rhea-AI Summary

Rackspace Technology (NASDAQ: RXT) has partnered with iPensions Group to deliver private cloud infrastructure and security solutions, enhancing the latter's technology capabilities in the Self-Invested Personal Pensions (SIPP) market. This collaboration aims to support iPensions’ growth and innovation in digital services, ensuring robust and scalable solutions for their clients. iPensions Group selected Rackspace for its reputation and 24/7 support, which allows them to focus on developing digital solutions to meet customer demands.

Positive

• Partnership with iPensions Group enhances Rackspace's reputation in the pensions sector.
• Provision of scalable infrastructure and security solutions to improve iPensions' digital services.
• Long-term engagement allows Rackspace to generate recurring revenue from iPensions Group.

Negative

• None.

Rackspace Technology & iPensions Group engagement drives tech-focused solutions within the SIPP market

LONDON, July 06, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, has today announced that it is providing backbone private cloud infrastructure and security solutions to iPensions Group, supporting its ambitious plan for modern and innovative technology development.

iPensions Group brings deep technical knowledge and high-calibre service to the pensions sector and provides a range of self-invested personal pensions for UK and non-UK residents. Over the last four years the company invested significantly in its in-house technology capabilities, designing and developing a highly scalable pension platform architecture. The technology-focused enhancements deliver automations for enhancing process digitisation and improving customer journey and experience.

iPensions Group chose Rackspace Technology as its preferred private cloud solution provider given its excellent reputation, expertise and 24x7 support.

Rackspace Technology provides scalable infrastructure and security solutions for iPensions Group’s digital platforms and client solutions. Long term engagement with Rackspace Technology allows iPensions Group to focus on innovation and development of the business.

Hrishi Kulkarni, Director & Group Chief Technology Officer at iPensions Group, said: “With significant growth plans and increase in demand for our digital services, we needed a trusted partner to provide a robust, reliable and agile infrastructure. Rackspace Technology gives us all the support we need as we scale, and its expertise allows our team to focus on building the digital solutions our customers demand. From our adaptability to our security, Rackspace Technology is enhancing all our technological operations and, in turn, the overall user experience and confidence.”

Tim Lovejoy, VP Private Cloud and Government at Rackspace Technology, said: “iPensions Group’s transformation into a digital business has placed innovation and user experience at its heart, with the new platform offering massive time-savings and an improved customer experience. As its team focuses on using this new platform to find better solutions to meet changing customer demands, we look forward to how we can further support its ambitions to scale and innovate by exploring new possibilities such as multicloud.”

About Rackspace Technology

Rackspace Technology is a leading end-to-end multi-cloud 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 iPensions Group

iPensions Group brings deep technical knowledge and high-calibre service to the pensions sector. With a clear focus on technology and innovation backed by a strong set of values, they evolve services to ensure offering is as robust tomorrow as it is today. By continually enhancing expertise they lead the pensions market and are renowned for building long-term client relationships founded on dependable, specialist support.

iPensions Group Limited is registered in England and Wales with company number 03683070 whose registered office is at 2^nd Floor Marshall House, 2 Park Avenue, Sale M33 6HE. Authorised and regulated by the Financial Conduct Authority. Licence number 464521

Media Contact
Devika Mistry
EMEA Rackspace Technology Corporate Communications
devika.mistry@rackspace.com

FAQ

What is the partnership between Rackspace Technology and iPensions Group?

Rackspace Technology is providing private cloud infrastructure and security solutions to iPensions Group to enhance their technology capabilities in the SIPP market.

How does Rackspace Technology support iPensions Group?

Rackspace Technology supports iPensions Group by delivering scalable infrastructure and security solutions, enabling them to focus on innovation and improving customer experience.

What is the stock symbol for Rackspace Technology?

The stock symbol for Rackspace Technology is RXT.

When was the announcement made regarding Rackspace's partnership with iPensions Group?

The announcement was made on July 6, 2021.

What is the primary focus of the technology enhancements provided to iPensions Group?

The primary focus of the technology enhancements is to improve process digitization and the overall customer journey.